Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia (FOB) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia (CIF) - 2022
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia (FOB) - 2022
In 2022, the average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $337 per ton, falling by -41.7% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 107%. As a result, the export price attained the peak level of $3,148 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($541 per ton), while the average price for exports to India ($148 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 Bangladesh (+36.7%), while the prices for the other major destinations experienced a decline.
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia (CIF) - 2022
The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $465 per ton in 2022, reducing by -5.7% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2021 an increase of 47%. The import price peaked at $1,586 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($15,399 per ton), while the price for South Korea ($236 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+25.6%), 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 Malaysia
Exports of silicates; commercial alkali metal silicates, other than of sodium or potassia from Malaysia skyrocketed to 20K tons in 2022, jumping by 116% 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 159%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia surged to $6.6M in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 193%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.3 | 79.3 | 295 | 1,900 | 570.6% |
| Thailand | 52.1 | 226 | 569 | 883 | 156.9% |
| Indonesia | 65.5 | 293 | 881 | 562 | 104.7% |
| India | 87.8 | 413 | 467 | 549 | 84.2% |
| Singapore | 129 | 320 | 367 | 376 | 42.8% |
| Bangladesh | 35.4 | 39.2 | 5.7 | 364 | 117.5% |
| Philippines | 21.1 | 77.0 | 85.2 | 345 | 153.8% |
| Australia | 14.9 | 118 | 389 | 342 | 184.2% |
| Pakistan | 19.5 | 33.5 | 246 | 221 | 124.6% |
| Cambodia | N/A | N/A | N/A | 144 | 0% |
| South Korea | N/A | 63.5 | 70.7 | 135 | 45.8% |
| Others | 1,308 | 3,441 | 1,897 | 807 | -14.9% |
| Total | 1,739 | 5,104 | 5,273 | 6,628 | 56.2% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Malaysia in 2022:
- China (4.1K tons)
- India (3.7K tons)
- Thailand (3.3K tons)
- Indonesia (1.6K tons)
- Philippines (1.3K tons)
- Singapore (1.2K tons)
- Pakistan (0.7K tons)
- Australia (0.7K tons)
- Bangladesh (0.7K tons)
- South Korea (0.7K tons)
- Cambodia (0.4K tons)
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia
In 2022, overseas purchases of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -22% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia fell sharply to $5.9M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +28.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. As a result, imports reached the peak of $8M, and then declined remarkably in the following year.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.2 | 2.1 | 1.9 | 2.4 | 26.0% |
| Taiwan (Chinese) | 0.7 | 0.6 | 0.9 | 1.5 | 28.9% |
| China | 0.7 | 0.4 | 4.0 | 0.7 | 0.0% |
| Others | 2.0 | 1.4 | 1.2 | 1.2 | -15.7% |
| Total | 4.6 | 4.6 | 8.0 | 5.9 | 8.7% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Malaysia in 2022:
- South Korea (10.0K tons)
- China (1.6K tons)
- Taiwan (Chinese) (0.6K tons)
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