Chlorides; of Magnesium Price in Bahrain - 2022
Contents:
- Chlorides; of Magnesium Price in Bahrain (FOB) - 2022
- Chlorides; of Magnesium Price in Bahrain (CIF) - 2022
- Chlorides; of Magnesium Exports in Bahrain
- Chlorides; of Magnesium Imports in Bahrain
Chlorides; of Magnesium Price in Bahrain (FOB) - 2022
The average chlorides; of magnesium export price stood at $2.1 per ton in June 2022, leveling off at the previous month. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $15.1 per ton in February 2022; however, from March 2022 to June 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From August 2021 to June 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +0.2% per month.
Chlorides; of Magnesium Price in Bahrain (CIF) - 2022
In 2022, the average chlorides; of magnesium import price amounted to $3,188 per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 26% against the previous year. The import price peaked at $4,888 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($10,000 per ton), while the price for China ($1,294 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Chlorides; of Magnesium Exports in Bahrain
In 2022, after three years of growth, there was significant decline in overseas shipments of chlorides; of magnesia, when their volume decreased by -48.4% to 80 tons. Overall, exports, however, posted a moderate increase. The growth pace was the most rapid in 2020 when exports increased by 70% against the previous year.
In value terms, chlorides; of magnesium exports dropped remarkably to $175K in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 200% against the previous year. As a result, the exports reached the peak of $414K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Chlorides; of Magnesium in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 138 | 411 | 318 | 175 | 8.2% |
| Others | N/A | 2.7 | N/A | N/A | 0% |
| Total | 138 | 414 | 318 | 175 | 8.2% |
Top Export Markets for Chlorides; of Magnesium from Bahrain in 2022:
- Saudi Arabia (80.1 tons)
Chlorides; of Magnesium Imports in Bahrain
After three years of growth, overseas purchases of chlorides; of magnesia decreased by -40.5% to 12 tons in 2022. Over the period under review, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 71%. As a result, imports reached the peak of 20 tons, and then declined significantly in the following year.
In value terms, chlorides; of magnesium imports contracted markedly to $38K in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of $55K, and then declined remarkably in the following year.
| Import of Chlorides; of Magnesium in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.4 | 3.8 | 1.7 | 20.0 | 65.7% |
| Czech Republic | 7.3 | 4.2 | 12.0 | 17.1 | 32.8% |
| Switzerland | N/A | 4.3 | 3.1 | N/A | -27.9% |
| United States | 2.3 | 6.8 | 8.5 | N/A | 92.2% |
| United Arab Emirates | 6.3 | 14.1 | 16.7 | N/A | 62.8% |
| Others | 6.8 | 3.8 | 13.2 | 0.7 | -53.1% |
| Total | 27.2 | 37.0 | 55.1 | 37.8 | 11.6% |
Top Suppliers of Chlorides; of Magnesium to Bahrain in 2022:
- United States (undefined tons)
- Czech Republic (6.6 tons)
- Germany (5.2 tons)
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