Sulphates; of Magnesium Price in Bulgaria - 2023
Contents:
- Sulphates; of Magnesium Price in Bulgaria (CIF) - 2022
- Sulphates; of Magnesium Price in Bulgaria (FOB) - 2022
- Sulphates; of Magnesium Imports in Bulgaria
- Sulphates; of Magnesium Exports in Bulgaria
Sulphates; of Magnesium Price in Bulgaria (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $594 per ton, waning by -4.7% against the previous year. Over the period under review, the import price, however, showed a tangible expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 65%. Over the period under review, average import prices attained the maximum at $624 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,840 per ton), while the price for Spain ($227 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Magnesium Price in Bulgaria (FOB) - 2022
The average sulphates; of magnesium export price stood at $429 per ton in 2022, approximately reflecting the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 130% against the previous year. As a result, the export price attained the peak level of $731 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($461 per ton), while the average price for exports to Romania totaled $423 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.7%).
Sulphates; of Magnesium Imports in Bulgaria
Sulphates; of magnesium imports into Bulgaria stood at 1.6K tons in 2022, growing by 2.6% on the year before. The total import volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 37% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, sulphates; of magnesium imports shrank slightly to $955K in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 119%.
| Import of Sulphates; of Magnesium in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 94.1 | 516 | 424 | 421 | 64.8% |
| Spain | 36.8 | 24.3 | 0.5 | 168 | 65.9% |
| France | 66.3 | N/A | N/A | 108 | 17.7% |
| India | 4.9 | 42.2 | 63.6 | 49.2 | 115.7% |
| Turkey | 51.9 | 69.0 | 254 | 41.7 | -7.0% |
| Poland | 21.6 | 57.6 | 46.2 | 39.6 | 22.4% |
| China | 28.7 | 33.6 | 22.2 | 33.0 | 4.8% |
| Greece | 103 | 130 | 52.4 | 11.6 | -51.7% |
| Others | 18.3 | 60.1 | 114 | 83.7 | 66.0% |
| Total | 426 | 933 | 977 | 955 | 30.9% |
Top Suppliers of Sulphates; of Magnesium to Bulgaria in 2022:
- Spain (739.5 tons)
- Germany (256.5 tons)
- India (181.8 tons)
- Turkey (101.1 tons)
- China (74.6 tons)
- Poland (63.3 tons)
- France (58.6 tons)
- Greece (15.8 tons)
Sulphates; of Magnesium Exports in Bulgaria
In 2022, after three years of growth, there was significant decline in shipments abroad of sulphates; of magnesia, when their volume decreased by -48% to 124 tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 4,683% against the previous year. As a result, the exports reached the peak of 239 tons, and then shrank markedly in the following year.
In value terms, sulphates; of magnesium exports fell notably to $53K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,723%. As a result, the exports reached the peak of $103K, and then fell remarkably in the following year.
| Export of Sulphates; of Magnesium in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.1 | N/A | 98.7 | 50.4 | 695.8% |
| Netherlands | 0.2 | N/A | N/A | 1.1 | 76.5% |
| Slovenia | N/A | N/A | 2.1 | N/A | 0% |
| Others | 0.4 | 3.6 | 2.2 | 1.8 | 65.1% |
| Total | 0.6 | 3.6 | 103 | 53.3 | 346.2% |
Top Export Markets for Sulphates; of Magnesium from Bulgaria in 2022:
- Romania (119.2 tons)
- Netherlands (2.3 tons)
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