Sulphates; of Magnesium Price in Indonesia - 2022
Contents:
- Sulphates; of Magnesium Price in Indonesia (CIF) - 2022
- Sulphates; of Magnesium Price in Indonesia (FOB) - 2022
- Sulphates; of Magnesium Imports in Indonesia
- Sulphates; of Magnesium Exports in Indonesia
Sulphates; of Magnesium Price in Indonesia (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $133 per ton, which is down by -20.5% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 68%. Over the period under review, average import prices reached the peak figure at $247 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($364 per ton), while the price for China stood at $125 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.4%).
Sulphates; of Magnesium Price in Indonesia (FOB) - 2022
The average sulphates; of magnesium export price stood at $216 per ton in 2022, surging by 11% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 89%. The export price peaked at $378 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($320 per ton), while the average price for exports to Malaysia ($46 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 Myanmar (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Sulphates; of Magnesium Imports in Indonesia
In 2022, after two years of decline, there was growth in supplies from abroad of sulphates; of magnesia, when their volume increased by 1.5% to 95K tons. Over the period under review, imports, however, saw a abrupt curtailment.
In value terms, sulphates; of magnesium imports dropped remarkably to $13M in 2022. In general, imports, however, showed a mild slump. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of $16M, and then dropped markedly in the following year.
| Import of Sulphates; of Magnesium in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 7.8 | 13.5 | 11.6 | -1.1% |
| Germany | 0.9 | 1.3 | 1.0 | 0.8 | -3.9% |
| Others | 0.3 | 0.5 | 1.3 | 0.2 | -12.6% |
| Total | 13.2 | 9.6 | 15.7 | 12.7 | -1.3% |
Top Suppliers of Sulphates; of Magnesium to Indonesia in 2022:
- China (92.7K tons)
- Germany (2.3K tons)
Sulphates; of Magnesium Exports in Indonesia
In 2022, exports of sulphates; of magnesia from Indonesia surged to 352 tons, increasing by 67% compared with the year before. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 123% against the previous year. As a result, the exports reached the peak of 363 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, sulphates; of magnesium exports skyrocketed to $76K in 2022. In general, exports posted a strong expansion.
| Export of Sulphates; of Magnesium in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 54.5 | 18.8 | 12.9 | 57.7 | 1.9% |
| Singapore | 0.1 | N/A | 2.9 | 13.7 | 415.5% |
| Malaysia | 3.0 | 1.2 | 0.9 | 4.5 | 14.5% |
| Thailand | N/A | 8.2 | N/A | N/A | 0% |
| Germany | N/A | 46.2 | 12.1 | N/A | -73.8% |
| Others | 3.8 | 36.7 | 12.1 | N/A | 78.4% |
| Total | 61.4 | 111 | 40.8 | 75.9 | 7.3% |
Top Export Markets for Sulphates; of Magnesium from Indonesia in 2022:
- Myanmar (180.3 tons)
- Malaysia (97.0 tons)
- Singapore (75.0 tons)
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