Price for Hydroxide and Peroxide of Magnesium in China - 2023

Price for Hydroxide and Peroxide of Magnesium in China (CIF) - 2023

In September 2023, the average import price for hydroxide and peroxide of magnesia amounted to $1,159 per ton, surging by 5.6% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 176% m-o-m. The import price peaked at $1,434 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Russia ($1,545 per ton), while the price for the Netherlands ($496 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+36.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydroxide and Peroxide of Magnesium in China (FOB) - 2023

The average export price for hydroxide and peroxide of magnesia stood at $697 per ton in September 2023, increasing by 12% against the previous month. Over the period under review, the export price, however, saw a mild descent. The growth pace was the most rapid in January 2023 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices attained the maximum at $939 per ton in October 2022; however, from November 2022 to September 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($943 per ton), while the average price for exports to Malaysia ($282 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide and Peroxide of Magnesium in China

In 2022, after two years of decline, there was significant growth in purchases abroad of hydroxide and peroxide of magnesia, when their volume increased by 56% to 21K tons. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydroxide and peroxide of magnesium imports skyrocketed to $26M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Hydroxide and Peroxide of Magnesium in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	9.4	15.0	13.6	20.9	30.5%
Netherlands	0.6	1.3	1.3	1.8	44.2%
Japan	2.1	2.0	1.2	1.2	-17.0%
Austria	0.8	1.5	2.3	0.9	4.0%
Mexico	N/A	N/A	0.1	0.8	700.0%
Italy	0.2	0.1	0.1	0.2	0.0%
Democratic People's Republic of Korea	0.6	N/A	N/A	N/A	0%
Others	0.8	0.5	0.3	0.5	-14.5%
Total	14.5	20.3	18.9	26.3	22.0%

Top Suppliers of Hydroxide and Peroxide of Magnesium to China in 2022:

Russia (13.9K tons)
Netherlands (4.1K tons)
Japan (0.7K tons)
Italy (0.6K tons)
Mexico (0.6K tons)
Austria (0.4K tons)

Exports of Hydroxide and Peroxide of Magnesium in China

In 2022, the amount of hydroxide and peroxide of magnesia exported from China soared to 20K tons, increasing by 28% compared with the year before. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.

In value terms, hydroxide and peroxide of magnesium exports soared to $16M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Hydroxide and Peroxide of Magnesium in China (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	7,322	4,200	3,242	3,408	-22.5%
Netherlands	705	572	478	1,897	39.1%
Sweden	N/A	N/A	19.0	1,686	8773.7%
Japan	739	1,573	2,302	1,536	27.6%
United Arab Emirates	1,106	395	289	1,112	0.2%
Vietnam	681	1,473	933	856	7.9%
Turkey	760	594	114	674	-3.9%
United Kingdom	227	474	327	562	35.3%
Germany	125	334	274	520	60.8%
Panama	183	289	229	499	39.7%
Malta	N/A	204	260	471	51.9%
Liberia	10.8	171	468	350	218.8%
Portugal	N/A	111	N/A	214	38.8%
Others	2,357	2,596	2,247	2,441	1.2%
Total	14,216	12,985	11,183	16,225	4.5%