Chlorides; of Magnesium Price in Saudi Arabia - 2021
Contents:
- Chlorides; of Magnesium Price in Saudi Arabia (CIF) - 2022
- Chlorides; of Magnesium Price in Saudi Arabia (FOB) - 2022
- Chlorides; of Magnesium Imports in Saudi Arabia
- Chlorides; of Magnesium Exports in Saudi Arabia
Chlorides; of Magnesium Price in Saudi Arabia (CIF) - 2022
The average chlorides; of magnesium import price stood at $1,444 per ton in 2022, shrinking by -55.1% against the previous year. In general, the import price, however, posted a strong expansion. The growth pace was the most rapid in 2017 when the average import price increased by 73% against the previous year. Over the period under review, average import prices hit record highs at $3,216 per ton in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($6,984 per ton), while the price for China ($241 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Chlorides; of Magnesium Price in Saudi Arabia (FOB) - 2022
In 2021, the average chlorides; of magnesium export price amounted to $867 per ton, reducing by -7.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 9.1%. The export price peaked at $941 per ton in 2020, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for Kuwait.
From 2012 to 2021, the rate of growth in terms of prices for Kuwait amounted to +190.9% per year.
Chlorides; of Magnesium Imports in Saudi Arabia
In 2022, chlorides; of magnesium imports into Saudi Arabia soared to 10K tons, with an increase of 81% compared with 2021 figures. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chlorides; of magnesium imports dropped rapidly to $15M in 2022. Overall, total imports indicated resilient growth from 2020 to 2022: its value increased at an average annual rate of +13.9% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $18M, and then contracted sharply in the following year.
| Import of Chlorides; of Magnesium in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Japan | N/A | N/A | 6.0 | 0% | |
| Belgium | N/A | N/A | 3.0 | 0% | |
| India | 0.4 | 0.4 | 1.6 | 100.0% | |
| China | 0.3 | N/A | 1.1 | 91.5% | |
| Czech Republic | N/A | N/A | 0.5 | 0% | |
| Netherlands | N/A | N/A | 0.4 | 0% | |
| Others | 10.9 | 18.0 | 2.4 | -53.1% | |
| Total | 11.5 | 18.4 | 15.0 | 14.2% | |
Top Suppliers of Chlorides; of Magnesium to Saudi Arabia in 2022:
- China (4.5K tons)
- India (2.6K tons)
- Japan (1.1K tons)
- Netherlands (0.8K tons)
- Belgium (0.4K tons)
- Czech Republic (0.2K tons)
Chlorides; of Magnesium Exports in Saudi Arabia
In 2021, the amount of chlorides; of magnesia exported from Saudi Arabia contracted sharply to 140 tons, reducing by -17.6% compared with 2020 figures. In general, exports continue to indicate a deep downturn.
In value terms, chlorides; of magnesium exports declined markedly to $121K in 2021. Overall, exports recorded a precipitous shrinkage.
| Export of Chlorides; of Magnesium in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Kuwait | 5.9 | 121 | 1950.8% | ||
| Iraq | 19.7 | N/A | 0% | ||
| United Arab Emirates | 134 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 159 | 121 | -23.9% | ||
Top Export Markets for Chlorides; of Magnesium from Saudi Arabia in 2022:
- Kuwait (139.6 tons)
341
This report provides an in-depth analysis of the chlorides market in Saudi Arabia.
405
This report provides an in-depth analysis of the ammonium chloride market in Saudi Arabia.
387
This report provides an in-depth analysis of the market for bromides, iodides and oxids thereof in Saudi Arabia.
391
This report provides an in-depth analysis of the market for chloride oxides of metal in Saudi Arabia.
460
This report provides an in-depth analysis of the global chlorides market.
849
This report provides an in-depth analysis of the global ammonium chloride market.
506
This report provides an in-depth analysis of the global market for bromides, iodides and oxids thereof.
623
This report provides an in-depth analysis of the global market for chloride oxides of metal.
341
This report provides an in-depth analysis of the chlorides market in Saudi Arabia.
405
This report provides an in-depth analysis of the ammonium chloride market in Saudi Arabia.
1252
In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
978
In value terms, chlorides, chloride oxides and hydroxides exports amounted to $X in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total exports value increased at an averag...
1252
In value terms, chlorides, chloride oxides and hydroxides imports stood at $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however...
978
In value terms, chlorides, chloride oxides and hydroxides exports amounted to $X in 2016. Overall, it indicated a measured increase from 2007 to 2016: the total exports value increased at an averag...
