Chlorides; of Magnesium Price in Iraq - 2022
Contents:
Chlorides; of Magnesium Price in Iraq (CIF) - 2022
In 2022, the average chlorides; of magnesium import price amounted to $1,937 per ton, jumping by 70% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($3,630 per ton), while the price for the United Arab Emirates ($867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+43.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Chlorides; of Magnesium Imports in Iraq
In 2022, chlorides; of magnesium imports into Iraq fell remarkably to 90 tons, waning by -39.6% on the previous year. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 749%. As a result, imports attained the peak of 149 tons, and then fell significantly in the following year.
In value terms, chlorides; of magnesium imports stood at $175K in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 628% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Chlorides; of Magnesium in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | N/A | 14.7 | 87.3 | 493.9% |
| United Arab Emirates | 32.8 | 9.8 | 63.0 | 47.9 | 13.5% |
| Germany | 38.3 | 8.3 | 41.6 | 32.7 | -5.1% |
| Turkey | 1.0 | 0.5 | 3.2 | 3.0 | 44.2% |
| Others | 44.4 | 4.8 | 47.8 | 3.8 | -55.9% |
| Total | 116 | 23.4 | 170 | 175 | 14.7% |
Top Suppliers of Chlorides; of Magnesium to Iraq in 2022:
- United Arab Emirates (55.3 tons)
- Kuwait (24.1 tons)
- Germany (9.0 tons)
- Turkey (1.6 tons)
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