Sulphates; of Magnesium Price in Malaysia - 2021
Contents:
- Sulphates; of Magnesium Price in Malaysia (CIF) - 2021
- Sulphates; of Magnesium Price in Malaysia (FOB) - 2022
- Sulphates; of Magnesium Imports in Malaysia
- Sulphates; of Magnesium Exports in Malaysia
Sulphates; of Magnesium Price in Malaysia (CIF) - 2021
The average sulphates; of magnesium import price stood at $235 per ton in December 2021, surging by 17% against the previous month. Over the period under review, import price indicated a noticeable increase from December 2020 to December 2021: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, sulphates; of magnesium import price increased by +21.8% against June 2021 indices. The most prominent rate of growth was recorded in June 2021 an increase of 27% m-o-m. The import price peaked in December 2021.
Prices varied noticeably by the country of origin: the country with the highest price was India ($348 per ton), while the price for China ($226 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Malaysia (FOB) - 2022
The average sulphates; of magnesium export price stood at $212 per ton in 2022, which is down by -15.1% against the previous year. Overall, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 160% against the previous year. As a result, the export price attained the peak level of $568 per ton. From 2015 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 Singapore ($420 per ton), while the average price for exports to Indonesia stood at $191 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+311.9%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Malaysia
In 2022, approx. 160K tons of sulphates; of magnesia were imported into Malaysia; increasing by 34% on the previous year. Overall, imports, however, continue to indicate a noticeable downturn.
In value terms, sulphates; of magnesium imports soared to $19M in 2022. In general, imports, however, continue to indicate a abrupt decline.
| Import of Sulphates; of Magnesium in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.5 | 18.8 | 14.0 | 17.3 | -8.4% |
| Germany | 0.6 | 3.2 | 0.9 | 1.1 | 22.4% |
| Others | 0.9 | 0.9 | 0.6 | 0.8 | -3.9% |
| Total | 24.1 | 22.9 | 15.5 | 19.2 | -7.3% |
Top Suppliers of Sulphates; of Magnesium to Malaysia in 2022:
- China (145.7K tons)
- Germany (10.2K tons)
Sulphates; of Magnesium Exports in Malaysia
In 2022, shipments abroad of sulphates; of magnesia was finally on the rise to reach 136 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern.
In value terms, sulphates; of magnesium exports contracted slightly to $29K in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 3.5% against the previous year.
| Export of Sulphates; of Magnesium in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 19.6 | 26.0 | 4.1 | 23.8 | 6.7% |
| Singapore | 5.9 | 0.3 | 6.7 | 4.3 | -10.0% |
| Switzerland | N/A | N/A | 6.6 | N/A | 0% |
| India | N/A | N/A | 1.8 | N/A | 0% |
| Others | 1.8 | 2.0 | 10.1 | 0.6 | -30.7% |
| Total | 27.3 | 28.3 | 29.3 | 28.8 | 1.8% |
Top Export Markets for Sulphates; of Magnesium from Malaysia in 2022:
- Indonesia (124.9 tons)
- Singapore (10.3 tons)
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