Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates - 2022

Contents:

1. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates (CIF) - 2022
2. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates (FOB) - 2022
3. Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates
4. Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $416 per ton, with an increase of 84% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silicates; of sodium (excluding sodium metasilicates)s increased by +91.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 France ($912 per ton), while the price for Iran ($252 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates (FOB) - 2022

The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $451 per ton in 2022, reducing by -17.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 76% against the previous year. As a result, the export price reached the peak level of $544 per ton, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($1,424 per ton), while the average price for exports to Singapore ($233 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 Qatar (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded decline in purchases abroad of silicates; of sodium (excluding sodium metasilicates)s, which decreased by -59.9% to 3.6K tons in 2022. Overall, imports faced a dramatic downturn. The smallest decline of -15.5% was in 2021.

In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s dropped markedly to $1.5M in 2022. Over the period under review, imports showed a dramatic decrease. The smallest decline of -12.1% was in 2021.

Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to the United Arab Emirates in 2022:

1. Saudi Arabia (1031.9 tons)
2. Egypt (1000.6 tons)
3. Italy (663.5 tons)
4. Iran (301.2 tons)
5. India (195.0 tons)
6. Pakistan (188.9 tons)
7. France (74.6 tons)
8. Oman (1.6 tons)

Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United Arab Emirates

In 2022, shipments abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -64.6% to 1.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 306%. As a result, the exports reached the peak of 4.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s reduced notably to $601K in 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 168%.

Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from the United Arab Emirates in 2022:

1. Saudi Arabia (663.1 tons)
2. Oman (242.4 tons)
3. Kuwait (50.5 tons)
4. Egypt (49.8 tons)
5. South Korea (49.7 tons)
6. Turkey (47.5 tons)
7. Bahrain (35.3 tons)
8. Singapore (34.8 tons)
9. Mauritius (30.5 tons)
10. Qatar (28.1 tons)

Source: IndexBox Market Intelligence Platform