Sulphates; of Magnesium Price in Brazil - 2023
Contents:
- Sulphates; of Magnesium Price in Brazil (CIF) - 2022
- Sulphates; of Magnesium Price in Brazil (FOB) - 2022
- Sulphates; of Magnesium Imports in Brazil
- Sulphates; of Magnesium Exports in Brazil
Sulphates; of Magnesium Price in Brazil (CIF) - 2022
The average sulphates; of magnesium import price stood at $516 per ton in 2022, growing by 23% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 28%. The import price peaked at $927 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($984 per ton), while the price for China stood at $444 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.3%).
Sulphates; of Magnesium Price in Brazil (FOB) - 2022
In 2022, the average sulphates; of magnesium export price amounted to $760 per ton, jumping by 23% against the previous year. Overall, the export price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of 36% against the previous year. As a result, the export price attained the peak level of $1,027 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($1,588 per ton), while the average price for exports to Argentina ($335 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 Angola (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Magnesium Imports in Brazil
In 2022, approx. 15K tons of sulphates; of magnesia were imported into Brazil; jumping by 109% against the previous year. Over the period under review, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of magnesium imports soared to $7.8M in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; of Magnesium in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.5 | 1.6 | 2.4 | 6.0 | 33.9% |
| Germany | 0.3 | 0.2 | 0.4 | 1.3 | 63.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Total | 3.1 | 2.0 | 3.0 | 7.8 | 36.0% |
Top Suppliers of Sulphates; of Magnesium to Brazil in 2022:
- China (13.6K tons)
- Germany (1.4K tons)
Sulphates; of Magnesium Exports in Brazil
In 2022, shipments abroad of sulphates; of magnesia decreased by -6.7% to 704 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 91% against the previous year. As a result, the exports attained the peak of 809 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, sulphates; of magnesium exports soared to $535K in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 87% against the previous year. As a result, the exports reached the peak of $584K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Sulphates; of Magnesium in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 19.3 | 126 | 66.8 | 99.5 | 72.8% |
| Paraguay | 25.3 | 23.1 | 73.2 | 96.7 | 56.4% |
| Uruguay | 1.6 | 20.4 | 41.9 | 83.0 | 273.0% |
| Angola | N/A | N/A | N/A | 74.6 | 0% |
| Argentina | 3.5 | 25.1 | 17.6 | 50.5 | 143.4% |
| United States | 68.6 | 62.1 | 77.9 | 48.1 | -11.2% |
| Mexico | 151 | 175 | 150 | 34.5 | -38.9% |
| Bolivia | N/A | 8.6 | 27.7 | 29.9 | 86.5% |
| Colombia | 43.3 | 143 | N/A | N/A | 230.3% |
| Others | 1.0 | 0.9 | 10.5 | 18.3 | 163.5% |
| Total | 313 | 584 | 465 | 535 | 19.6% |
Top Export Markets for Sulphates; of Magnesium from Brazil in 2022:
- Paraguay (173.8 tons)
- Argentina (150.7 tons)
- Uruguay (109.0 tons)
- Chile (95.3 tons)
- Bolivia (55.3 tons)
- Angola (47.0 tons)
- United States (37.0 tons)
- Mexico (23.4 tons)
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