Price for Hydroxide and Peroxide of Magnesium in Mexico - 2023

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in Mexico (CIF) - 2023
  2. Price for Hydroxide and Peroxide of Magnesium in Mexico (FOB) - 2022
  3. Imports of Hydroxide and Peroxide of Magnesium in Mexico
  4. Exports of Hydroxide and Peroxide of Magnesium in Mexico

Price for Hydroxide and Peroxide of Magnesium in Mexico (CIF) - 2023

In June 2023, the average import price for hydroxide and peroxide of magnesia amounted to $1,623 per ton, leveling off at the previous month. In general, the import price saw a deep downturn. As a result, import price attained the peak level of $7,779 per ton. From July 2022 to June 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for Israel amounted to 0.0% per month.

Price for Hydroxide and Peroxide of Magnesium in Mexico (FOB) - 2022

The average export price for hydroxide and peroxide of magnesia stood at $997 per ton in 2022, picking up by 3.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 9.1%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +2.4% per year.

Imports of Hydroxide and Peroxide of Magnesium in Mexico

In 2022, the amount of hydroxide and peroxide of magnesia imported into Mexico plummeted to 197 tons, with a decrease of -31.3% against 2021. In general, imports faced a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 9.2% against the previous year.

In value terms, hydroxide and peroxide of magnesium imports reduced markedly to $429K in 2022. Over the period under review, imports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year.

Import of Hydroxide and Peroxide of Magnesium in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Israel40124048.74292.3%
AustriaN/A179N/AN/A0%
United States1,190N/A498N/A-35.3%
India341N/AN/AN/A0%
Others77.0N/AN/AN/A0%
Total2,008418547429-40.2%

Top Suppliers of Hydroxide and Peroxide of Magnesium to Mexico in 2022:

  1. Israel (196.9 tons)

Exports of Hydroxide and Peroxide of Magnesium in Mexico

After three years of growth, shipments abroad of hydroxide and peroxide of magnesia decreased by -96.1% to 532 tons in 2022. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9.1% against the previous year. As a result, the exports attained the peak of 14K tons, and then fell significantly in the following year.

In value terms, hydroxide and peroxide of magnesium exports fell notably to $530K in 2022. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 12%. As a result, the exports attained the peak of $13M, and then contracted rapidly in the following year.

Export of Hydroxide and Peroxide of Magnesium in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.75.53.80.5-55.6%
Spain0.60.50.3N/A-29.3%
Germany2.02.51.9N/A-2.5%
Austria0.80.9N/AN/A12.5%
United Kingdom1.10.90.7N/A-20.2%
Italy0.71.11.5N/A46.4%
Others0.40.24.9N/A250.0%
Total11.311.713.10.5-64.6%

Top Export Markets for Hydroxide and Peroxide of Magnesium from Mexico in 2022:

  1. United States (531.9 tons)

Source: IndexBox Market Intelligence Platform

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