Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in China - 2023
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in China (CIF) - 2022
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in China (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in China
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in China
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in China (CIF) - 2022
In 2022, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $672 per ton, jumping by 23% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 97% against the previous year. As a result, import price attained the peak level of $2,004 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.1% per year.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in China (FOB) - 2022
In 2022, the average export price for kieserite, epsomite (natural magnesium sulphates)s amounted to $450 per ton, dropping by -3.7% against the previous year. Overall, the export price, however, recorded strong growth. The growth pace was the most rapid in 2018 when the average export price increased by 207% against the previous year. The export price peaked at $504 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($1,711 per ton), while the average price for exports to Indonesia ($319 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in China
In 2022, purchases abroad of kieserite, epsomite (natural magnesium sulphates)s decreased by -16.9% to 3.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 17,215,177%.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports expanded slightly to $2M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 10,478,800% against the previous year. As a result, imports attained the peak of $2.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 2.1 | 2.0 | 2.0 | -2.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | 2.1 | 2.0 | 2.0 | -2.4% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to China in 2022:
- Germany (3.1K tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in China
In 2022, approx. 291 tons of kieserite, epsomite (natural magnesium sulphates)s were exported from China; reducing by -58% against the previous year. In general, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports contracted dramatically to $131K in 2022. Over the period under review, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 21%.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 259 | 246 | 286 | 123 | -22.0% |
| Italy | 110 | 13.5 | 35.2 | 0.8 | -80.6% |
| Uzbekistan | 65.2 | N/A | N/A | N/A | 0% |
| Others | 2.5 | 7.3 | 2.9 | 7.6 | 44.9% |
| Total | 437 | 267 | 324 | 131 | -33.1% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from China in 2022:
- Uzbekistan (undefined tons)
- Japan (286.9 tons)
- Italy (0.8 tons)
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