Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States (FOB) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States (CIF) - 2023
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States (FOB) - 2022
The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $2,828 per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2013 an increase of 30% against the previous year. The export price peaked at $3,446 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($6,226 per ton), while the average price for exports to El Salvador ($819 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 Canada (+7.8%), 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 the United States (CIF) - 2023
In December 2023, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $948 per ton, waning by -36.3% against the previous month. Overall, the import price saw a perceptible curtailment. The growth pace was the most rapid in February 2023 an increase of 61% m-o-m. Over the period under review, average import prices hit record highs at $2,118 per ton in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($3,345 per ton), while the price for Mexico ($449 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 China (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States
In 2022, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia from the United States contracted to 15K tons, reducing by -4.8% against 2021. Overall, total exports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, the exports reached the peak of 16K tons, and then contracted in the following year.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia contracted to $44M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports attained the peak of $46M, and then declined in the following year.
| Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 8.0 | 4.7 | 6.3 | 9.5 | 5.9% |
| Canada | 6.3 | 5.4 | 7.0 | 8.2 | 9.2% |
| Netherlands | 0.3 | 0.6 | 5.1 | 3.0 | 115.4% |
| South Korea | 2.2 | 2.6 | 2.2 | 1.9 | -4.8% |
| Germany | 5.1 | 4.1 | 4.1 | 1.6 | -32.1% |
| China | 1.1 | 1.2 | 1.6 | 1.3 | 5.7% |
| Dominican Republic | 0.2 | 0.8 | 1.8 | 1.2 | 81.7% |
| Brazil | 1.8 | 1.1 | 1.2 | 1.1 | -15.1% |
| Indonesia | 0.3 | 0.7 | 1.0 | 1.1 | 54.2% |
| United Kingdom | 0.5 | 0.5 | 0.5 | 1.0 | 26.0% |
| Colombia | 1.0 | 0.9 | 0.9 | 1.0 | 0.0% |
| Trinidad and Tobago | 0.5 | 0.5 | 0.3 | 0.6 | 6.3% |
| El Salvador | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Others | 13.8 | 13.3 | 13.8 | 11.5 | -5.9% |
| Total | 41.2 | 36.4 | 46.2 | 43.6 | 1.9% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from the United States in 2022:
- Mexico (5.3K tons)
- Canada (2.7K tons)
- Netherlands (1.3K tons)
- El Salvador (0.6K tons)
- Indonesia (0.4K tons)
- Germany (0.4K tons)
- Brazil (0.3K tons)
- United Kingdom (0.3K tons)
- Trinidad and Tobago (0.3K tons)
- China (0.3K tons)
- Colombia (0.3K tons)
- Dominican Republic (0.3K tons)
- South Korea (0.3K tons)
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States
In 2022, the amount of silicates; commercial alkali metal silicates, other than of sodium or potassia imported into the United States expanded sharply to 16K tons, growing by 9.1% against the previous year. In general, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia rose notably to $25M in 2022. Overall, imports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2021 when imports increased by 24%.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 14.1 | 12.3 | 14.8 | 13.4 | -1.7% |
| France | 1.0 | N/A | 0.9 | 3.5 | 51.8% |
| Italy | 1.3 | 0.3 | 0.6 | 1.5 | 4.9% |
| China | 1.5 | 0.6 | 0.7 | 1.0 | -12.6% |
| Others | 8.0 | 5.8 | 6.5 | 5.4 | -12.3% |
| Total | 25.9 | 19.0 | 23.5 | 24.8 | -1.4% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to the United States in 2022:
- Canada (12.7K tons)
- France (0.7K tons)
- Italy (0.6K tons)
- China (0.3K tons)
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