Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand - 2023
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand (CIF) - 2022
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand (FOB) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand
- Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand (CIF) - 2022
The average import price for kieserite, epsomite (natural magnesium sulphates)s stood at $260 per ton in 2022, surging by 51% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, kieserite, epsomite (natural magnesium sulphates) import price increased by +77.7% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($977 per ton), while the price for China ($216 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand (FOB) - 2022
In 2021, the average export price for kieserite, epsomite (natural magnesium sulphates)s amounted to $760 per ton, growing by 73% against the previous year. In general, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Cambodia.
From 2012 to 2021, the rate of growth in terms of prices for Cambodia amounted to +11.1% per year.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of kieserite, epsomite (natural magnesium sulphates)s, when their volume decreased by -38.7% to 6.3K tons. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 156%. As a result, imports attained the peak of 10K tons, and then contracted sharply in the following year.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports dropped to $1.7M in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 202% against the previous year. As a result, imports reached the peak of $1.8M, and then declined in the following year.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 173 | 321 | 1,595 | 996 | 79.2% |
| Germany | 397 | 269 | 187 | 628 | 16.5% |
| Others | 0.2 | 0.1 | N/A | 26.5 | 409.8% |
| Total | 570 | 591 | 1,782 | 1,650 | 42.5% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to Thailand in 2022:
- China (4.6K tons)
- Germany (1.7K tons)
Exports of Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand
In 2021, the amount of kieserite, epsomite (natural magnesium sulphates)s exported from Thailand declined rapidly to 25 kg, falling by -99.8% compared with 2020. Over the period under review, exports faced a sharp contraction. The smallest decline of -51.9% was in 2020.
In value terms, kieserite, epsomite (natural magnesium sulphates) exports fell dramatically to $19 in 2021. Overall, exports faced a precipitous curtailment. The smallest decline of -27.1% was in 2020.
| Export of Kieserite, Epsomite (Natural Magnesium Sulphates) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Cambodia | N/A | N/A | N/A | 0% | |
| Lao People's Democratic Republic | 4.8 | N/A | N/A | 0% | |
| Maldives | 2.1 | 5.0 | N/A | 138.1% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 6.8 | 5.0 | N/A | -26.5% | |
Top Export Markets for Kieserite, Epsomite (Natural Magnesium Sulphates) from Thailand in 2022:
- Cambodia (25.0 kg)
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