Sulphates; of Magnesium Price in Finland - 2023
Contents:
- Sulphates; of Magnesium Price in Finland (CIF) - 2023
- Sulphates; of Magnesium Price in Finland (FOB) - 2022
- Sulphates; of Magnesium Imports in Finland
- Sulphates; of Magnesium Exports in Finland
Sulphates; of Magnesium Price in Finland (CIF) - 2023
The average sulphates; of magnesium import price stood at $422 per ton in June 2023, waning by -20.3% against the previous month. Over the period under review, import price indicated mild growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, sulphates; of magnesium import price decreased by -1.9% against February 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 73% month-to-month. The import price peaked at $530 per ton in May 2023, and then contracted significantly in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($488 per ton), while the price for Germany totaled $420 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%).
Sulphates; of Magnesium Price in Finland (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $445 per ton, which is down by -13.4% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth was the most pronounced in 2015 an increase of 169% against the previous year. As a result, the export price attained the peak level of $1,574 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,835 per ton), while the average price for exports to Estonia ($411 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 India (+227.7%), while the prices for the other major destinations experienced a decline.
Sulphates; of Magnesium Imports in Finland
In 2022, approx. 55K tons of sulphates; of magnesia were imported into Finland; increasing by 3.3% against 2021 figures. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 61%. As a result, imports attained the peak of 57K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, sulphates; of magnesium imports dropped modestly to $21M in 2022. The total import value increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 41%.
| Import of Sulphates; of Magnesium in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.8 | 21.0 | 21.2 | 21.0 | 15.0% |
| Others | 1.3 | 0.2 | 0.2 | 0.3 | -38.7% |
| Total | 15.0 | 21.2 | 21.4 | 21.3 | 12.4% |
Top Suppliers of Sulphates; of Magnesium to Finland in 2022:
- Germany (54.9K tons)
Sulphates; of Magnesium Exports in Finland
In 2022, approx. 47 tons of sulphates; of magnesia were exported from Finland; increasing by 52% on the previous year. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 144%. As a result, the exports attained the peak of 65 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sulphates; of magnesium exports surged to $21K in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 116% against the previous year. As a result, the exports reached the peak of $26K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Sulphates; of Magnesium in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 3.9 | 9.1 | 9.1 | 12.7 | 48.2% |
| Estonia | 2.9 | 3.8 | 3.5 | 3.6 | 7.5% |
| Latvia | 0.7 | 2.9 | 1.5 | 2.8 | 58.7% |
| Norway | 1.9 | 2.0 | 1.6 | 1.8 | -1.8% |
| Iceland | 1.8 | 0.4 | N/A | N/A | -77.8% |
| India | N/A | 6.3 | N/A | N/A | 0% |
| Others | 0.9 | 1.4 | 0.2 | 0.1 | -51.9% |
| Total | 12.0 | 26.0 | 15.9 | 20.9 | 20.3% |
Top Export Markets for Sulphates; of Magnesium from Finland in 2022:
- India (undefined tons)
- Lithuania (29.4 tons)
- Estonia (8.8 tons)
- Latvia (5.9 tons)
- Norway (2.9 tons)
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