Price for Silicates; Commercial Alkali Metal Silicates in Ethiopia - 2022

Price for Silicates; Commercial Alkali Metal Silicates in Ethiopia (CIF) - 2022

The average import price for silicates; commercial alkali metal silicateses stood at $430 per ton in 2022, growing by 14% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 92% against the previous year. The import price peaked at $1,618 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($936 per ton), while the price for Italy ($244 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicates; Commercial Alkali Metal Silicates in Ethiopia (FOB) - 2022

The average export price for silicates; commercial alkali metal silicateses stood at $953 per ton in 2021, surging by 37% against the previous year. In general, export price indicated a significant increase from 2020 to 2021: its price increased at an average annual rate of +37.1% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Djibouti.

From 2020 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Silicates; Commercial Alkali Metal Silicates in Ethiopia

After three years of growth, purchases abroad of silicates; commercial alkali metal silicateses decreased by -48.3% to 3.3K tons in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 240% against the previous year.

In value terms, silicates; commercial alkali metal silicates imports dropped sharply to $1.4M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 159% against the previous year.

Import of Silicates; Commercial Alkali Metal Silicates in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kenya	59.1	321	1,389	640	121.2%
Egypt	69.2	706	377	234	50.1%
China	610	754	352	209	-30.0%
Pakistan	N/A	N/A	N/A	133	0%
Saudi Arabia	10.7	126	112	85.3	99.8%
Italy	15.0	55.4	63.3	45.7	45.0%
India	4.8	18.6	43.9	21.0	63.6%
Others	28.2	86.1	86.3	57.7	27.0%
Total	797	2,067	2,423	1,424	21.3%

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

Kenya (1265.3 tons)
Egypt (826.0 tons)
Pakistan (475.9 tons)
Saudi Arabia (244.7 tons)
China (222.9 tons)
Italy (187.5 tons)
India (71.1 tons)

Exports of Silicates; Commercial Alkali Metal Silicates in Ethiopia

In 2021, exports of silicates; commercial alkali metal silicateses from Ethiopia surged to 1.1 tons, picking up by 450% against the previous year. In general, exports saw significant growth. 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 $1K in 2021. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.