Sulphates; of Magnesium Price in Oman - 2021
Contents:
- Sulphates; of Magnesium Price in Oman (CIF) - 2022
- Sulphates; of Magnesium Price in Oman (FOB) - 2022
- Sulphates; of Magnesium Imports in Oman
- Sulphates; of Magnesium Exports in Oman
Sulphates; of Magnesium Price in Oman (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $905 per ton, declining by -15.6% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 47% against the previous year. The import price peaked at $1,073 per ton in 2021, and then reduced markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($490 per ton), while the price for India ($55 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.7%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Magnesium Price in Oman (FOB) - 2022
In 2021, the average sulphates; of magnesium export price amounted to $2,083 per ton, shrinking by -7.9% against the previous year. Over the period under review, the export price showed a abrupt slump. Over the period under review, the average export prices reached the maximum at $3,901 per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Pakistan.
From 2017 to 2021, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.
Sulphates; of Magnesium Imports in Oman
In 2022, imports of sulphates; of magnesia into Oman expanded notably to 245 tons, surging by 11% compared with the previous year. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +27.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 67%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium imports shrank to $222K in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 114% against the previous year.
Import of Sulphates; of Magnesium in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.4 | 17.8 | 11.3 | 13.2 | 44.2% |
Netherlands | 1.3 | 4.8 | 7.4 | 8.8 | 89.2% |
United Arab Emirates | 4.6 | 6.5 | 7.8 | 8.5 | 22.7% |
India | 3.0 | 5.7 | 4.3 | 5.5 | 22.4% |
Luxembourg | 1.4 | 4.8 | 4.8 | 5.2 | 54.9% |
Poland | 0.6 | 1.9 | 1.9 | 2.1 | 51.8% |
China | 0.5 | 0.8 | 0.9 | 0.9 | 21.6% |
Czech Republic | N/A | 2.0 | 5.6 | N/A | 180.0% |
Others | 80.6 | 162 | 194 | 178 | 30.2% |
Total | 96.3 | 207 | 238 | 222 | 32.1% |
Top Suppliers of Sulphates; of Magnesium to Oman in 2022:
- India (99.5 tons)
- Germany (40.0 tons)
- United Arab Emirates (29.5 tons)
- Poland (26.2 tons)
- Netherlands (18.1 tons)
- Luxembourg (12.7 tons)
- China (9.2 tons)
Sulphates; of Magnesium Exports in Oman
Sulphates; of magnesium exports from Oman fell to 218 kg in 2021, dropping by -12.8% on the year before. Overall, exports recorded a abrupt contraction.
In value terms, sulphates; of magnesium exports reduced sharply to $454 in 2021. Over the period under review, exports showed a abrupt setback.
Export of Sulphates; of Magnesium in Oman (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
Pakistan | N/A | 454 | 0% | ||
Bahrain | 565 | N/A | 0% | ||
Others | N/A | N/A | 0% | ||
Total | 565 | 454 | -19.6% |
Top Export Markets for Sulphates; of Magnesium from Oman in 2022:
- Pakistan (218.0 kg)
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