Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine - 2023

Contents:

  1. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine (FOB) - 2022
  2. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine (CIF) - 2023
  3. Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine
  4. Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine (FOB) - 2022

The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $399 per ton in 2022, increasing by 78% against the previous year. Overall, the export price recorded a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkmenistan ($608 per ton), while the average price for exports to Bulgaria ($348 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 Turkey (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine (CIF) - 2023

The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $894 per ton in August 2023, approximately reflecting the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 14% month-to-month. Over the period under review, average import prices hit record highs at $1,100 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($812 per ton), while the price for Egypt amounted to $560 per ton.

From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Egypt (0.0%).

Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine

After three years of growth, shipments abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -92% to 4.1K tons in 2022. Over the period under review, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of 51K tons, and then shrank notably in the following year.

In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s shrank remarkably to $1.6M in 2022. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of $12M, and then reduced markedly in the following year.

Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.70.63.71.322.9%
BulgariaN/A0.10.40.241.4%
Russia0.70.30.1N/A-62.2%
MoldovaN/AN/AN/AN/A0%
France1.20.2N/AN/A-83.3%
TurkmenistanN/AN/A0.1N/A0%
Italy5.35.76.4N/A9.9%
RomaniaN/A0.10.5N/A400.0%
OthersN/AN/A0.3N/A0%
Total8.07.211.51.6-41.5%

Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Ukraine in 2022:

  1. Turkey (3172.5 tons)
  2. Bulgaria (717.0 tons)
  3. Moldova (111.1 tons)
  4. Turkmenistan (72.0 tons)
  5. Russia (0.2 tons)

Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine

In 2022, purchases abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -70.4% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports faced a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, imports attained the peak of 6K tons, and then reduced dramatically in the following year.

In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s declined significantly to $1M in 2022. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports attained the peak of $2.5M, and then contracted significantly in the following year.

Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Ukraine (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland1,1398791,240686-15.5%
Belarus372394557110-33.4%
Russia13214725074.5-17.4%
Germany87.823213012.8-47.4%
Others89.136328112110.7%
Total1,8212,0162,4581,004-18.0%

Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Ukraine in 2022:

  1. Poland (837.1 tons)
  2. Belarus (494.9 tons)
  3. Russia (414.0 tons)
  4. Germany (3.5 tons)

Source: IndexBox Market Intelligence Platform

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