Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico (CIF) - 2023
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico (FOB) - 2022
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico (CIF) - 2023
The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $8,202 per ton in August 2023, with an increase of 152% against the previous month. Over the period under review, the import price enjoyed significant growth. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 162% m-o-m. The import price peaked in August 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +20.0% per month.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico (FOB) - 2022
The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $505 per ton in 2022, growing by 22% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for silicates; of sodium (excluding sodium metasilicates)s increased by +69.9% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 28% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,617 per ton), while the average price for exports to Guatemala stood at $439 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico
Imports of silicates; of sodium (excluding sodium metasilicates)s into Mexico declined slightly to 3.6K tons in 2022, standing approx. at the year before. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of 3.7K tons, and then fell in the following year.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $2.9M in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 120%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 0.7 | 2.2 | 2.9 | 38.1% |
| Spain | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 1.0 | 2.2 | 2.9 | 34.2% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Mexico in 2022:
- United States (3.6K tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico
In 2022, approx. 2.7K tons of silicates; of sodium (excluding sodium metasilicates)s were exported from Mexico; picking up by 9.3% on the previous year's figure. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of 4.1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s surged to $1.4M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 801 | 984 | 890 | 1,113 | 11.6% |
| United States | 335 | 329 | 126 | 243 | -10.1% |
| Others | N/A | N/A | 2.1 | N/A | 0% |
| Total | 1,136 | 1,313 | 1,018 | 1,356 | 6.1% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Mexico in 2022:
- Guatemala (2.5K tons)
- United States (0.2K tons)
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