Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR - 2023

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR (CIF) - 2022
2. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR (FOB) - 2022
3. Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR
4. Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR (CIF) - 2022

The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $2,350 per ton in 2022, waning by -6.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $5,392 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 South Korea ($6,555 per ton), while the price for India ($921 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $2,534 per ton, dropping by -7.2% against the previous year. In general, the export price, however, saw a perceptible increase. The growth pace was the most rapid in 2014 an increase of 208%. As a result, the export price reached the peak level of $6,730 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +998.6% per year.

Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR

For the fourth consecutive year, Hong Kong SAR recorded growth in supplies from abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia, which increased by 30% to 92 tons in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia surged to $216K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Hong Kong SAR in 2022:

1. China (53.4 tons)
2. India (20.0 tons)
3. Japan (14.9 tons)
4. South Korea (3.0 tons)

Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Hong Kong SAR

In 2022, approx. 50 tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were exported from Hong Kong SAR; waning by -30.8% against the year before. Overall, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 144% against the previous year. As a result, the exports reached the peak of 72 tons, and then fell remarkably in the following year.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia shrank dramatically to $127K in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 45%. As a result, the exports reached the peak of $197K, and then contracted markedly in the following year.

Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Hong Kong SAR in 2022:

1. China (50.0 tons)

Source: IndexBox Market Intelligence Platform