Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore - 2023
Contents:
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore (CIF) - 2022
- Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore (FOB) - 2022
- Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore
- Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore (CIF) - 2022
The average import price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $37,341 per ton in 2022, picking up by 23% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 126%. Over the period under review, average import prices hit record highs at $116,745 per ton in 2019; however, from 2020 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 the United States ($111,000 per ton), while the price for Austria stood at $35,878 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore (FOB) - 2022
The average export price for magnesium; raspings, turnings and granules, graded according to size, powderses stood at $38,000 per ton in 2022, shrinking by -58.8% against the previous year. In general, the export price, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2016 an increase of 59% against the previous year. Over the period under review, the average export prices reached the peak figure at $92,333 per ton in 2021, and then dropped markedly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($44,000 per ton), while the average price for exports to Vietnam amounted to $26,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore
In 2022, supplies from abroad of magnesium; raspings, turnings and granules, graded according to size, powderses decreased by -44.8% to 574 kg, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 551% against the previous year. As a result, imports reached the peak of 1.9 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of magnesium; raspings, turnings and granules, graded according to size, powderses fell rapidly to $21K in 2022. Over the period under review, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 0.1% against the previous year. As a result, imports attained the peak of $34K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 1.1 | 23.1 | 28.9 | 20.3 | 164.3% |
| United States | 27.4 | 0.6 | 0.6 | 0.3 | -77.8% |
| Japan | N/A | 6.9 | 1.4 | N/A | -79.7% |
| China | 1.9 | 3.5 | N/A | N/A | 84.2% |
| Others | 4.0 | 0.3 | 0.6 | 0.8 | -41.5% |
| Total | 34.3 | 34.4 | 31.5 | 21.4 | -14.6% |
Top Suppliers of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders to Singapore in 2022:
- Austria (565.0 kg)
- United States (3.0 kg)
Exports of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore
For the third year in a row, Singapore recorded decline in shipments abroad of magnesium; raspings, turnings and granules, graded according to size, powderses, which decreased by 0% to 3 kg in 2022. In general, exports recorded a sharp contraction. The smallest decline of -83.3% was in 2021.
In value terms, exports of magnesium; raspings, turnings and granules, graded according to size, powderses dropped notably to $114 in 2022. Overall, exports faced a sharp contraction.
| Export of Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.4 | 0.6 | 0.1 | 0.1 | -37.0% |
| Vietnam | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
| Indonesia | 4.4 | 0.1 | N/A | N/A | -97.7% |
| Turkey | 17.8 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 0.3 | N/A | N/A | -83.3% |
| Total | 24.7 | 1.1 | 0.3 | 0.1 | -84.1% |
Top Export Markets for Magnesium; Raspings, Turnings and Granules, Graded According To Size, Powders from Singapore in 2022:
- Thailand (2.0 kg)
- Vietnam (1.0 kg)
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