Price for Silicates; Commercial Alkali Metal Silicates in China - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in China (FOB) - 2023
- Price for Silicates; Commercial Alkali Metal Silicates in China (CIF) - 2022
- Exports of Silicates; Commercial Alkali Metal Silicates in China
- Imports of Silicates; Commercial Alkali Metal Silicates in China
Price for Silicates; Commercial Alkali Metal Silicates in China (FOB) - 2023
The average export price for silicates; commercial alkali metal silicateses stood at $421 per ton in September 2023, jumping by 17% against the previous month. Over the period under review, the export price, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in March 2023 an increase of 28% m-o-m. As a result, the export price attained the peak level of $663 per ton. From April 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($1,366 per ton), while the average price for exports to Guatemala ($279 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Silicates; Commercial Alkali Metal Silicates in China (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $2,160 per ton, remaining constant against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 an increase of 32%. Over the period under review, average import prices reached the peak figure at $3,487 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 the United States ($5,290 per ton), while the price for Malaysia ($435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silicates; Commercial Alkali Metal Silicates in China
In 2022, approx. 407K tons of silicates; commercial alkali metal silicateses were exported from China; rising by 6.7% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicates; commercial alkali metal silicates exports skyrocketed to $223M in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silicates; Commercial Alkali Metal Silicates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 31.4 | 23.9 | 34.2 | 44.0 | 11.9% |
| Japan | 22.4 | 16.9 | 21.4 | 26.5 | 5.8% |
| Indonesia | 10.0 | 12.7 | 13.6 | 16.1 | 17.2% |
| Saudi Arabia | 0.8 | 1.2 | 3.5 | 11.7 | 144.5% |
| Russia | 1.9 | 1.7 | 4.3 | 8.7 | 66.1% |
| United States | 1.9 | 0.9 | 1.0 | 8.1 | 62.1% |
| Guatemala | 3.0 | 4.2 | 2.7 | 6.0 | 26.0% |
| Nigeria | 0.8 | 0.4 | N/A | 4.6 | 79.2% |
| Brazil | 0.5 | 0.3 | 0.3 | 4.2 | 103.3% |
| Canada | 1.5 | 1.2 | 0.9 | 3.3 | 30.1% |
| Thailand | 4.7 | 1.9 | 1.3 | 3.1 | -13.0% |
| Angola | 0.1 | 0.8 | 0.1 | 2.7 | 200.0% |
| Bangladesh | 1.7 | 1.4 | 1.1 | 2.6 | 15.2% |
| Others | 48.2 | 51.3 | 71.0 | 81.2 | 19.0% |
| Total | 129 | 119 | 156 | 223 | 20.0% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from China in 2022:
- South Korea (114.3K tons)
- Japan (58.3K tons)
- Indonesia (24.3K tons)
- Guatemala (14.6K tons)
- Nigeria (13.2K tons)
- United States (10.1K tons)
- Saudi Arabia (8.2K tons)
- Russia (6.8K tons)
- Thailand (6.2K tons)
- Brazil (5.9K tons)
- Angola (5.7K tons)
- Canada (5.5K tons)
- Bangladesh (5.5K tons)
Imports of Silicates; Commercial Alkali Metal Silicates in China
In 2022, imports of silicates; commercial alkali metal silicateses into China rose notably to 12K tons, with an increase of 15% on the previous year. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.2% 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 +65.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, silicates; commercial alkali metal silicates imports soared to $25M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +62.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Silicates; Commercial Alkali Metal Silicates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.2 | 2.9 | 4.9 | 5.4 | 19.1% |
| Japan | 3.2 | 2.9 | 3.9 | 4.1 | 8.6% |
| Belgium | 2.3 | 2.0 | 3.4 | 2.9 | 8.0% |
| Netherlands | 2.7 | 2.5 | 2.1 | 2.3 | -5.2% |
| France | 0.4 | 0.7 | 1.0 | 2.3 | 79.2% |
| South Korea | 1.3 | 1.1 | 1.8 | 2.3 | 20.9% |
| United Kingdom | 0.8 | 0.7 | 1.0 | 1.2 | 14.5% |
| Malaysia | 0.1 | 0.3 | 0.9 | 0.9 | 108.0% |
| Germany | 1.0 | 1.0 | 0.8 | 0.6 | -15.7% |
| Taiwan (Chinese) | 1.0 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 1.4 | 2.2 | 3.4 | 55.7% |
| Total | 16.9 | 15.6 | 22.0 | 25.4 | 14.5% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to China in 2022:
- Netherlands (2.5K tons)
- Malaysia (2.0K tons)
- Japan (1.3K tons)
- United States (1.0K tons)
- South Korea (0.8K tons)
- Belgium (0.7K tons)
- France (0.5K tons)
- United Kingdom (0.5K tons)
- Germany (0.2K tons)
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