Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey (CIF) - 2023
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey (FOB) - 2023
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey (CIF) - 2023
In July 2023, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $495 per ton, stabilizing at the previous month. Over the period under review, the import price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in May 2023 an increase of 6.5% against the previous month. The import price peaked at $696 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($1,381 per ton), while the price for Egypt ($306 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey (FOB) - 2023
In July 2023, the average export price for silicates; of sodium (excluding sodium metasilicates)s amounted to $668 per ton, increasing by 31% against the previous month. In general, the export price saw a buoyant increase. The pace of growth was the most pronounced in April 2023 an increase of 99% against the previous month. As a result, the export price reached the peak level of $1,314 per ton. From May 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Russia ($4,052 per ton), while the average price for exports to Ukraine ($277 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+64.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey
In 2022, the amount of silicates; of sodium (excluding sodium metasilicates)s imported into Turkey soared to 49K tons, increasing by 34% against 2021. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s surged to $24M in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.4 | 3.3 | 2.7 | 8.9 | 37.8% |
| Iran | 3.8 | 2.6 | 1.0 | 4.4 | 5.0% |
| Spain | N/A | N/A | N/A | 3.1 | 0% |
| Netherlands | 1.3 | 1.1 | 1.2 | 1.9 | 13.5% |
| Ukraine | 0.9 | 0.8 | 4.8 | 1.5 | 18.6% |
| Austria | 1.1 | 1.1 | 1.4 | 1.1 | 0.0% |
| Egypt | 0.4 | 0.2 | 0.1 | 0.8 | 26.0% |
| Russia | N/A | N/A | N/A | 0.7 | 0% |
| China | 0.2 | 0.2 | 0.6 | 0.5 | 35.7% |
| Others | 0.7 | 1.0 | 1.0 | 1.5 | 28.9% |
| Total | 11.8 | 10.4 | 12.8 | 24.4 | 27.4% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Turkey in 2022:
- Poland (17.1K tons)
- Iran (11.5K tons)
- Spain (6.0K tons)
- Ukraine (3.4K tons)
- Russia (3.3K tons)
- Egypt (1.9K tons)
- Austria (1.4K tons)
- Netherlands (1.3K tons)
- China (0.7K tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey
In 2022, overseas shipments of silicates; of sodium (excluding sodium metasilicates)s decreased by -19.8% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 48%.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $712K in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 39%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 140 | 0% |
| Israel | 26.9 | 36.9 | 37.4 | 125 | 66.9% |
| Bulgaria | 64.8 | 71.5 | 55.7 | 103 | 16.7% |
| Syrian Arab Republic | 27.7 | 20.7 | 40.3 | 90.8 | 48.5% |
| Germany | 38.8 | 80.5 | 85.1 | 76.3 | 25.3% |
| Georgia | 12.8 | 3.1 | 17.3 | 33.0 | 37.1% |
| Iraq | 16.6 | 7.8 | 1.8 | 28.8 | 20.2% |
| Azerbaijan | 9.9 | 8.1 | 9.9 | 26.3 | 38.5% |
| Turkmenistan | 20.5 | 6.3 | 23.8 | 1.6 | -57.3% |
| Morocco | N/A | 52.1 | N/A | 1.1 | -85.5% |
| Haiti | N/A | 54.1 | 142 | N/A | 162.5% |
| Togo | N/A | 10.8 | 23.8 | N/A | 120.4% |
| Others | 97.4 | 86.2 | 119 | 87.0 | -3.7% |
| Total | 315 | 438 | 556 | 712 | 31.2% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Turkey in 2022:
- Bulgaria (306.2 tons)
- Israel (276.6 tons)
- Syrian Arab Republic (249.3 tons)
- Russia (151.8 tons)
- Georgia (72.8 tons)
- Iraq (67.1 tons)
- Azerbaijan (56.0 tons)
- Germany (29.4 tons)
- Turkmenistan (4.2 tons)
- Morocco (1.9 tons)
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