Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Myanmar - 2022
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Myanmar (CIF) - 2022
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Myanmar
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Myanmar (CIF) - 2022
The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $409 per ton in 2022, jumping by 19% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The growth pace was the most rapid in 2018 when the average import price increased by 36% against the previous year. The import price peaked at $464 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($444 per ton) and Indonesia ($443 per ton), while the price for Egypt ($356 per ton) and the United Arab Emirates ($366 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.1%), while the prices for the other major suppliers experienced a decline.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Myanmar
In 2022, purchases abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -3.5% to 8.1K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s expanded remarkably to $3.3M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,993 | 1,448 | 814 | 846 | -24.8% |
| Indonesia | 781 | 1,266 | 1,034 | 838 | 2.4% |
| United Arab Emirates | N/A | N/A | 112 | 476 | 325.0% |
| Thailand | 10.4 | 2.3 | 342 | 407 | 239.5% |
| Pakistan | N/A | N/A | N/A | 316 | 0% |
| Egypt | N/A | N/A | N/A | 244 | 0% |
| India | N/A | 205 | 597 | 200 | -1.2% |
| Others | 23.2 | 11.0 | N/A | N/A | -52.6% |
| Total | 2,808 | 2,932 | 2,898 | 3,328 | 5.8% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Myanmar in 2022:
- China (2.1K tons)
- Indonesia (1.9K tons)
- United Arab Emirates (1.3K tons)
- Thailand (0.9K tons)
- Pakistan (0.8K tons)
- Egypt (0.7K tons)
- India (0.5K tons)
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