Sulphates; of Magnesium Price in Libya - 2022
Contents:
Sulphates; of Magnesium Price in Libya (CIF) - 2022
In 2022, the average sulphates; of magnesium import price amounted to $514 per ton, jumping by 22% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 676%. As a result, import price attained the peak level of $848 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 ($734 per ton), while the price for Turkey ($176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.
Sulphates; of Magnesium Imports in Libya
In 2022, purchases abroad of sulphates; of magnesia decreased by -32% to 58 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 47% against the previous year. As a result, imports attained the peak of 91 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sulphates; of magnesium imports fell notably to $30K in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year.
| Import of Sulphates; of Magnesium in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 9.3 | 0% |
| Germany | N/A | N/A | N/A | 8.7 | 0% |
| Egypt | 3.3 | N/A | N/A | 2.7 | -6.5% |
| France | N/A | N/A | 17.7 | 0.1 | -99.4% |
| China | N/A | 2.7 | N/A | N/A | 0% |
| Netherlands | 21.3 | 10.2 | N/A | N/A | -52.1% |
| Others | 21.4 | 10.6 | 17.8 | 8.8 | -25.6% |
| Total | 46.0 | 23.6 | 35.5 | 29.6 | -13.7% |
Top Suppliers of Sulphates; of Magnesium to Libya in 2022:
- India (23.7 tons)
- Germany (11.8 tons)
- Egypt (10.0 tons)
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