Sulphates; of Magnesium Price in Serbia - 2023
Contents:
- Sulphates; of Magnesium Price in Serbia (CIF) - 2022
- Sulphates; of Magnesium Price in Serbia (FOB) - 2022
- Sulphates; of Magnesium Imports in Serbia
- Sulphates; of Magnesium Exports in Serbia
Sulphates; of Magnesium Price in Serbia (CIF) - 2022
The average sulphates; of magnesium import price stood at $712 per ton in 2022, with a decrease of -20.9% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 74% against the previous year. As a result, import price reached the peak level of $900 per ton, and then declined rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,566 per ton), while the price for Tunisia ($394 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+85.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Serbia (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $1,183 per ton, surging by 48% against the previous year. Overall, the export price, however, showed a slight reduction. The growth pace was the most rapid in 2017 when the average export price increased by 59% against the previous year. The export price peaked at $1,425 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($7,580 per ton), while the average price for exports to Bosnia and Herzegovina totaled $374 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+271.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Serbia
In 2022, overseas purchases of sulphates; of magnesia were finally on the rise to reach 523 tons after two years of decline. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium imports surged to $372K in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Magnesium in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | N/A | N/A | N/A | 123 | 0% |
| China | 23.9 | 8.4 | 19.0 | 109 | 65.8% |
| Germany | 27.4 | 65.7 | 64.3 | 88.0 | 47.5% |
| Netherlands | N/A | N/A | 17.0 | 19.3 | 13.5% |
| Turkey | 39.8 | 26.5 | 8.6 | 9.8 | -37.3% |
| Hong Kong SAR | 26.2 | N/A | N/A | N/A | 0% |
| Slovenia | 29.9 | 35.2 | 33.4 | N/A | 5.7% |
| Others | 3.6 | 8.8 | 9.8 | 23.4 | 86.6% |
| Total | 151 | 145 | 152 | 372 | 35.1% |
Top Suppliers of Sulphates; of Magnesium to Serbia in 2022:
- Tunisia (312.0 tons)
- Germany (94.4 tons)
- China (69.4 tons)
- Turkey (23.0 tons)
- Netherlands (18.5 tons)
Sulphates; of Magnesium Exports in Serbia
In 2022, the amount of sulphates; of magnesia exported from Serbia declined rapidly to 5 tons, shrinking by -37.2% compared with 2021. In general, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 1.1% against the previous year.
In value terms, sulphates; of magnesium exports reduced to $5.9K in 2022. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year.
| Export of Sulphates; of Magnesium in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 1.0 | 1.5 | 3.2 | 4.3 | 62.6% |
| Bosnia and Herzegovina | 7.3 | 1.0 | 0.6 | 1.7 | -38.5% |
| North Macedonia | 1.8 | 2.1 | 2.5 | N/A | 17.9% |
| Others | 0.9 | N/A | 0.1 | N/A | -66.7% |
| Total | 11.1 | 4.7 | 6.4 | 5.9 | -19.0% |
Top Export Markets for Sulphates; of Magnesium from Serbia in 2022:
- Bosnia and Herzegovina (4.4 tons)
- Montenegro (0.6 tons)
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