Chlorides; of Magnesium Price in Guatemala - 2023

Contents:

1. Chlorides; of Magnesium Price in Guatemala (CIF) - 2022
2. Chlorides; of Magnesium Price in Guatemala (FOB) - 2022
3. Chlorides; of Magnesium Imports in Guatemala
4. Chlorides; of Magnesium Exports in Guatemala

Chlorides; of Magnesium Price in Guatemala (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $665 per ton, rising by 24% against the previous year. In general, import price indicated a moderate expansion 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 2018 an increase of 55%. Over the period under review, average import prices reached the maximum at $753 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 the Czech Republic ($2,061 per ton), while the price for China ($471 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Chlorides; of Magnesium Price in Guatemala (FOB) - 2022

The average chlorides; of magnesium export price stood at $3,590 per ton in 2022, surging by 38% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 45%. The export price peaked at $6,651 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($7,901 per ton), while the average price for exports to El Salvador ($3,043 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 Mexico (+1,050.4%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Magnesium Imports in Guatemala

In 2022, chlorides; of magnesium imports into Guatemala declined dramatically to 320 tons, with a decrease of -17.3% on the previous year's figure. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 45%.

In value terms, chlorides; of magnesium imports stood at $213K in 2022. In general, imports saw a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 32%.

Top Suppliers of Chlorides; of Magnesium to Guatemala in 2022:

1. China (276.8 tons)
2. Czech Republic (26.8 tons)
3. Germany (16.2 tons)
4. United States (0.1 tons)

Chlorides; of Magnesium Exports in Guatemala

In 2022, exports of chlorides; of magnesia from Guatemala dropped dramatically to 9 tons, waning by -53.3% on the previous year. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 149%. As a result, the exports reached the peak of 19 tons, and then contracted markedly in the following year.

In value terms, chlorides; of magnesium exports shrank markedly to $32K in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $50K, and then declined sharply in the following year.

Top Export Markets for Chlorides; of Magnesium from Guatemala in 2022:

1. El Salvador (4.9 tons)
2. Honduras (2.5 tons)
3. Nicaragua (1.1 tons)
4. Dominican Republic (0.5 tons)

Source: IndexBox Market Intelligence Platform