Sulphates; of Magnesium Price in Nepal - 2022
Contents:
Sulphates; of Magnesium Price in Nepal (CIF) - 2022
The average sulphates; of magnesium import price stood at $178 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31%. As a result, import price reached the peak level of $290 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -2.1% per year.
Sulphates; of Magnesium Imports in Nepal
In 2022, purchases abroad of sulphates; of magnesia decreased by -12% to 530 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 73% against the previous year. As a result, imports reached the peak of 627 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, sulphates; of magnesium imports contracted to $94K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 -13.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. As a result, imports attained the peak of $109K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Sulphates; of Magnesium in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 65.2 | 108 | 105 | 94.1 | 13.0% |
| Others | N/A | 1.3 | 0.7 | 0.1 | -72.3% |
| Total | 65.2 | 109 | 106 | 94.2 | 13.0% |
Top Suppliers of Sulphates; of Magnesium to Nepal in 2022:
- India (529.8 tons)
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