Sulphates; of Magnesium Price in Pakistan - 2023
Contents:
- Sulphates; of Magnesium Price in Pakistan (CIF) - 2022
- Sulphates; of Magnesium Price in Pakistan (FOB) - 2022
- Sulphates; of Magnesium Imports in Pakistan
- Sulphates; of Magnesium Exports in Pakistan
Sulphates; of Magnesium Price in Pakistan (CIF) - 2022
The average sulphates; of magnesium import price stood at $1,616 per ton in 2022, remaining stable against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 70% against the previous year. The import price peaked at $1,668 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,908 per ton), while the price for the United Arab Emirates ($599 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Magnesium Price in Pakistan (FOB) - 2022
The average sulphates; of magnesium export price stood at $365 per ton in 2022, rising by 21% against the previous year. In general, the export price, however, continues to indicate a precipitous descent. Over the period under review, the average export prices attained the maximum at $1,362 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Sri Lanka.
From 2017 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to -16.9% per year.
Sulphates; of Magnesium Imports in Pakistan
For the third consecutive year, Pakistan recorded decline in supplies from abroad of sulphates; of magnesia, which decreased by -3% to 240 tons in 2022. In general, imports recorded a sharp shrinkage.
In value terms, sulphates; of magnesium imports dropped modestly to $388K in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.1%. As a result, imports attained the peak of $402K, and then fell in the following year.
| Import of Sulphates; of Magnesium in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.7 | 114 | 109 | 97.8 | 22.9% |
| Germany | 96.7 | 81.6 | 89.4 | 80.1 | -6.1% |
| Czech Republic | 46.4 | 18.9 | 49.8 | 44.6 | -1.3% |
| United States | N/A | N/A | N/A | 37.6 | 0% |
| Others | 200 | 161 | 153 | 128 | -13.8% |
| Total | 396 | 375 | 402 | 388 | -0.7% |
Top Suppliers of Sulphates; of Magnesium to Pakistan in 2022:
- China (69.9 tons)
- Germany (42.0 tons)
- Czech Republic (26.8 tons)
- United States (21.4 tons)
Sulphates; of Magnesium Exports in Pakistan
After three years of growth, overseas shipments of sulphates; of magnesia decreased by -12.4% to 34 tons in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 316% against the previous year.
In value terms, sulphates; of magnesium exports rose significantly to $12K in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 139% against the previous year. As a result, the exports attained the peak of $13K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sulphates; of Magnesium in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 0.4 | 13.1 | 11.3 | 12.4 | 214.1% |
| United Kingdom | 5.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 5.5 | 13.1 | 11.7 | 12.4 | 31.1% |
Top Export Markets for Sulphates; of Magnesium from Pakistan in 2022:
- Sri Lanka (34.0 tons)
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