Sulphates; of Magnesium Price in Norway - 2023
Contents:
- Sulphates; of Magnesium Price in Norway (CIF) - 2022
- Sulphates; of Magnesium Price in Norway (FOB) - 2022
- Sulphates; of Magnesium Imports in Norway
- Sulphates; of Magnesium Exports in Norway
Sulphates; of Magnesium Price in Norway (CIF) - 2022
The average sulphates; of magnesium import price stood at $844 per ton in 2022, falling by -13.6% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% 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 +66.5% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 70%. As a result, import price attained the peak level of $976 per ton, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,248 per ton), while the price for Sweden ($297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Norway (FOB) - 2022
The average sulphates; of magnesium export price stood at $281 per ton in 2022, falling by -3.1% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 22%. The export price peaked at $737 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($395 per ton), while the average price for exports to Sweden totaled $176 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-2.2%), while the prices for the other major destinations experienced a decline.
Sulphates; of Magnesium Imports in Norway
In 2022, purchases abroad of sulphates; of magnesia decreased by -20.9% to 966 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of 1.2K tons, and then fell remarkably in the following year.
In value terms, sulphates; of magnesium imports contracted sharply to $815K in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 172%. As a result, imports attained the peak of $1.2M, and then dropped significantly in the following year.
| Import of Sulphates; of Magnesium in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 157 | 645 | 509 | 523.5% |
| India | 120 | 137 | 240 | 190 | 16.6% |
| Denmark | 54.8 | 65.3 | 70.1 | 55.3 | 0.3% |
| Sweden | 52.7 | 36.0 | 24.0 | 19.0 | -28.8% |
| Others | 47.5 | 42.3 | 212 | 41.9 | -4.1% |
| Total | 277 | 438 | 1,192 | 815 | 43.3% |
Top Suppliers of Sulphates; of Magnesium to Norway in 2022:
- India (626.1 tons)
- Denmark (132.9 tons)
- United States (97.0 tons)
- Sweden (63.9 tons)
Sulphates; of Magnesium Exports in Norway
In 2022, overseas shipments of sulphates; of magnesia increased by 13% to 44 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt curtailment.
In value terms, sulphates; of magnesium exports rose sharply to $12K in 2022. Overall, exports, however, continue to indicate a abrupt slump.
| Export of Sulphates; of Magnesium in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 7.1 | 9.8 | 5.4 | 7.8 | 3.2% |
| Sweden | 1.6 | 3.0 | 3.0 | 4.3 | 39.0% |
| Spain | 6.4 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.6 | 2.8 | 0.3 | -15.7% |
| Total | 15.6 | 13.4 | 11.2 | 12.3 | -7.6% |
Top Export Markets for Sulphates; of Magnesium from Norway in 2022:
- Sweden (24.2 tons)
- Australia (19.7 tons)
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