Price for Silicates; Commercial Alkali Metal Silicates in Mexico - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Mexico (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in Mexico (FOB) - 2023
- Imports of Silicates; Commercial Alkali Metal Silicates in Mexico
- Exports of Silicates; Commercial Alkali Metal Silicates in Mexico
Price for Silicates; Commercial Alkali Metal Silicates in Mexico (CIF) - 2022
The average import price for silicates; commercial alkali metal silicateses stood at $2,052 per ton in 2022, growing by 8.7% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicates; commercial alkali metal silicates import price decreased by -29.8% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 50%. As a result, import price reached the peak level of $2,922 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($6,089 per ton), while the price for Spain ($811 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Silicates; Commercial Alkali Metal Silicates in Mexico (FOB) - 2023
In July 2023, the average export price for silicates; commercial alkali metal silicateses amounted to $2,944 per ton, standing approximately at the previous month. In general, the export price enjoyed a strong increase. Over the period under review, the average export prices reached the maximum in July 2023.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From July 2022 to July 2023, the rate of growth in terms of prices for Guatemala amounted to -0.7% per month.
Imports of Silicates; Commercial Alkali Metal Silicates in Mexico
In 2022, the amount of silicates; commercial alkali metal silicateses imported into Mexico was estimated at 6K tons, surging by 12% on 2021. In general, imports, however, saw a noticeable descent.
In value terms, silicates; commercial alkali metal silicates imports skyrocketed to $12M in 2022. Over the period under review, imports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, imports attained the peak of $20M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Silicates; Commercial Alkali Metal Silicates in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.4 | 5.3 | 7.5 | 9.8 | 15.3% |
| Belgium | 0.6 | 0.7 | 1.2 | 1.1 | 22.4% |
| Spain | 0.8 | 1.0 | 0.8 | 0.6 | -9.1% |
| China | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Japan | 0.4 | 0.3 | 0.1 | 0.3 | -9.1% |
| France | 3.3 | 11.8 | N/A | N/A | 257.6% |
| Brazil | 0.8 | 0.2 | N/A | N/A | -75.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.1 | -30.7% |
| Total | 12.9 | 19.7 | 10.0 | 12.2 | -1.8% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Mexico in 2022:
- United States (4789.3 tons)
- Spain (718.5 tons)
- Belgium (187.4 tons)
- China (106.9 tons)
- Japan (93.4 tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Mexico
In 2022, the amount of silicates; commercial alkali metal silicateses exported from Mexico surged to 6.9K tons, with an increase of 60% on the previous year. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, silicates; commercial alkali metal silicates exports soared to $3.3M in 2022. Over the period under review, exports saw 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 Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 814 | 998 | 1,435 | 2,591 | 47.1% |
| United States | 443 | 342 | 320 | 747 | 19.0% |
| Others | 61.5 | 33.5 | 2.1 | N/A | -81.5% |
| Total | 1,319 | 1,373 | 1,757 | 3,337 | 36.3% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Mexico in 2022:
- Guatemala (5.2K tons)
- United States (1.6K tons)
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