Price for Silicates; Commercial Alkali Metal Silicates in Australia - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Australia (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in Australia (FOB) - 2023
- Imports of Silicates; Commercial Alkali Metal Silicates in Australia
- Exports of Silicates; Commercial Alkali Metal Silicates in Australia
Price for Silicates; Commercial Alkali Metal Silicates in Australia (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $1,425 per ton, rising by 49% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicates; commercial alkali metal silicates import price increased by +56.5% against 2020 indices. As a result, import price attained 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 the United States ($4,504 per ton), while the price for New Zealand ($375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; Commercial Alkali Metal Silicates in Australia (FOB) - 2023
The average export price for silicates; commercial alkali metal silicateses stood at $949 per ton in September 2023, dropping by -78.1% against the previous month. Over the period under review, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in August 2023 an increase of 311% m-o-m. Over the period under review, the average export prices attained the peak figure at $5,232 per ton in March 2023; however, from April 2023 to September 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From September 2022 to September 2023, the rate of growth in terms of prices for Papua New Guinea amounted to +7.5% per month.
Imports of Silicates; Commercial Alkali Metal Silicates in Australia
Silicates; commercial alkali metal silicates imports into Australia rose remarkably to 5.7K tons in 2022, picking up by 9% against 2021. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, silicates; commercial alkali metal silicates imports soared to $8.2M in 2022. Over the period under review, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,528 | 725 | 1,567 | 1,970 | 8.8% |
| France | N/A | 129 | 466 | 1,654 | 258.1% |
| Malaysia | N/A | 94.0 | 536 | 1,130 | 246.7% |
| United States | 1,307 | 714 | 673 | 1,016 | -8.1% |
| Netherlands | 649 | 599 | 811 | 753 | 5.1% |
| India | 305 | 85.4 | 92.5 | 381 | 7.7% |
| United Kingdom | 24.1 | 42.7 | 193 | 203 | 103.5% |
| Others | 1,052 | 795 | 705 | 1,063 | 0.3% |
| Total | 4,864 | 3,184 | 5,043 | 8,170 | 18.9% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Australia in 2022:
- China (1951.4 tons)
- Malaysia (1501.3 tons)
- Netherlands (607.7 tons)
- France (586.2 tons)
- India (447.1 tons)
- United States (225.6 tons)
- United Kingdom (89.4 tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Australia
In 2022, exports of silicates; commercial alkali metal silicateses from Australia soared to 1.3K tons, increasing by 20% on the previous year. Over the period under review, exports, however, continue to indicate a sharp decrease.
In value terms, silicates; commercial alkali metal silicates exports dropped remarkably to $1.4M in 2022. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 58%. As a result, the exports attained the peak of $2.1M, and then dropped significantly in the following year.
| Export of Silicates; Commercial Alkali Metal Silicates in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,174 | 474 | 617 | 821 | -11.2% |
| Papua New Guinea | 240 | 227 | 24.7 | 91.3 | -27.5% |
| India | N/A | N/A | 41.0 | 43.3 | 5.6% |
| Singapore | 6.8 | 3.0 | 8.9 | 37.2 | 76.2% |
| Others | 367 | 616 | 1,396 | 428 | 5.3% |
| Total | 1,787 | 1,320 | 2,088 | 1,420 | -7.4% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Australia in 2022:
- New Zealand (1163.4 tons)
- Papua New Guinea (36.4 tons)
- India (24.8 tons)
- Singapore (23.9 tons)
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