Silicates; Sodium Metasilicates Price in South Korea - 2022
Contents:
- Silicates; Sodium Metasilicates Price in South Korea (CIF) - 2022
- Silicates; Sodium Metasilicates Price in South Korea (FOB) - 2022
- Silicates; Sodium Metasilicates Imports in South Korea
- Silicates; Sodium Metasilicates Exports in South Korea
Silicates; Sodium Metasilicates Price in South Korea (CIF) - 2022
The average silicates; sodium metasilicates import price stood at $564 per ton in 2022, increasing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. 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 Belgium ($940 per ton), while the price for China ($509 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicates; Sodium Metasilicates Price in South Korea (FOB) - 2022
The average silicates; sodium metasilicates export price stood at $2,654 per ton in 2022, growing by 352% against the previous year. Overall, the export price enjoyed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Malaysia ($18,000 per ton), while the average price for exports to Indonesia ($387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+109.5%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates; Sodium Metasilicates Imports in South Korea
In 2022, the amount of silicates; sodium metasilicateses imported into South Korea contracted to 3K tons, shrinking by -4.3% against the year before. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 39%.
In value terms, silicates; sodium metasilicates imports skyrocketed to $1.7M in 2022. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 28%.
| Import of Silicates; Sodium Metasilicates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,650 | 760 | 1,133 | 1,387 | -5.6% |
| Belgium | 215 | 261 | 190 | 169 | -7.7% |
| Netherlands | 99.5 | 52.5 | 52.8 | 87.1 | -4.3% |
| Others | 27.2 | 42.6 | 46.9 | 58.6 | 29.2% |
| Total | 1,993 | 1,116 | 1,423 | 1,702 | -5.1% |
Top Suppliers of Silicates; Sodium Metasilicates to South Korea in 2022:
- China (2727.0 tons)
- Belgium (180.0 tons)
- Netherlands (108.0 tons)
Silicates; Sodium Metasilicates Exports in South Korea
For the third year in a row, South Korea recorded decline in overseas shipments of silicates; sodium metasilicateses, which decreased by -93.8% to 266 kg in 2022. Overall, exports recorded a precipitous slump. The smallest decline of -48.2% was in 2020.
In value terms, silicates; sodium metasilicates exports shrank dramatically to $706 in 2022. Over the period under review, exports saw a precipitous decline. The smallest decline of -50.2% was in 2020.
| Export of Silicates; Sodium Metasilicates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.3 | 0% |
| Thailand | 0.1 | 0.3 | N/A | 0.2 | 26.0% |
| Indonesia | N/A | 0.6 | 0.1 | 0.1 | -59.2% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Vietnam | N/A | N/A | 1.2 | N/A | 0% |
| Zimbabwe | 12.5 | N/A | N/A | N/A | 0% |
| India | N/A | 5.3 | N/A | N/A | 0% |
| Poland | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.8 | 0.3 | 1.3 | N/A | 27.5% |
| Total | 13.4 | 6.7 | 2.5 | 0.7 | -62.6% |
Top Export Markets for Silicates; Sodium Metasilicates from South Korea in 2022:
- Indonesia (194.0 kg)
- Taiwan (Chinese) (47.0 kg)
- Thailand (18.0 kg)
- Malaysia (4.0 kg)
378
This report provides an in-depth analysis of the silicates market in Republic of Korea.
322
This report provides an in-depth analysis of the market for continuous-action elevators and conveyors in Republic of Korea.
262
This report provides an in-depth analysis of the market for roller conveyors for goods or materials in Republic of Korea.
298
This report provides an in-depth analysis of the market for elevators and conveyors other than pneumatic, belt- or bucket-type in Republic of Korea.
537
This report provides an in-depth analysis of the global silicates market.
385
This report provides an in-depth analysis of the global market for continuous-action elevators and conveyors.
312
Global Roller Conveyor Market Report 2018. This report provides an in-depth analysis of the global roller conveyor market.
264
This report provides an in-depth analysis of the global market for elevators and conveyors other than pneumatic, belt- or bucket-type.
378
This report provides an in-depth analysis of the silicates market in Republic of Korea.
537
This report provides an in-depth analysis of the global silicates market.
766
In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
851
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...
173
Explore the top import markets for continuous-action elevators and conveyors worldwide, including the United States, China, Germany, and more. Get valuable insights from IndexBox market intelligence platform.
766
In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
851
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...
