Sulphates; of Magnesium Price in Sri Lanka - 2021
Contents:
- Sulphates; of Magnesium Price in Sri Lanka (CIF) - 2022
- Sulphates; of Magnesium Price in Sri Lanka (FOB) - 2022
- Sulphates; of Magnesium Imports in Sri Lanka
- Sulphates; of Magnesium Exports in Sri Lanka
Sulphates; of Magnesium Price in Sri Lanka (CIF) - 2022
The average sulphates; of magnesium import price stood at $363 per ton in 2022, picking up by 4.2% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 +26.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 33% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($622 per ton), while the price for China ($212 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.2%).
Sulphates; of Magnesium Price in Sri Lanka (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $418 per ton, with an increase of 3.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 61%. As a result, the export price attained the peak level of $1,135 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +1.4% per year.
Sulphates; of Magnesium Imports in Sri Lanka
In 2022, supplies from abroad of sulphates; of magnesia increased by 6% to 1.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic downturn.
In value terms, sulphates; of magnesium imports expanded sharply to $533K in 2022. Over the period under review, imports, however, saw a deep contraction.
| Import of Sulphates; of Magnesium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 255 | 268 | 345 | 377 | 13.9% |
| China | 409 | 187 | 76.5 | 102 | -37.1% |
| United Kingdom | 97.4 | 57.4 | 24.7 | 25.1 | -36.4% |
| Others | 66.2 | 71.5 | 36.9 | 29.1 | -24.0% |
| Total | 827 | 584 | 483 | 533 | -13.6% |
Top Suppliers of Sulphates; of Magnesium to Sri Lanka in 2022:
- India (944.3 tons)
- China (481.9 tons)
- United Kingdom (40.3 tons)
Sulphates; of Magnesium Exports in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of sulphates; of magnesia, when their volume decreased by -20.5% to 2.8 tons. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 230% against the previous year.
In value terms, sulphates; of magnesium exports fell markedly to $1.2K in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 125%.
| Export of Sulphates; of Magnesium in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 404 | 909 | 1,413 | 1,162 | 42.2% |
| Others | 1.0 | 1.0 | 1.0 | N/A | 0.0% |
| Total | 405 | 910 | 1,414 | 1,162 | 42.1% |
Top Export Markets for Sulphates; of Magnesium from Sri Lanka in 2022:
- Maldives (2.8 tons)
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