Sulphates; of Magnesium Price in Uruguay - 2022

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

The average sulphates; of magnesium import price stood at $815 per ton in 2022, declining by -18.6% against the previous year. In general, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2018 an increase of 34%. Over the period under review, average import prices hit record highs at $1,303 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($8,132 per ton), while the price for Germany ($482 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Magnesium Price in Uruguay (FOB) - 2022

The average sulphates; of magnesium export price stood at $5,533 per ton in 2022, picking up by 1,057% against the previous year. Overall, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2013 to 2022, the rate of growth in terms of prices for Free Zones amounted to +240.5% per year.

Sulphates; of Magnesium Imports in Uruguay

In 2022, purchases abroad of sulphates; of magnesia decreased by -37.4% to 646 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2021 when imports increased by 230% against the previous year. As a result, imports reached the peak of 1K tons, and then contracted rapidly in the following year.

In value terms, sulphates; of magnesium imports contracted notably to $527K in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 285% against the previous year. As a result, imports reached the peak of $1M, and then reduced dramatically in the following year.

Import of Sulphates; of Magnesium in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	42.6	67.4	165	182	62.3%
India	5.3	18.0	54.0	122	184.5%
China	54.1	130	472	121	30.8%
Brazil	1.6	24.5	217	98.7	295.1%
Poland	2.5	2.5	9.4	N/A	93.9%
Netherlands	2.2	2.5	10.4	N/A	117.4%
Others	18.5	23.6	105	2.9	-46.1%
Total	127	268	1,033	527	60.7%

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

Germany (378.0 tons)
India (144.0 tons)
Brazil (109.0 tons)
China (14.9 tons)

Sulphates; of Magnesium Exports in Uruguay

In 2022, after three years of growth, there was significant decline in overseas shipments of sulphates; of magnesia, when their volume decreased by -46.2% to 580 kg. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 510% against the previous year.

In value terms, sulphates; of magnesium exports soared to $3.2K in 2022. Over the period under review, exports, however, saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.