Sulphates; of Magnesium Price in Sweden - 2023
Contents:
- Sulphates; of Magnesium Price in Sweden (CIF) - 2023
- Sulphates; of Magnesium Price in Sweden (FOB) - 2022
- Sulphates; of Magnesium Imports in Sweden
- Sulphates; of Magnesium Exports in Sweden
Sulphates; of Magnesium Price in Sweden (CIF) - 2023
In June 2023, the average sulphates; of magnesium import price amounted to $448 per ton, reducing by -24.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 46% m-o-m. The import price peaked at $592 per ton in May 2023, and then shrank notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Denmark ($692 per ton), while the price for India ($290 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Sulphates; of Magnesium Price in Sweden (FOB) - 2022
The average sulphates; of magnesium export price stood at $540 per ton in 2022, increasing by 3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 24%. Over the period under review, the average export prices attained the peak figure at $830 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($543 per ton), while the average price for exports to Denmark amounted to $484 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-0.8%).
Sulphates; of Magnesium Imports in Sweden
In 2022, after two years of decline, there was significant growth in purchases abroad of sulphates; of magnesia, when their volume increased by 6% to 17K tons. In general, imports, however, recorded a noticeable descent.
In value terms, sulphates; of magnesium imports expanded slightly to $6.6M in 2022. Over the period under review, imports, however, saw a abrupt setback.
| Import of Sulphates; of Magnesium in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.5 | 6.6 | 6.0 | 6.2 | -6.1% |
| Denmark | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Total | 7.7 | 6.8 | 6.4 | 6.6 | -5.0% |
Top Suppliers of Sulphates; of Magnesium to Sweden in 2022:
- Germany (16.0K tons)
- Denmark (0.3K tons)
Sulphates; of Magnesium Exports in Sweden
In 2022, approx. 133 tons of sulphates; of magnesia were exported from Sweden; dropping by -24.2% compared with the previous year. In general, exports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 94% against the previous year. As a result, the exports reached the peak of 176 tons, and then dropped notably in the following year.
In value terms, sulphates; of magnesium exports dropped sharply to $72K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 79%. As a result, the exports reached the peak of $92K, and then declined sharply in the following year.
| Export of Sulphates; of Magnesium in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 15.3 | 12.0 | 24.3 | 34.7 | 31.4% |
| Denmark | 39.6 | 35.0 | 63.4 | 33.0 | -5.9% |
| Others | 2.9 | 4.6 | 4.6 | 4.3 | 14.0% |
| Total | 57.8 | 51.7 | 92.3 | 72.0 | 7.6% |
Top Export Markets for Sulphates; of Magnesium from Sweden in 2022:
- Denmark (68.2 tons)
- Norway (63.9 tons)
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