Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the Philippines - 2022
Contents:
- Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the Philippines (CIF) - 2022
- Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in the Philippines
Price for Kieserite, Epsomite (Natural Magnesium Sulphates) in the Philippines (CIF) - 2022
In 2022, the average import price for kieserite, epsomite (natural magnesium sulphates)s amounted to $620 per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $621 per ton in 2021, and then reduced modestly in the following year.
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 the United States ($2,208 per ton), while the price for Germany ($593 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Kieserite, Epsomite (Natural Magnesium Sulphates) in the Philippines
After two years of decline, purchases abroad of kieserite, epsomite (natural magnesium sulphates)s decreased by -50% to 1.5 tons in 2022. Over the period under review, imports continue to indicate a abrupt descent.
In value terms, kieserite, epsomite (natural magnesium sulphates) imports declined dramatically to $915 in 2022. Overall, imports, however, showed a buoyant increase.
| Import of Kieserite, Epsomite (Natural Magnesium Sulphates) in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 548 | N/A | 1,551 | 857 | 16.1% |
| United States | 39.0 | N/A | 67.0 | 53.0 | 10.8% |
| Taiwan (Chinese) | N/A | N/A | 203 | N/A | 0% |
| Others | 13.0 | N/A | 11.0 | 5.0 | -27.3% |
| Total | 600 | N/A | 1,832 | 915 | 15.1% |
Top Suppliers of Kieserite, Epsomite (Natural Magnesium Sulphates) to the Philippines in 2022:
- Germany (1445.0 kg)
- United States (24.0 kg)
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