Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia - 2021
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia (CIF) - 2021
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia (CIF) - 2021
In December 2021, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $182 per ton, with a decrease of -26.6% against the previous month. Overall, import price indicated a noticeable increase from December 2020 to December 2021: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, kieserite, epsomite (natural magnesium sulphates) import price decreased by -26.6% against November 2021 indices. The pace of growth was the most pronounced in November 2021 when the average import price increased by 32% against the previous month. As a result, import price reached the peak level of $248 per ton, and then fell remarkably in the following month.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was China ($222 per ton), while the price for Germany totaled $169 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia (FOB) - 2022
In 2022, the average export price for kieserite, epsomite (natural magnesium sulphates)s amounted to $185 per ton, increasing by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $461 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +17.4% per year.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia
In 2022, the amount of kieserite, epsomite (natural magnesium sulphates)s imported into Malaysia reduced remarkably to 95K tons, dropping by -37.6% on the previous year. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 303% against the previous year. As a result, imports attained the peak of 153K tons, and then fell rapidly in the following year.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports reduced rapidly to $12M in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 336% against the previous year. As a result, imports reached the peak of $19M, and then contracted sharply in the following year.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.3 | 1.9 | 14.3 | 8.8 | 38.7% |
| China | 3.2 | 2.5 | 4.8 | 2.9 | -3.2% |
| Indonesia | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.4 | 4.5 | 19.4 | 11.9 | 23.0% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Malaysia in 2022:
- Germany (64.6K tons)
- China (27.8K tons)
- Indonesia (2.9K tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia
In 2022, overseas shipments of kieserite, epsomite (natural magnesium sulphates)s were finally on the rise to reach 1.5K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt slump.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports skyrocketed to $270K in 2022. Overall, exports, however, showed a abrupt setback.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 427 | 215 | 150 | 270 | -14.2% |
| Kenya | N/A | 174 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 427 | 389 | 150 | 270 | -14.2% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from Malaysia in 2022:
- Thailand (1.5K tons)
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