Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the Philippines - 2023
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the Philippines (CIF) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the Philippines
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the Philippines (CIF) - 2022
In 2022, the average import price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $6,041 per ton, growing by 3% against the previous year. In general, the import price recorded a mild increase. The most prominent rate of growth was recorded in 2015 an increase of 120%. As a result, import price attained the peak level of $8,597 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($7,600 per ton), while the price for China amounted to $5,293 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the Philippines
In 2022, after two years of decline, there was significant growth in supplies from abroad of magnesium; raspings, turnings and granules, graded according to size, powderses, when their volume increased by 333% to 26 tons. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses soared to $157K in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.0 | 39.3 | 33.8 | 92.7 | 52.8% |
| Japan | 5.4 | N/A | N/A | 63.8 | 127.8% |
| Others | N/A | 1.9 | 1.3 | N/A | -31.6% |
| Total | 31.4 | 41.3 | 35.1 | 157 | 71.0% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to the Philippines in 2022:
- China (17.5 tons)
- Japan (8.4 tons)
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