Price for Hydroxide and Peroxide of Magnesium in Austria - 2023

Contents:

1. Price for Hydroxide and Peroxide of Magnesium in Austria (FOB) - 2022
2. Price for Hydroxide and Peroxide of Magnesium in Austria (CIF) - 2023
3. Exports of Hydroxide and Peroxide of Magnesium in Austria
4. Imports of Hydroxide and Peroxide of Magnesium in Austria

Price for Hydroxide and Peroxide of Magnesium in Austria (FOB) - 2022

In 2022, the average export price for hydroxide and peroxide of magnesia amounted to $2,952 per ton, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($3,295 per ton) and Portugal ($3,274 per ton), while the average price for exports to China ($2,223 per ton) and South Korea ($2,300 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Hydroxide and Peroxide of Magnesium in Austria (CIF) - 2023

In August 2023, the average import price for hydroxide and peroxide of magnesia amounted to $2,142 per ton, with an increase of 2.5% against the previous month. In general, the import price showed a buoyant expansion. The pace of growth was the most pronounced in October 2022 an increase of 252% against the previous month. As a result, import price attained the peak level of $2,415 per ton. From November 2022 to August 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Russia ($2,398 per ton), while the price for the Netherlands totaled $1,966 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+27.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Hydroxide and Peroxide of Magnesium in Austria

In 2022, the amount of hydroxide and peroxide of magnesia exported from Austria expanded slightly to 10K tons, picking up by 3.5% against the previous year. The total export volume increased at an average annual rate of +1.3% 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 2021 when exports increased by 28%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, hydroxide and peroxide of magnesium exports skyrocketed to $31M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +69.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Hydroxide and Peroxide of Magnesium from Austria in 2022:

1. Italy (4995.1 tons)
2. Germany (1751.2 tons)
3. United States (931.1 tons)
4. Switzerland (640.9 tons)
5. France (424.7 tons)
6. Portugal (300.9 tons)
7. China (242.0 tons)
8. United Kingdom (225.2 tons)
9. India (210.0 tons)
10. Japan (200.0 tons)
11. South Korea (176.0 tons)

Imports of Hydroxide and Peroxide of Magnesium in Austria

In 2022, overseas purchases of hydroxide and peroxide of magnesia decreased by -30.8% to 1.3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports reached the peak of 2.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hydroxide and peroxide of magnesium imports declined rapidly to $1.7M in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, imports attained the peak of $2.9M. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Hydroxide and Peroxide of Magnesium to Austria in 2022:

1. Netherlands (524.8 tons)
2. Germany (510.1 tons)
3. Russia (209.8 tons)
4. Mexico (14.0 tons)
5. United Kingdom (14.0 tons)

Source: IndexBox Market Intelligence Platform