Chlorides; of Magnesium Price in China - 2023
Contents:
- Chlorides; of Magnesium Price in China (FOB) - 2022
- Chlorides; of Magnesium Price in China (CIF) - 2022
- Chlorides; of Magnesium Exports in China
- Chlorides; of Magnesium Imports in China
Chlorides; of Magnesium Price in China (FOB) - 2022
The average chlorides; of magnesium export price stood at $222 per ton in 2022, reducing by -14.2% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chlorides; of magnesium export price decreased by -14.5% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. As a result, the export price attained the peak level of $260 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($504 per ton), while the average price for exports to South Korea ($157 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 Vietnam (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Chlorides; of Magnesium Price in China (CIF) - 2022
In 2022, the average chlorides; of magnesium import price amounted to $1,919 per ton, waning by -34.3% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, average import prices attained the maximum at $2,920 per ton in 2021, and then plummeted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($10,648 per ton), while the price for Israel ($443 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Chlorides; of Magnesium Exports in China
In 2022, overseas shipments of chlorides; of magnesia decreased by -17.3% to 153K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a slight downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 20%. As a result, the exports reached the peak of 189K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, chlorides; of magnesium exports reduced markedly to $34M in 2022. Overall, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +3.3% 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 decreased by -30.9% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 59%. As a result, the exports reached the peak of $49M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Chlorides; of Magnesium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.6 | 6.0 | 8.7 | 9.0 | 10.9% |
| Vietnam | 2.0 | 5.9 | 11.6 | 4.7 | 33.0% |
| New Zealand | 3.4 | 6.7 | 4.7 | 3.8 | 3.8% |
| Japan | 3.4 | 4.1 | 4.1 | 3.6 | 1.9% |
| Thailand | 4.0 | 9.7 | 4.7 | 2.8 | -11.2% |
| India | 0.4 | 0.5 | 0.7 | 2.2 | 76.5% |
| Australia | 1.6 | 2.6 | 3.7 | 1.5 | -2.1% |
| Indonesia | 0.2 | 0.6 | 0.4 | 1.5 | 95.7% |
| United States | 2.3 | 0.7 | 0.9 | 1.1 | -21.8% |
| Canada | 0.9 | 2.0 | 0.3 | 0.9 | 0.0% |
| Malaysia | 1.1 | 3.1 | 2.3 | 0.5 | -23.1% |
| Russia | 1.1 | 0.4 | 1.2 | 0.1 | -55.0% |
| Others | 3.8 | 6.8 | 4.5 | 2.5 | -13.0% |
| Total | 30.9 | 49.2 | 47.9 | 34.0 | 3.2% |
Top Export Markets for Chlorides; of Magnesium from China in 2022:
- South Korea (57.0K tons)
- Japan (22.5K tons)
- New Zealand (19.0K tons)
- Thailand (13.8K tons)
- Vietnam (9.3K tons)
- United States (5.6K tons)
- Indonesia (5.1K tons)
- India (4.9K tons)
- Australia (4.1K tons)
- Canada (2.9K tons)
- Malaysia (1.4K tons)
- Russia (0.4K tons)
Chlorides; of Magnesium Imports in China
After two years of decline, purchases abroad of chlorides; of magnesia increased by 56% to 814 tons in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports totaled $1.6M in 2022. The total import value increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Chlorides; of Magnesium in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 116 | 158 | 307 | 406 | 51.8% |
| Czech Republic | 272 | 265 | 339 | 399 | 13.6% |
| Japan | 388 | 584 | 373 | 377 | -1.0% |
| United States | 125 | 232 | 381 | 287 | 31.9% |
| Israel | 100 | 71.3 | 51.9 | 49.7 | -20.8% |
| Others | 96.0 | 87.5 | 74.9 | 42.8 | -23.6% |
| Total | 1,097 | 1,397 | 1,527 | 1,561 | 12.5% |
Top Suppliers of Chlorides; of Magnesium to China in 2022:
- Czech Republic (504.2 tons)
- Israel (112.3 tons)
- United States (90.6 tons)
- Japan (63.6 tons)
- Germany (38.1 tons)
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