Price for Silicates; Commercial Alkali Metal Silicates in Azerbaijan - 2023

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates in Azerbaijan (CIF) - 2023
2. Imports of Silicates; Commercial Alkali Metal Silicates in Azerbaijan

Price for Silicates; Commercial Alkali Metal Silicates in Azerbaijan (CIF) - 2023

The average import price for silicates; commercial alkali metal silicateses stood at $485 per ton in September 2023, surging by 35% against the previous month. Overall, the import price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in July 2023 when the average import price increased by 346% against the previous month. Over the period under review, average import prices reached the peak figure at $1,475 per ton in February 2023; however, from March 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Turkey ($2,354 per ton), while the price for Iran stood at $292 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Silicates; Commercial Alkali Metal Silicates in Azerbaijan

Silicates; commercial alkali metal silicates imports into Azerbaijan stood at 1.5K tons in 2022, with an increase of 3.2% compared with 2021 figures. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 12%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, silicates; commercial alkali metal silicates imports soared to $503K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.5% 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 +73.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Azerbaijan in 2022:

1. Iran (1305.0 tons)
2. Belgium (62.1 tons)
3. Turkey (53.5 tons)
4. Saudi Arabia (48.1 tons)

Source: IndexBox Market Intelligence Platform