Sulphates; of Magnesium Price in Angola - 2022
Contents:
Sulphates; of Magnesium Price in Angola (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $548 per ton, growing by 13% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of magnesium import price decreased by -9.6% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 93% against the previous year. As a result, import price reached the peak level of $606 per ton. From 2021 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 South Africa ($706 per ton), while the price for Brazil totaled $545 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+165.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Angola
Sulphates; of magnesium imports into Angola amounted to 212 tons in 2022, increasing by 4.1% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, sulphates; of magnesium imports soared to $116K in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 99% against the previous year. As a result, imports reached the peak of $134K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Sulphates; of Magnesium in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | N/A | 114 | 0% |
| South Africa | 0.8 | 0.9 | 0.5 | 2.3 | 42.2% |
| China | N/A | 22.3 | 7.4 | N/A | -66.8% |
| India | 8.9 | N/A | N/A | N/A | 0% |
| Portugal | 56.5 | 77.2 | 45.3 | N/A | -10.5% |
| Others | 1.0 | 33.6 | 45.3 | N/A | 573.1% |
| Total | 67.2 | 134 | 98.5 | 116 | 20.0% |
Top Suppliers of Sulphates; of Magnesium to Angola in 2022:
- Brazil (209.0 tons)
- South Africa (3.2 tons)
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