Price for Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR (CIF) - 2023
- Price for Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR
- Exports of Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR
Price for Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR (CIF) - 2023
In September 2023, the average import price for silicates; commercial alkali metal silicateses amounted to $227 per ton, with an increase of 43% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $244 per ton in November 2022; however, from December 2022 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 Indonesia ($319 per ton), while the price for China amounted to $206 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.3%).
Price for Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR (FOB) - 2022
The average export price for silicates; commercial alkali metal silicateses stood at $2,053 per ton in 2022, declining by -14.6% against the previous year. Overall, the export price showed a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of 74%. The export price peaked at $4,805 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,548 per ton), while the average price for exports to Taiwan (Chinese) ($958 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 Singapore (+751.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR
After three years of growth, supplies from abroad of silicates; commercial alkali metal silicateses decreased by -52.2% to 6.3K tons in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 35%.
In value terms, silicates; commercial alkali metal silicates imports contracted remarkably to $1.4M in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year.
| Import of Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 2.2 | 2.7 | 1.2 | -11.0% |
| Indonesia | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 1.8 | 2.5 | 2.8 | 1.4 | -8.0% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Hong Kong SAR in 2022:
- China (5.8K tons)
- Indonesia (0.5K tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR
In 2022, shipments abroad of silicates; commercial alkali metal silicateses decreased by -17.8% to 76 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 71%. As a result, the exports attained the peak of 186 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, silicates; commercial alkali metal silicates exports shrank notably to $156K in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. As a result, the exports reached the peak of $256K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Silicates; Commercial Alkali Metal Silicates in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 174 | 151 | 190 | 129 | -9.5% |
| United States | 41.0 | 35.7 | 24.6 | 17.1 | -25.3% |
| Taiwan (Chinese) | N/A | 6.8 | N/A | 8.6 | 12.5% |
| Thailand | 8.4 | 6.1 | N/A | 1.9 | -39.1% |
| Macao SAR | N/A | 50.4 | 0.2 | N/A | -99.6% |
| Others | N/A | 6.3 | 7.9 | N/A | 25.4% |
| Total | 223 | 256 | 223 | 156 | -11.2% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Hong Kong SAR in 2022:
- China (50.5 tons)
- United States (15.0 tons)
- Taiwan (Chinese) (9.0 tons)
- Thailand (1.6 tons)
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