Sulphates; of Magnesium Price in Bolivia - 2023
Contents:
Sulphates; of Magnesium Price in Bolivia (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $495 per ton, surging by 8.1% against the previous year. Over the period under review, the import price posted a modest expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 131%. As a result, import price reached the peak level of $714 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($489 per ton), while the price for China ($489 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Bolivia
In 2022, approx. 869 tons of sulphates; of magnesia were imported into Bolivia; jumping by 159% on 2021 figures. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium imports skyrocketed to $430K in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Magnesium in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.9 | 36.9 | 76.7 | 371 | 76.1% |
| Brazil | N/A | 13.4 | 35.3 | 30.5 | 50.9% |
| Colombia | N/A | N/A | 2.5 | 20.0 | 700.0% |
| Peru | 7.0 | N/A | 34.8 | N/A | 123.0% |
| Others | 23.2 | 33.0 | 4.0 | 8.2 | -29.3% |
| Total | 98.2 | 83.2 | 153 | 430 | 63.6% |
Top Suppliers of Sulphates; of Magnesium to Bolivia in 2022:
- China (760.0 tons)
- Brazil (62.3 tons)
- Colombia (40.8 tons)
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