Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States (CIF) - 2023
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States (FOB) - 2023
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States (CIF) - 2023
The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $651 per ton in September 2023, waning by -2.1% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 562% month-to-month. As a result, import price attained the peak level of $3,560 per ton. From August 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($4,852 per ton), while the price for Canada ($493 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by India (+20.2%), 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 States (FOB) - 2023
The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $1,036 per ton in September 2023, which is down by -2.9% against the previous month. Over the period under review, export price indicated resilient growth from December 2022 to September 2023: its price increased at an average monthly rate of +5.7% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for silicates; of sodium (excluding sodium metasilicates)s decreased by -12.2% against July 2023 indices. The pace of growth appeared the most rapid in May 2023 an increase of 43% month-to-month. The export price peaked at $1,180 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($2,277 per ton), while the average price for exports to Indonesia ($437 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of silicates; of sodium (excluding sodium metasilicates)s, when their volume decreased by -27% to 71K tons. Overall, imports, however, showed strong growth. The growth pace was the most rapid in 2021 when imports increased by 111%. As a result, imports reached the peak of 97K tons, and then contracted rapidly in the following year.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s reached $39M in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 103% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 5.1 | 15.6 | 17.0 | 82.6% |
| Canada | 16.2 | 9.6 | 14.2 | 15.6 | -1.3% |
| Netherlands | 2.2 | 1.7 | 1.7 | 2.6 | 5.7% |
| Others | 1.4 | 2.5 | 6.8 | 3.5 | 35.7% |
| Total | 19.7 | 18.9 | 38.3 | 38.7 | 25.2% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to the United States in 2022:
- Brazil (35.3K tons)
- Canada (31.4K tons)
- Netherlands (1.4K tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States
After three years of growth, shipments abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -7.1% to 30K tons in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +43.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of 32K tons, and then reduced in the following year.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s fell to $24M in 2022. The total export value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $28M, and then shrank in the following year.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.9 | 6.7 | 10.6 | 9.9 | 18.8% |
| Mexico | 1.6 | 1.5 | 3.7 | 3.2 | 26.0% |
| China | 2.1 | 1.9 | 2.9 | 1.7 | -6.8% |
| Saudi Arabia | 1.1 | 0.2 | 0.9 | 0.6 | -18.3% |
| Japan | 2.0 | 2.3 | 1.7 | 0.6 | -33.1% |
| Others | 7.6 | 7.5 | 7.9 | 8.4 | 3.4% |
| Total | 20.2 | 20.1 | 27.7 | 24.4 | 6.5% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from the United States in 2022:
- Canada (20.4K tons)
- Mexico (4.4K tons)
- Saudi Arabia (0.7K tons)
- China (0.7K tons)
- Japan (0.6K tons)
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