Sulphates; of Magnesium Price in Ethiopia - 2022
Contents:
Sulphates; of Magnesium Price in Ethiopia (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $473 per ton, growing by 20% against the previous year. In general, the import price continues to indicate a tangible increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 228%. As a result, import price reached the peak level of $1,245 per ton. From 2018 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 China ($615 per ton), while the price for India ($435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Ethiopia
After two years of decline, purchases abroad of sulphates; of magnesia increased by 2,778% to 1.7K tons in 2022. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium imports skyrocketed to $806K in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Magnesium in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 53.4 | 23.8 | 15.9 | 607 | 124.8% |
| China | 24.0 | 2.0 | 5.2 | 150 | 84.2% |
| Slovakia | N/A | N/A | N/A | 25.1 | 0% |
| Others | 13.4 | 0.2 | 2.2 | 23.6 | 20.8% |
| Total | 90.8 | 26.0 | 23.3 | 806 | 107.1% |
Top Suppliers of Sulphates; of Magnesium to Ethiopia in 2022:
- India (1394.6 tons)
- China (244.2 tons)
- Slovakia (50.1 tons)
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