Sulphates; of Magnesium Price in Belarus - 2022

Sulphates; of Magnesium Price in Belarus (CIF) - 2022

In 2022, the average sulphates; of magnesium import price amounted to $277 per ton, falling by -8% against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 an increase of 18%. The import price peaked at $476 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($729 per ton), while the price for Russia ($244 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Magnesium Price in Belarus (FOB) - 2022

In 2022, the average sulphates; of magnesium export price amounted to $873 per ton, increasing by 58% against the previous year. In general, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 428% against the previous year. As a result, the export price attained the peak level of $8,030 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -19.2% per year.

Sulphates; of Magnesium Imports in Belarus

In 2022, imports of sulphates; of magnesia into Belarus rose modestly to 2.1K tons, growing by 3.5% on the previous year. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of 2.1K tons; afterwards, it flattened through to 2022.

In value terms, sulphates; of magnesium imports dropped to $574K in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of $603K, and then contracted slightly in the following year.

Import of Sulphates; of Magnesium in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	311	397	367	375	6.4%
India	153	64.7	98.9	105	-11.8%
Germany	36.7	62.6	57.4	58.7	16.9%
Others	16.9	21.2	79.6	34.7	27.1%
Total	517	545	603	574	3.5%

Top Suppliers of Sulphates; of Magnesium to Belarus in 2022:

Russia (1536.3 tons)
India (400.7 tons)
Germany (80.5 tons)

Sulphates; of Magnesium Exports in Belarus

In 2022, the amount of sulphates; of magnesia exported from Belarus surged to 3.3 tons, picking up by 101% on 2021 figures. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 3,145% against the previous year. As a result, the exports attained the peak of 10 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphates; of magnesium exports soared to $2.9K in 2022. In general, exports recorded a noticeable increase.