Chlorides; of Magnesium Price in Latvia - 2023

Contents:

1. Chlorides; of Magnesium Price in Latvia (FOB) - 2022
2. Chlorides; of Magnesium Price in Latvia (CIF) - 2022
3. Chlorides; of Magnesium Exports in Latvia
4. Chlorides; of Magnesium Imports in Latvia

Chlorides; of Magnesium Price in Latvia (FOB) - 2022

The average chlorides; of magnesium export price stood at $555 per ton in 2022, dropping by -66.3% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 60%. Over the period under review, the average export prices attained the maximum at $2,767 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($9,868 per ton), while the average price for exports to Estonia ($480 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 Russia (+16.8%), while the prices for the other major destinations experienced mixed trend patterns.

Chlorides; of Magnesium Price in Latvia (CIF) - 2022

In 2022, the average chlorides; of magnesium import price amounted to $573 per ton, increasing by 90% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The import price peaked at $2,249 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,870 per ton), while the price for the Netherlands ($340 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Chlorides; of Magnesium Exports in Latvia

Chlorides; of magnesium exports from Latvia soared to 99 tons in 2022, growing by 5,614% on 2021. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorides; of magnesium exports surged to $55K in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,038% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Chlorides; of Magnesium from Latvia in 2022:

1. Estonia (80.0 tons)
2. Lithuania (14.5 tons)
3. Belarus (4.0 tons)

Chlorides; of Magnesium Imports in Latvia

In 2022, overseas purchases of chlorides; of magnesia decreased by -45.3% to 60 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 270%. As a result, imports attained the peak of 109 tons, and then reduced sharply in the following year.

In value terms, chlorides; of magnesium imports amounted to $34K in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 217% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Chlorides; of Magnesium to Latvia in 2022:

1. Lithuania (25.2 tons)
2. Netherlands (25.0 tons)
3. Poland (5.5 tons)
4. Germany (4.0 tons)

Source: IndexBox Market Intelligence Platform