Sulphates; of Magnesium Price in Belgium - 2023
Contents:
- Sulphates; of Magnesium Price in Belgium (CIF) - 2022
- Sulphates; of Magnesium Price in Belgium (FOB) - 2022
- Sulphates; of Magnesium Imports in Belgium
- Sulphates; of Magnesium Exports in Belgium
Sulphates; of Magnesium Price in Belgium (CIF) - 2022
The average sulphates; of magnesium import price stood at $345 per ton in 2022, reducing by -11.9% against the previous year. Overall, the import price showed a perceptible slump. The growth pace was the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $464 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($555 per ton), while the price for France ($264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Price in Belgium (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $305 per ton, leveling off at the previous year. In general, the export price recorded a pronounced setback. The growth pace was the most rapid in 2018 an increase of 41% against the previous year. The export price peaked at $516 per ton in 2013; however, from 2014 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 Poland ($660 per ton), while the average price for exports to France ($155 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 Poland (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Belgium
Sulphates; of magnesium imports into Belgium skyrocketed to 27K tons in 2022, picking up by 19% compared with 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 66%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, sulphates; of magnesium imports amounted to $9.5M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. As a result, imports reached the peak of $9.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sulphates; of Magnesium in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.8 | 6.1 | 5.9 | 4.6 | 6.6% |
| France | 0.1 | 0.3 | 1.1 | 2.1 | 175.9% |
| China | 0.6 | 2.4 | 0.6 | 1.3 | 29.4% |
| Netherlands | 1.5 | 0.7 | 1.1 | 0.6 | -26.3% |
| India | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.3 | 0.3 | 0.8 | 100.0% |
| Total | 6.1 | 9.9 | 9.1 | 9.5 | 15.9% |
Top Suppliers of Sulphates; of Magnesium to Belgium in 2022:
- Germany (14.3K tons)
- France (7.8K tons)
- China (2.3K tons)
- Netherlands (2.0K tons)
- India (0.4K tons)
Sulphates; of Magnesium Exports in Belgium
In 2022, exports of sulphates; of magnesia from Belgium skyrocketed to 12K tons, increasing by 30% against the year before. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 78%. As a result, the exports attained the peak of 18K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sulphates; of magnesium exports surged to $3.7M in 2022. In general, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 32%. As a result, the exports attained the peak of $4.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sulphates; of Magnesium in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 959 | 2,822 | 1,180 | 1,195 | 7.6% |
| Netherlands | 1,791 | 726 | 823 | 1,103 | -14.9% |
| Poland | 12.9 | 380 | 124 | 699 | 278.4% |
| Romania | 10.7 | 70.6 | 195 | 171 | 151.9% |
| Others | 632 | 496 | 509 | 493 | -7.9% |
| Total | 3,406 | 4,495 | 2,830 | 3,662 | 2.4% |
Top Export Markets for Sulphates; of Magnesium from Belgium in 2022:
- France (7.7K tons)
- Netherlands (2.3K tons)
- Poland (1.1K tons)
- Romania (0.4K tons)
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