Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa - 2024
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa (CIF) - 2022
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa (FOB) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa (CIF) - 2022
In 2022, the average import price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $6,657 per ton, growing by 64% against the previous year. In general, the import price showed a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 90% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($7,182 per ton), while the price for China ($6,436 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+79.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa (FOB) - 2022
In 2022, the average export price for magnesium; raspings, turnings and granules, graded according to size, powderses amounted to $2,804 per ton, shrinking by -91.8% against the previous year. Overall, the export price continues to indicate a slight setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 631%. As a result, the export price attained the peak level of $34,000 per ton, and then shrank notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Lesotho amounted to +60.4% per year.
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa
In 2022, the amount of magnesium; raspings, turnings and granules, graded according to size, powderses imported into South Africa reduced to 2.7K tons, falling by -9.2% against the previous year's figure. Over the period under review, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 9%. As a result, imports attained the peak of 3K tons, and then contracted in the following year.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses skyrocketed to $18M in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 107% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 5.6 | 8.7 | 12.4 | 47.0% |
| Germany | 3.0 | 0.1 | 3.4 | 4.7 | 16.1% |
| Hong Kong SAR | N/A | 0.1 | N/A | 0.9 | 200.0% |
| Others | 0.7 | N/A | 0.1 | 0.2 | -34.1% |
| Total | 7.6 | 5.9 | 12.2 | 18.1 | 33.5% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to South Africa in 2022:
- China (1919.1 tons)
- Germany (672.2 tons)
- Hong Kong SAR (120.3 tons)
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa
In 2022, overseas shipments of magnesium; raspings, turnings and granules, graded according to size, powderses increased by 57,678% to 10 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous descent.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses skyrocketed to $29K in 2022. In general, exports, however, saw a significant contraction.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 29.2 | 0% |
| Spain | 62.0 | N/A | N/A | N/A | 0% |
| Thailand | N/A | 18.6 | N/A | N/A | 0% |
| Zambia | 9.5 | 7.8 | N/A | N/A | -17.9% |
| Others | 32.0 | 0.9 | 0.6 | N/A | -86.3% |
| Total | 104 | 27.3 | 0.6 | 29.2 | -34.5% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from South Africa in 2022:
- Democratic Republic of the Congo (10.4 tons)
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