Sulphates; of Magnesium Price in Austria - 2023
Contents:
- Sulphates; of Magnesium Price in Austria (CIF) - 2023
- Sulphates; of Magnesium Price in Austria (FOB) - 2022
- Sulphates; of Magnesium Imports in Austria
- Sulphates; of Magnesium Exports in Austria
Sulphates; of Magnesium Price in Austria (CIF) - 2023
The average sulphates; of magnesium import price stood at $739 per ton in May 2023, increasing by 22% against the previous month. In general, import price indicated a tangible expansion from May 2022 to May 2023: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, sulphates; of magnesium import price increased by +73.9% against December 2022 indices. The most prominent rate of growth was recorded in November 2022 an increase of 54% month-to-month. The import price peaked at $758 per ton in August 2022; however, from September 2022 to May 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From May 2022 to May 2023, the rate of growth in terms of prices for Germany amounted to +3.5% per month.
Sulphates; of Magnesium Price in Austria (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $856 per ton, surging by 9.2% against the previous year. In general, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices hit record highs at $1,219 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($2,535 per ton), while the average price for exports to the Czech Republic ($358 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Austria
In 2022, the amount of sulphates; of magnesia imported into Austria reduced modestly to 11K tons, shrinking by -2.7% compared with the previous year. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 5.3%. As a result, imports attained the peak of 11K tons, and then fell modestly in the following year.
In value terms, sulphates; of magnesium imports dropped to $4.3M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of $4.7M, and then declined in the following year.
| Import of Sulphates; of Magnesium in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.1 | 3.5 | 3.7 | 3.3 | 2.1% |
| France | 0.1 | N/A | 0.4 | 0.6 | 81.7% |
| Slovenia | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.4 | 0.6 | 0.4 | 58.7% |
| Total | 3.9 | 3.9 | 4.7 | 4.3 | 3.3% |
Top Suppliers of Sulphates; of Magnesium to Austria in 2022:
- Germany (8.8K tons)
- France (2.1K tons)
Sulphates; of Magnesium Exports in Austria
In 2022, approx. 93 tons of sulphates; of magnesia were exported from Austria; waning by -28.6% compared with 2021. Over the period under review, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 179%.
In value terms, sulphates; of magnesium exports declined dramatically to $79K in 2022. Overall, exports faced a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 79%.
| Export of Sulphates; of Magnesium in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 13.6 | 0.9 | 15.6 | 19.7 | 13.1% |
| Netherlands | N/A | N/A | N/A | 14.4 | 0% |
| United Kingdom | N/A | N/A | N/A | 10.0 | 0% |
| Germany | 37.7 | 6.8 | 7.8 | 8.7 | -38.7% |
| Canada | 11.7 | N/A | N/A | 5.9 | -20.4% |
| France | 85.2 | N/A | N/A | 2.9 | -67.6% |
| Italy | 3.2 | 2.5 | 12.5 | 1.4 | -24.1% |
| Czech Republic | 1.4 | 0.6 | N/A | 1.3 | -2.4% |
| Hungary | 4.9 | 7.3 | 11.1 | 0.8 | -45.3% |
| Slovakia | 7.8 | 1.7 | 9.2 | 0.4 | -62.8% |
| Belgium | 17.7 | N/A | N/A | N/A | 0% |
| Others | 7.6 | 37.2 | 45.9 | 14.1 | 22.9% |
| Total | 191 | 56.9 | 102 | 79.5 | -25.3% |
Top Export Markets for Sulphates; of Magnesium from Austria in 2022:
- Belgium (undefined tons)
- Romania (51.6 tons)
- Canada (7.6 tons)
- Germany (7.2 tons)
- Netherlands (5.7 tons)
- United Kingdom (4.5 tons)
- Italy (3.7 tons)
- Czech Republic (3.6 tons)
- Hungary (1.6 tons)
- France (1.1 tons)
- Slovakia (0.8 tons)
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