Price for Hydroxide and Peroxide of Magnesium in New Zealand - 2023

Contents:

  1. Price for Hydroxide and Peroxide of Magnesium in New Zealand (CIF) - 2022
  2. Price for Hydroxide and Peroxide of Magnesium in New Zealand (FOB) - 2022
  3. Imports of Hydroxide and Peroxide of Magnesium in New Zealand
  4. Exports of Hydroxide and Peroxide of Magnesium in New Zealand

Price for Hydroxide and Peroxide of Magnesium in New Zealand (CIF) - 2022

In 2022, the average import price for hydroxide and peroxide of magnesia amounted to $928 per ton, with a decrease of -13.3% against the previous year. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 134% against the previous year. The import price peaked at $4,089 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,825 per ton), while the price for Australia ($567 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-4.2%), while the prices for the other major suppliers experienced a decline.

Price for Hydroxide and Peroxide of Magnesium in New Zealand (FOB) - 2022

In 2022, the average export price for hydroxide and peroxide of magnesia amounted to $5,516 per ton, shrinking by -27.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 303% against the previous year. Over the period under review, the average export prices reached the maximum at $17,313 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($48,444 per ton), while the average price for exports to Fiji ($2,157 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Samoa (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydroxide and Peroxide of Magnesium in New Zealand

In 2022, hydroxide and peroxide of magnesium imports into New Zealand soared to 357 tons, jumping by 161% compared with 2021 figures. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 226%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, hydroxide and peroxide of magnesium imports soared to $331K in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 143% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Hydroxide and Peroxide of Magnesium in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia15.536.934.3179126.0%
FranceN/AN/A7.51401766.7%
United Kingdom32.096.249.61.3-65.6%
South Korea14.726.420.2N/A17.2%
Ireland9.715.411.1N/A7.0%
Others5.312.723.710.726.4%
Total77.118814633162.5%

Top Suppliers of Hydroxide and Peroxide of Magnesium to New Zealand in 2022:

  1. Australia (315.7 tons)
  2. France (36.6 tons)
  3. United Kingdom (0.4 tons)

Exports of Hydroxide and Peroxide of Magnesium in New Zealand

In 2022, shipments abroad of hydroxide and peroxide of magnesia increased by 1,280% to 483 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a precipitous curtailment.

In value terms, hydroxide and peroxide of magnesium exports skyrocketed to $2.7K in 2022. Over the period under review, exports, however, saw a sharp contraction.

Export of Hydroxide and Peroxide of Magnesium in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom9.13.90.21.6-44.0%
Fiji3.11.00.10.9-33.8%
Vanuatu0.40.1N/A0.1-37.0%
Samoa0.60.1N/AN/A-83.3%
Australia13.9N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total27.05.10.32.7-53.6%

Top Export Markets for Hydroxide and Peroxide of Magnesium from New Zealand in 2022:

  1. Fiji (436.0 kg)
  2. United Kingdom (33.0 kg)
  3. Vanuatu (10.0 kg)
  4. Samoa (5.0 kg)

Source: IndexBox Market Intelligence Platform

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