Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa - 2023
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa (CIF) - 2023
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa (CIF) - 2023
In May 2023, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $243 per ton, rising by 54% against the previous month. Overall, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in January 2023 an increase of 268% month-to-month. The import price peaked at $4,026 per ton in February 2023; however, from March 2023 to May 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From May 2022 to May 2023, the rate of growth in terms of prices for Germany amounted to -1.8% per month.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa (FOB) - 2022
The average export price for kieserite, epsomite (natural magnesium sulphates)s stood at $679 per ton in 2022, picking up by 9.1% against the previous year. Over the period under review, the export price enjoyed a modest expansion. The most prominent rate of growth was recorded in 2020 an increase of 67% against the previous year. As a result, the export price attained the peak level of $1,201 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($2,600 per ton), while the average price for exports to Mozambique ($314 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 Democratic Republic of the Congo (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa
After three years of growth, overseas purchases of kieserite, epsomite (natural magnesium sulphates)s decreased by -0.4% to 4.2K tons in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. As a result, imports reached the peak of 4.2K tons, leveling off in the following year.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports surged to $1.3M in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 144%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 399 | 434 | 1,015 | 1,304 | 48.4% |
| China | 48.1 | 12.5 | 72.0 | N/A | 22.3% |
| Others | 8.6 | N/A | 1.7 | N/A | -55.5% |
| Total | 456 | 447 | 1,089 | 1,304 | 41.9% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to South Africa in 2022:
- China (undefinedK tons)
- Germany (4.2K tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa
In 2022, kieserite, epsomite (natural magnesium sulphates) exports from South Africa contracted notably to 104 tons, which is down by -38.2% compared with 2021. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 441%.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports fell significantly to $71K in 2022. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 180% against the previous year.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 161 | 1.9 | 42.4 | 49.9 | -32.3% |
| Namibia | 41.7 | 26.6 | 16.8 | 8.9 | -40.2% |
| Botswana | 15.6 | 0.4 | 1.3 | 3.1 | -41.6% |
| Mauritius | N/A | N/A | N/A | 2.5 | 0% |
| Zimbabwe | 29.7 | 1.1 | 4.8 | 1.2 | -65.7% |
| Mozambique | 0.8 | 0.6 | 0.4 | 0.9 | 4.0% |
| Others | 30.0 | 6.8 | 39.3 | 4.3 | -47.7% |
| Total | 278 | 37.5 | 105 | 70.8 | -36.6% |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from South Africa in 2022:
- Zambia (81.7 tons)
- Namibia (7.0 tons)
- Botswana (4.3 tons)
- Mauritius (4.0 tons)
- Mozambique (2.9 tons)
- Zimbabwe (1.7 tons)
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