Sulphates; of Magnesium Price in Estonia - 2023
Contents:
- Sulphates; of Magnesium Price in Estonia (CIF) - 2022
- Sulphates; of Magnesium Price in Estonia (FOB) - 2022
- Sulphates; of Magnesium Imports in Estonia
- Sulphates; of Magnesium Exports in Estonia
Sulphates; of Magnesium Price in Estonia (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $654 per ton, growing by 74% against the previous year. Overall, the import price posted mild growth. The pace of growth appeared the most rapid in 2021 an increase of 87%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($854 per ton), while the price for China ($249 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Estonia (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $1,299 per ton, almost unchanged from the previous year. Over the period under review, the export price enjoyed a measured increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 25%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($3,320 per ton), while the average price for exports to the Netherlands ($503 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 Finland (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Estonia
In 2022, overseas purchases of sulphates; of magnesia decreased by -20.2% to 913 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. As a result, imports reached the peak of 5.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sulphates; of magnesium imports surged to $597K in 2022. Overall, imports faced a abrupt descent.
| Import of Sulphates; of Magnesium in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 269 | 311 | 274 | 507 | 23.5% |
| Finland | N/A | 11.5 | 21.6 | 20.5 | 33.5% |
| China | 574 | 709 | 86.5 | 20.1 | -67.3% |
| Poland | 24.3 | 7.3 | 8.5 | 17.6 | -10.2% |
| Latvia | N/A | N/A | N/A | 16.7 | 0% |
| Others | 1.3 | 2.5 | 39.3 | 14.7 | 124.5% |
| Total | 869 | 1,041 | 430 | 597 | -11.8% |
Top Suppliers of Sulphates; of Magnesium to Estonia in 2022:
- Germany (725.8 tons)
- China (81.0 tons)
- Poland (48.5 tons)
- Finland (24.0 tons)
- Latvia (24.0 tons)
Sulphates; of Magnesium Exports in Estonia
In 2022, sulphates; of magnesium exports from Estonia amounted to 1.1 tons, remaining relatively unchanged against 2021 figures. Overall, exports continue to indicate a significant decrease. The smallest decline of -21.8% was in 2020.
In value terms, sulphates; of magnesium exports amounted to $1.5K in 2022. Over the period under review, exports showed a dramatic contraction. The smallest decline of -2.4% was in 2020.
| Export of Sulphates; of Magnesium in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | N/A | N/A | N/A | 0.6 | 0% |
| Netherlands | N/A | N/A | N/A | 0.3 | 0% |
| Finland | N/A | N/A | N/A | 0.3 | 0% |
| Latvia | 0.4 | N/A | N/A | 0.2 | -20.6% |
| Jordan | 16.6 | N/A | N/A | N/A | 0% |
| Lithuania | N/A | 17.0 | N/A | N/A | 0% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 17.4 | 17.0 | N/A | 1.5 | -55.8% |
Top Export Markets for Sulphates; of Magnesium from Estonia in 2022:
- Netherlands (600.0 kg)
- Croatia (250.0 kg)
- Latvia (196.0 kg)
- Finland (103.0 kg)
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