Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia - 2022
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $2,091 per ton, increasing by 20% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silicates; commercial alkali metal silicates, other than of sodium or potassia increased by +42.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 28%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 the United States ($4,876 per ton), while the price for Malaysia ($386 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.5%), 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 Indonesia (FOB) - 2022
The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $727 per ton in 2022, with an increase of 20% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29%. As a result, the export price reached the peak level of $1,084 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
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 Malaysia ($1,211 per ton), while the average price for exports to Taiwan (Chinese) ($604 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 Malaysia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia
Imports of silicates; commercial alkali metal silicates, other than of sodium or potassia into Indonesia skyrocketed to 3.5K tons in 2022, with an increase of 16% compared with the year before. The total import volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia surged to $7.3M in 2022. Overall, total imports indicated a remarkable increase 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 +60.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,315 | 1,216 | 1,144 | 2,451 | 23.1% |
| Taiwan (Chinese) | 932 | 1,222 | 1,390 | 1,428 | 15.3% |
| United States | 673 | 817 | 1,017 | 1,240 | 22.6% |
| Brazil | 194 | 240 | 224 | 437 | 31.1% |
| United Kingdom | 31.4 | 227 | 495 | 358 | 125.1% |
| Malaysia | 32.2 | 8.4 | 59.8 | 202 | 84.4% |
| Singapore | 145 | 329 | 114 | 124 | -5.1% |
| India | 80.1 | 50.8 | 16.9 | 60.9 | -8.7% |
| Thailand | 458 | 221 | 5.8 | 2.7 | -81.9% |
| Others | 675 | 605 | 762 | 982 | 13.3% |
| Total | 4,535 | 4,936 | 5,229 | 7,285 | 17.1% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Indonesia in 2022:
- Taiwan (Chinese) (1210.0 tons)
- China (701.9 tons)
- Malaysia (523.2 tons)
- Brazil (398.0 tons)
- United States (254.3 tons)
- United Kingdom (171.2 tons)
- India (36.4 tons)
- Singapore (33.0 tons)
- Thailand (1.8 tons)
Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia
In 2022, overseas shipments of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -8.4% to 349 tons, falling for the second consecutive year after two years of growth. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 147% against the previous year. As a result, the exports attained the peak of 399 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia rose rapidly to $254K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 161%. As a result, the exports attained the peak of $307K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 32.6 | 184 | 150 | 182 | 77.4% |
| Malaysia | 2.9 | 20.8 | 35.1 | 59.4 | 173.6% |
| Taiwan (Chinese) | 14.7 | 32.8 | 23.4 | 12.9 | -4.3% |
| Timor-Leste | N/A | N/A | 1.8 | N/A | 0% |
| Myanmar | 35.8 | 0.3 | N/A | N/A | -99.2% |
| Australia | 14.3 | N/A | N/A | N/A | 0% |
| Others | 17.0 | 69.2 | 20.9 | 0.1 | -81.9% |
| Total | 117 | 307 | 231 | 254 | 29.5% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Indonesia in 2022:
- Philippines (278.7 tons)
- Malaysia (49.0 tons)
- Taiwan (Chinese) (21.3 tons)
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