Chlorides; of Magnesium Price in Finland - 2023

Contents:

1. Chlorides; of Magnesium Price in Finland (CIF) - 2022
2. Chlorides; of Magnesium Price in Finland (FOB) - 2022
3. Chlorides; of Magnesium Imports in Finland
4. Chlorides; of Magnesium Exports in Finland

Chlorides; of Magnesium Price in Finland (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $278 per ton, jumping by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($731 per ton), while the price for Israel ($183 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Chlorides; of Magnesium Price in Finland (FOB) - 2022

In 2022, the average chlorides; of magnesium export price amounted to $1,572 per ton, reducing by -1.8% against the previous year. In general, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2013 an increase of 254%. The export price peaked at $4,160 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($1,607 per ton), while the average price for exports to Estonia stood at $1,571 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+17.2%).

Chlorides; of Magnesium Imports in Finland

For the fourth consecutive year, Finland recorded growth in purchases abroad of chlorides; of magnesia, which increased by 27% to 7.4K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, chlorides; of magnesium imports skyrocketed to $2.1M in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 64%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Chlorides; of Magnesium to Finland in 2022:

1. Israel (4.7K tons)
2. Sweden (2.2K tons)
3. Germany (0.3K tons)
4. Netherlands (0.1K tons)

Chlorides; of Magnesium Exports in Finland

In 2022, approx. 291 kg of chlorides; of magnesia were exported from Finland; waning by -27.6% on 2021. In general, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 130% against the previous year.

In value terms, chlorides; of magnesium exports reduced sharply to $458 in 2022. Over the period under review, exports showed a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 137%.

Top Export Markets for Chlorides; of Magnesium from Finland in 2022:

1. Estonia (287.0 kg)
2. Sweden (4.0 kg)

Source: IndexBox Market Intelligence Platform