Sulphates: of magnesium

In 2024, sulphates: of magnesium trade exhibited strong growth, with global flows reaching $353,154,754 and a three-year compound annual growth rate of -4.4% (five-year: +3.2%). The all-time peak of $478,451,869 was recorded in 2022; the current level is 26% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-8.3% acceleration).

The World Trade Flows Characterization classifies sulphates: of magnesium as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.245). The three largest exporters — China ($139.4M), Germany ($97.2M), and Ireland ($37.2M) — collectively dominate supply flows. The leading exporter has grown at -6.2% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.026). The three largest import markets are United States ($27.0M), Malaysia ($16.2M), and Finland ($16.1M). The largest importing market sources from 26 different supplying countries.

Estimated substitution elasticity: -8.85. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is China → Malaysia at $15.3M, representing 94.4% of the importer's total demand.

The volatility score for sulphates: of magnesium is 17 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.