Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China (FOB) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China (CIF) - 2023
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China (FOB) - 2022
The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $1,666 per ton in 2022, rising by 6.6% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for silicates; commercial alkali metal silicates, other than of sodium or potassia increased by +28.2% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 62%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($3,692 per ton), while the average price for exports to Thailand ($512 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 Saudi Arabia (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China (CIF) - 2023
The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $2,106 per ton in December 2023, surging by 51% against the previous month. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $3,307 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($5,838 per ton), while the price for the United Arab Emirates ($251 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China
In 2022, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia from China soared to 39K tons, increasing by 121% on the year before. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia soared to $66M in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.6 | 1.1 | 3.2 | 9.9 | 154.6% |
| Russia | N/A | 0.1 | 0.1 | 6.2 | 687.4% |
| India | 2.9 | 3.4 | 3.8 | 4.6 | 16.6% |
| Brazil | N/A | 0.1 | 0.2 | 4.1 | 540.3% |
| Japan | 1.9 | 2.0 | 2.1 | 3.5 | 22.6% |
| Ghana | 0.7 | 1.3 | 1.3 | 3.3 | 67.7% |
| Indonesia | 1.8 | 2.5 | 1.5 | 3.3 | 22.4% |
| South Korea | 2.3 | 1.7 | 2.1 | 3.0 | 9.3% |
| Nigeria | 0.2 | 0.1 | N/A | 2.1 | 119.0% |
| Pakistan | 1.6 | 0.6 | 1.5 | 2.0 | 7.7% |
| Bangladesh | 0.7 | 1.1 | 0.6 | 1.8 | 37.0% |
| Taiwan (Chinese) | 0.4 | 0.5 | 0.3 | 1.3 | 48.1% |
| Thailand | 1.1 | 0.8 | 0.4 | 0.9 | -6.5% |
| Others | 9.8 | 6.5 | 10.7 | 19.8 | 26.4% |
| Total | 24.2 | 21.6 | 27.8 | 65.7 | 39.5% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from China in 2022:
- Japan (4.5K tons)
- Saudi Arabia (3.1K tons)
- India (3.1K tons)
- South Korea (2.8K tons)
- Indonesia (2.2K tons)
- Taiwan (Chinese) (2.1K tons)
- Nigeria (2.1K tons)
- Russia (1.7K tons)
- Thailand (1.7K tons)
- Ghana (1.6K tons)
- Bangladesh (1.6K tons)
- Brazil (1.2K tons)
- Pakistan (1.2K tons)
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China
Imports of silicates; commercial alkali metal silicates, other than of sodium or potassia into China soared to 8.8K tons in 2022, rising by 26% against the previous year. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia totaled $20M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 2.7 | 3.5 | 3.6 | 10.1% |
| Japan | 2.4 | 2.6 | 3.3 | 3.4 | 12.3% |
| Belgium | 2.3 | 2.0 | 3.4 | 2.9 | 8.0% |
| France | 0.4 | 0.7 | 1.0 | 2.3 | 79.2% |
| South Korea | 1.3 | 1.1 | 1.8 | 2.3 | 20.9% |
| Netherlands | 2.2 | 2.3 | 1.8 | 2.0 | -3.1% |
| Malaysia | N/A | 0.3 | 1.0 | 0.9 | 73.2% |
| Germany | 0.6 | 0.7 | 0.7 | 0.5 | -5.9% |
| Taiwan (Chinese) | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Others | 0.9 | 0.7 | 1.4 | 1.2 | 10.1% |
| Total | 13.4 | 13.4 | 18.2 | 19.6 | 13.5% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to China in 2022:
- Netherlands (2403.4 tons)
- Malaysia (2027.5 tons)
- South Korea (772.0 tons)
- Belgium (712.8 tons)
- Japan (705.2 tons)
- United States (628.2 tons)
- France (499.8 tons)
- Taiwan (Chinese) (171.6 tons)
- Germany (146.0 tons)
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