Sulphates; of Magnesium Price in Singapore - 2022
Contents:
- Sulphates; of Magnesium Price in Singapore (CIF) - 2022
- Sulphates; of Magnesium Price in Singapore (FOB) - 2022
- Sulphates; of Magnesium Imports in Singapore
- Sulphates; of Magnesium Exports in Singapore
Sulphates; of Magnesium Price in Singapore (CIF) - 2022
The average sulphates; of magnesium import price stood at $861 per ton in 2022, shrinking by -8.7% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 96% against the previous year. As a result, import price reached the peak level of $2,303 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,491 per ton), while the price for Malaysia ($392 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Price in Singapore (FOB) - 2022
The average sulphates; of magnesium export price stood at $1,375 per ton in 2022, increasing by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of 236%. As a result, the export price reached the peak level of $7,820 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($6,167 per ton), while the average price for exports to South Korea ($1,281 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 Malaysia (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Singapore
In 2022, after three years of growth, there was decline in supplies from abroad of sulphates; of magnesia, when their volume decreased by -2.8% to 1.1K tons. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 +82.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 78%.
In value terms, sulphates; of magnesium imports fell to $950K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year.
| Import of Sulphates; of Magnesium in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 164 | 457 | 482 | 413 | 36.1% |
| Germany | 105 | 105 | 249 | 214 | 26.8% |
| Czech Republic | 184 | 120 | 108 | 114 | -14.7% |
| Others | 125 | 146 | 231 | 208 | 18.5% |
| Total | 577 | 829 | 1,071 | 950 | 18.1% |
Top Suppliers of Sulphates; of Magnesium to Singapore in 2022:
- China (882.1 tons)
- Germany (97.9 tons)
- Czech Republic (83.4 tons)
Sulphates; of Magnesium Exports in Singapore
In 2022, shipments abroad of sulphates; of magnesia decreased by -33.7% to 173 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 699%.
In value terms, sulphates; of magnesium exports fell rapidly to $238K in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 376%.
| Export of Sulphates; of Magnesium in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.6 | 5.8 | 301 | 214 | 411.4% |
| South Korea | 0.1 | 42.9 | 0.1 | 10.0 | 364.2% |
| India | N/A | 60.6 | N/A | N/A | 0% |
| Netherlands | N/A | 28.5 | N/A | N/A | 0% |
| Others | 31.5 | 20.0 | 16.3 | 13.3 | -25.0% |
| Total | 33.2 | 158 | 317 | 238 | 92.8% |
Top Export Markets for Sulphates; of Magnesium from Singapore in 2022:
- China (163.0 tons)
- South Korea (7.8 tons)
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