Chlorides; of Magnesium Price in Belgium - 2023

Contents:

1. Chlorides; of Magnesium Price in Belgium (FOB) - 2022
2. Chlorides; of Magnesium Price in Belgium (CIF) - 2023
3. Chlorides; of Magnesium Exports in Belgium
4. Chlorides; of Magnesium Imports in Belgium

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

In 2022, the average chlorides; of magnesium export price amounted to $785 per ton, waning by -15.8% against the previous year. Overall, the export price, however, continues to indicate temperate growth. The growth pace was the most rapid in 2017 when the average export price increased by 96%. The export price peaked at $943 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($10,504 per ton), while the average price for exports to France ($179 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 the UK (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Chlorides; of Magnesium Price in Belgium (CIF) - 2023

The average chlorides; of magnesium import price stood at $2,120 per ton in August 2023, jumping by 608% against the previous month. Over the period under review, the import price showed significant growth. The pace of growth appeared the most rapid in April 2023 an increase of 2,789% m-o-m. As a result, import price reached the peak level of $7,845 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($13,300 per ton), while the price for the Netherlands ($315 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Exports in Belgium

For the fourth consecutive year, Belgium recorded growth in shipments abroad of chlorides; of magnesia, which increased by 32% to 4.6K tons in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, chlorides; of magnesium exports rose notably to $3.6M in 2022. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 160% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Netherlands (2094.2 tons)
2. France (1969.9 tons)
3. United Kingdom (163.3 tons)
4. Ethiopia (155.1 tons)
5. Germany (143.1 tons)

Chlorides; of Magnesium Imports in Belgium

Chlorides; of magnesium imports into Belgium surged to 8.7K tons in 2022, increasing by 62% against 2021. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 84% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, chlorides; of magnesium imports skyrocketed to $1.9M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 54%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Israel (4.1K tons)
2. Germany (2.9K tons)
3. Netherlands (1.7K tons)

Source: IndexBox Market Intelligence Platform