Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia - 2022
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia (CIF) - 2022
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia (CIF) - 2022
The average import price for kieserite, epsomite (natural magnesium sulphates)s stood at $250 per ton in March 2022, increasing by 17% against the previous month. Over the period under review, the import price recorded a strong expansion. The pace of growth was the most pronounced in December 2021 when the average import price increased by 57% month-to-month. Over the period under review, average import prices hit record highs in March 2022.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From March 2021 to March 2022, the rate of growth in terms of prices for China amounted to +9.7% per month.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia (FOB) - 2022
In 2022, the average export price for kieserite, epsomite (natural magnesium sulphates)s amounted to $81 per ton, shrinking by -12.2% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 38% against the previous year. As a result, the export price reached the peak level of $191 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($89 per ton), while the average price for exports to Malaysia ($37 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 Taiwan (Chinese) (-7.2%), while the prices for the other major destinations experienced a decline.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia
In 2022, purchases abroad of kieserite, epsomite (natural magnesium sulphates)s decreased by -70% to 19K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 150% against the previous year.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports declined dramatically to $5.1M in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,133 | 1,401 | 4,651 | 2,355 | 27.6% |
| Egypt | 42.2 | 117 | 174 | 119 | 41.3% |
| Singapore | 161 | 231 | 94.2 | 111 | -11.7% |
| China | 257 | 386 | 114 | 54.3 | -40.4% |
| Others | 117 | 2,174 | 4,043 | 2,419 | 174.5% |
| Total | 1,710 | 4,310 | 9,076 | 5,058 | 43.5% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Indonesia in 2022:
- Germany (9.0K tons)
- Egypt (0.6K tons)
- Singapore (0.3K tons)
- China (0.3K tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia
In 2022, exports of kieserite, epsomite (natural magnesium sulphates)s from Indonesia rose rapidly to 179 tons, with an increase of 11% on the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 237%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports fell slightly to $15K in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 236%.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 3.6 | 11.7 | 11.9 | 11.9 | 49.0% |
| Taiwan (Chinese) | 0.2 | 0.7 | 1.2 | 1.1 | 76.5% |
| South Korea | 0.3 | 0.8 | 0.9 | 0.9 | 44.2% |
| Malaysia | 0.2 | 0.9 | 0.8 | 0.7 | 51.8% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 4.2 | 14.1 | 15.0 | 14.5 | 51.1% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from Indonesia in 2022:
- Uganda (134.7 tons)
- Malaysia (17.8 tons)
- Taiwan (Chinese) (15.5 tons)
- South Korea (10.9 tons)
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