Price for Silicates; Commercial Alkali Metal Silicates in India - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in India (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in India (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in India
- Exports of Silicates; Commercial Alkali Metal Silicates in India
Price for Silicates; Commercial Alkali Metal Silicates in India (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $80 per ton, growing by 82% against the previous year. Overall, the import price, however, continues to indicate a significant decrease. Over the period under review, average import prices hit record highs at $742 per ton in 2012; however, from 2013 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 the United Arab Emirates ($503 per ton), while the price for China ($15 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-17.7%), while the prices for the other major suppliers experienced a decline.
Price for Silicates; Commercial Alkali Metal Silicates in India (FOB) - 2022
In 2022, the average export price for silicates; commercial alkali metal silicateses amounted to $488 per ton, surging by 26% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $508 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,520 per ton), while the average price for exports to Tanzania ($234 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 Tanzania (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; Commercial Alkali Metal Silicates in India
After three years of growth, overseas purchases of silicates; commercial alkali metal silicateses decreased by -53.2% to 225K tons in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year.
In value terms, silicates; commercial alkali metal silicates imports reduced to $18M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, imports attained the peak of $21M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Silicates; Commercial Alkali Metal Silicates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.7 | 4.0 | 0.2 | 9.9 | 79.9% |
| China | 4.2 | 4.7 | 5.4 | 2.0 | -21.9% |
| United States | 1.2 | 1.6 | 2.3 | 1.3 | 2.7% |
| Belgium | 1.3 | 2.4 | 3.7 | 1.2 | -2.6% |
| Japan | 1.1 | 0.7 | 1.8 | 0.7 | -14.0% |
| Netherlands | 1.5 | 1.8 | 1.4 | 0.4 | -35.6% |
| Germany | 2.2 | 1.5 | 0.8 | 0.4 | -43.3% |
| Sweden | 0.3 | 0.4 | 0.7 | 0.2 | -12.6% |
| Others | 1.4 | 4.2 | 4.5 | 1.8 | 8.7% |
| Total | 14.9 | 21.4 | 21.0 | 17.9 | 6.3% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to India in 2022:
- China (138.0K tons)
- Belgium (25.0K tons)
- United Arab Emirates (19.6K tons)
- United States (13.4K tons)
- Netherlands (7.3K tons)
- Japan (5.5K tons)
- Sweden (4.1K tons)
- Germany (3.7K tons)
Exports of Silicates; Commercial Alkali Metal Silicates in India
In 2022, silicates; commercial alkali metal silicates exports from India contracted remarkably to 29K tons, with a decrease of -37.9% compared with 2021 figures. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of 46K tons, and then declined dramatically in the following year.
In value terms, silicates; commercial alkali metal silicates exports contracted dramatically to $14M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of $18M, and then dropped sharply in the following year.
| Export of Silicates; Commercial Alkali Metal Silicates in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 1,339 | 1,413 | 1,930 | 3,099 | 32.3% |
| Nepal | 1,289 | 1,424 | 1,502 | 1,744 | 10.6% |
| United States | 363 | 441 | 2,171 | 945 | 37.6% |
| Bangladesh | 1,181 | 872 | 1,239 | 850 | -10.4% |
| Sri Lanka | 335 | 447 | 604 | 705 | 28.1% |
| Qatar | 395 | 130 | 19.2 | 568 | 12.9% |
| Zambia | 4.6 | 10.0 | 193 | 521 | 383.8% |
| Myanmar | 3.2 | 207 | 611 | 328 | 368.0% |
| South Africa | 435 | 259 | 319 | 277 | -14.0% |
| South Korea | 262 | 149 | 2,821 | 247 | -1.9% |
| Ghana | 102 | 143 | 224 | 204 | 26.0% |
| Singapore | 134 | 115 | 132 | 167 | 7.6% |
| Tanzania | 275 | 191 | 75.6 | 133 | -21.5% |
| Others | 5,605 | 4,752 | 6,059 | 4,201 | -9.2% |
| Total | 11,722 | 10,554 | 17,900 | 13,988 | 6.1% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from India in 2022:
- Philippines (7.3K tons)
- Nepal (5.4K tons)
- Sri Lanka (1.9K tons)
- Qatar (1.6K tons)
- Bangladesh (1.6K tons)
- Zambia (1.3K tons)
- Myanmar (0.8K tons)
- South Africa (0.6K tons)
- United States (0.6K tons)
- Tanzania (0.6K tons)
- South Korea (0.6K tons)
- Ghana (0.5K tons)
- Singapore (0.5K tons)
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