Sulphates; of Magnesium Price in Guatemala - 2023
Contents:
- Sulphates; of Magnesium Price in Guatemala (CIF) - 2022
- Sulphates; of Magnesium Price in Guatemala (FOB) - 2022
- Sulphates; of Magnesium Imports in Guatemala
- Sulphates; of Magnesium Exports in Guatemala
Sulphates; of Magnesium Price in Guatemala (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $235 per ton, remaining constant against the previous year. In general, the import price, however, showed a noticeable setback. The growth pace was the most rapid in 2021 when the average import price increased by 49%. Over the period under review, average import prices hit record highs at $311 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.1% per year.
Sulphates; of Magnesium Price in Guatemala (FOB) - 2022
The average sulphates; of magnesium export price stood at $440 per ton in 2022, picking up by 43% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 49%. The export price peaked at $496 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($620 per ton), while the average price for exports to El Salvador ($286 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 Honduras (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Guatemala
In 2022, the amount of sulphates; of magnesia imported into Guatemala soared to 39K tons, with an increase of 88% against the year before. In general, imports continue to indicate a prominent increase. 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 $9.2M in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 155% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Sulphates; of Magnesium in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 1.7 | 4.6 | 9.2 | 42.2% |
| Others | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Total | 3.4 | 1.9 | 4.9 | 9.2 | 39.3% |
Top Suppliers of Sulphates; of Magnesium to Guatemala in 2022:
- China (39.2K tons)
Sulphates; of Magnesium Exports in Guatemala
For the fourth year in a row, Guatemala recorded growth in overseas shipments of sulphates; of magnesia, which increased by 1,839% to 3.6K tons in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium exports soared to $1.6M in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sulphates; of Magnesium in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 4.8 | 13.4 | 11.7 | 1,380 | 560.0% |
| Costa Rica | 5.5 | 5.5 | 39.7 | 154 | 203.7% |
| Belize | 0.7 | 12.4 | 1.0 | 23.2 | 221.2% |
| El Salvador | 10.4 | 6.3 | 3.1 | 5.1 | -21.1% |
| Others | N/A | 0.2 | 0.7 | N/A | 250.0% |
| Total | 21.4 | 37.9 | 56.2 | 1,563 | 318.0% |
Top Export Markets for Sulphates; of Magnesium from Guatemala in 2022:
- Honduras (3163.6 tons)
- Costa Rica (337.0 tons)
- Belize (37.5 tons)
- El Salvador (17.8 tons)
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