Sulphates; of Magnesium Price in India - 2023
Contents:
- Sulphates; of Magnesium Price in India (FOB) - 2022
- Sulphates; of Magnesium Price in India (CIF) - 2022
- Sulphates; of Magnesium Exports in India
- Sulphates; of Magnesium Imports in India
Sulphates; of Magnesium Price in India (FOB) - 2022
The average sulphates; of magnesium export price stood at $210 per ton in 2022, shrinking by -12.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 38% against the previous year. As a result, the export price reached the peak level of $241 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($398 per ton), while the average price for exports to Iran ($72 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 Malaysia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Price in India (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $1,151 per ton, declining by -10.8% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of magnesium import price increased by +68.9% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 24%. As a result, import price reached the peak level of $1,290 per ton, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($3,714 per ton), while the price for China ($462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Exports in India
In 2022, approx. 69K tons of sulphates; of magnesia were exported from India; which is down by -5.1% compared with the previous year. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 11%. As a result, the exports reached the peak of 73K tons, and then reduced in the following year.
In value terms, sulphates; of magnesium exports fell dramatically to $14M in 2022. Over the period under review, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $17M, and then dropped markedly in the following year.
| Export of Sulphates; of Magnesium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,687 | 1,251 | 2,546 | 1,997 | 5.8% |
| Italy | 1,650 | 1,544 | 2,423 | 1,900 | 4.8% |
| United Kingdom | 380 | 539 | 1,523 | 1,195 | 46.5% |
| United States | 1,562 | 1,315 | 935 | 974 | -14.6% |
| Poland | 457 | 576 | 1,194 | 937 | 27.0% |
| Ethiopia | 206 | 119 | 980 | 768 | 55.1% |
| Malaysia | 335 | 280 | 673 | 528 | 16.4% |
| Kenya | 865 | 374 | 603 | 472 | -18.3% |
| Iran | 709 | 624 | 248 | 404 | -17.1% |
| Sri Lanka | 90.2 | 143 | 428 | 336 | 55.0% |
| Saudi Arabia | 470 | 281 | 390 | 306 | -13.3% |
| South Korea | 404 | 297 | 380 | 298 | -9.6% |
| South Africa | 61.1 | 173 | 347 | 272 | 64.5% |
| Others | 4,264 | 3,891 | 4,816 | 4,062 | -1.6% |
| Total | 13,139 | 11,407 | 17,487 | 14,447 | 3.2% |
Top Export Markets for Sulphates; of Magnesium from India in 2022:
- Netherlands (8.0K tons)
- Italy (7.4K tons)
- Poland (5.8K tons)
- Iran (5.6K tons)
- United States (5.1K tons)
- Kenya (3.7K tons)
- United Kingdom (3.0K tons)
- Ethiopia (3.0K tons)
- Sri Lanka (2.0K tons)
- South Africa (1.6K tons)
- South Korea (1.6K tons)
- Saudi Arabia (1.5K tons)
- Malaysia (1.5K tons)
Sulphates; of Magnesium Imports in India
In 2022, after two years of decline, there was significant growth in overseas purchases of sulphates; of magnesia, when their volume increased by 12% to 636 tons. In general, imports, however, faced a dramatic curtailment.
In value terms, sulphates; of magnesium imports stood at $733K in 2022. Overall, imports, however, faced a abrupt slump.
| Import of Sulphates; of Magnesium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 226 | 146 | 263 | 245 | 2.7% |
| China | 275 | 252 | 141 | 166 | -15.5% |
| South Korea | 350 | 42.9 | 167 | 156 | -23.6% |
| Germany | 175 | 122 | 88.2 | 96.2 | -18.1% |
| Czech Republic | 84.2 | 0.9 | 24.8 | 27.3 | -31.3% |
| Kenya | 49.6 | N/A | N/A | N/A | 0% |
| Others | 125 | 170 | 48.3 | 42.3 | -30.3% |
| Total | 1,285 | 733 | 732 | 733 | -17.1% |
Top Suppliers of Sulphates; of Magnesium to India in 2022:
- China (359.6 tons)
- Japan (115.1 tons)
- Germany (96.4 tons)
- South Korea (41.9 tons)
- Czech Republic (13.4 tons)
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