Sulphates; of Magnesium Price in Paraguay - 2023

Contents:

  1. Sulphates; of Magnesium Price in Paraguay (CIF) - 2022
  2. Sulphates; of Magnesium Imports in Paraguay

Sulphates; of Magnesium Price in Paraguay (CIF) - 2022

The average sulphates; of magnesium import price stood at $435 per ton in 2022, with a decrease of -22.9% against the previous year. In general, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $701 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($553 per ton), while the price for Brazil totaled $347 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%).

Sulphates; of Magnesium Imports in Paraguay

Sulphates; of magnesium imports into Paraguay skyrocketed to 450 tons in 2022, jumping by 58% compared with the year before. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sulphates; of magnesium imports soared to $196K in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 73%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Sulphates; of Magnesium in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil22.217.752.310970.0%
China30.641.563.271.632.8%
Germany4.814.411.04.4-2.9%
Others16.819.534.610.8-13.7%
Total74.593.216119638.0%

Top Suppliers of Sulphates; of Magnesium to Paraguay in 2022:

  1. Brazil (314.3 tons)
  2. China (129.5 tons)
  3. Germany (2.1 tons)

Source: IndexBox Market Intelligence Platform

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