Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait - 2022
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait (CIF) - 2022
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait (FOB) - 2022
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait (CIF) - 2022
In 2022, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $656 per ton, falling by -10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2014 when the average import price increased by 75% against the previous year. As a result, import price attained the peak level of $802 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 the United States ($4,939 per ton), while the price for India ($258 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait (FOB) - 2022
In 2022, the average export price for silicates; of sodium (excluding sodium metasilicates)s amounted to $556 per ton, leveling off at the previous year. Overall, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 68% against the previous year. The export price peaked at $1,552 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2014 to 2022, the rate of growth in terms of prices for Bahrain amounted to +5.4% per year.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait
In 2022, the amount of silicates; of sodium (excluding sodium metasilicates)s imported into Kuwait soared to 1.8K tons, with an increase of 22% compared with 2021 figures. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 +53.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s rose remarkably to $1.2M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +61.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 451 | 417 | 675 | 733 | 17.6% |
| United States | 29.3 | 124 | 16.1 | 196 | 88.4% |
| Saudi Arabia | 101 | 104 | 171 | 96.7 | -1.4% |
| United Arab Emirates | 29.3 | 52.9 | 62.3 | 52.8 | 21.7% |
| China | 50.4 | 46.5 | 47.8 | 50.7 | 0.2% |
| India | 18.9 | 5.5 | 16.3 | 17.2 | -3.1% |
| Others | 49.8 | 62.9 | 83.7 | 32.3 | -13.4% |
| Total | 730 | 812 | 1,072 | 1,178 | 17.3% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Kuwait in 2022:
- Italy (1305.9 tons)
- Saudi Arabia (172.4 tons)
- United Arab Emirates (94.1 tons)
- China (90.5 tons)
- India (66.6 tons)
- United States (39.6 tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait
In 2022, shipments abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by 0% to 2.8 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a precipitous descent. The smallest decline of 99.9% was in 2020.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s amounted to $1.5K in 2022. Overall, exports faced a precipitous descent. The smallest decline of 99.9% was in 2020.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 11.6 | N/A | N/A | 1.5 | -49.4% |
| Oman | 12.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.8 | N/A | N/A | 1.5 | -60.2% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Kuwait in 2022:
- Saudi Arabia (2.8 tons)
305
This report provides an in-depth analysis of the silicates market in Kuwait.
219
This report provides an in-depth analysis of the market for continuous-action elevators and conveyors in Kuwait.
332
This report provides an in-depth analysis of the market for elevators and conveyors other than pneumatic, belt- or bucket-type in Kuwait.
525
This report provides an in-depth analysis of the global silicates market.
377
This report provides an in-depth analysis of the global market for continuous-action elevators and conveyors.
308
Global Roller Conveyor Market Report 2018. This report provides an in-depth analysis of the global roller conveyor market.
259
This report provides an in-depth analysis of the global market for elevators and conveyors other than pneumatic, belt- or bucket-type.
305
This report provides an in-depth analysis of the silicates market in Kuwait.
525
This report provides an in-depth analysis of the global silicates market.
756
In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
837
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...
157
Explore the top import markets for continuous-action elevators and conveyors worldwide, including the United States, China, Germany, and more. Get valuable insights from IndexBox market intelligence platform.
756
In value terms, commercial alkali metal silicates imports totaled $X in 2016. Overall, commercial alkali metal silicates imports continue to indicate a relatively flat trend pattern. In that year, ...
837
In value terms, commercial alkali metal silicates exports stood at $X in 2016. Overall, commercial alkali metal silicates exports continue to indicate a relatively flat trend pattern. Global commer...
