Sulphates; of Magnesium Price in Canada - 2023

Sulphates; of Magnesium Price in Canada (CIF) - 2023

The average sulphates; of magnesium import price stood at $525 per ton in June 2023, with an increase of 5.2% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 37% against the previous month. The import price peaked at $607 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,016 per ton), while the price for China ($275 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Sulphates; of Magnesium Price in Canada (FOB) - 2022

The average sulphates; of magnesium export price stood at $475 per ton in 2022, growing by 4.5% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $706 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -4.0% per year.

Sulphates; of Magnesium Imports in Canada

In 2022, supplies from abroad of sulphates; of magnesia decreased by -7.4% to 33K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of 36K tons, and then contracted in the following year.

In value terms, sulphates; of magnesium imports contracted to $11M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports attained the peak of $12M, and then reduced in the following year.

Import of Sulphates; of Magnesium in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.7	5.2	5.4	4.9	1.4%
China	1.8	2.0	3.2	2.9	17.2%
Germany	1.4	1.5	1.7	1.6	4.6%
Turkey	0.2	0.2	0.6	0.5	35.7%
India	0.4	0.4	0.4	0.4	0.0%
Others	0.3	0.4	0.5	0.4	10.1%
Total	8.7	9.6	11.9	10.8	7.5%

Top Suppliers of Sulphates; of Magnesium to Canada in 2022:

United States (14.3K tons)
China (9.8K tons)
Germany (4.8K tons)
Turkey (1.8K tons)
India (1.4K tons)

Sulphates; of Magnesium Exports in Canada

In 2022, after two years of decline, there was significant growth in shipments abroad of sulphates; of magnesia, when their volume increased by 116% to 284 tons. In general, exports, however, continue to indicate a significant decrease.

In value terms, sulphates; of magnesium exports skyrocketed to $135K in 2022. Over the period under review, exports, however, continue to indicate a precipitous setback.