Silicates; Sodium Metasilicates Price in Hong Kong SAR - 2023

Contents:

1. Silicates; Sodium Metasilicates Price in Hong Kong SAR (CIF) - 2022
2. Silicates; Sodium Metasilicates Price in Hong Kong SAR (FOB) - 2022
3. Silicates; Sodium Metasilicates Imports in Hong Kong SAR
4. Silicates; Sodium Metasilicates Exports in Hong Kong SAR

Silicates; Sodium Metasilicates Price in Hong Kong SAR (CIF) - 2022

In 2022, the average silicates; sodium metasilicates import price amounted to $167 per ton, falling by -34.5% against the previous year. Overall, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 an increase of 8.3%. The import price peaked at $254 per ton in 2021, and then shrank markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.2% per year.

Silicates; Sodium Metasilicates Price in Hong Kong SAR (FOB) - 2022

In 2022, the average silicates; sodium metasilicates export price amounted to $1,045 per ton, shrinking by -9.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 57%. Over the period under review, the average export prices attained the peak figure at $2,109 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,374 per ton), while the average price for exports to Uruguay ($318 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 Kenya (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates; Sodium Metasilicates Imports in Hong Kong SAR

In 2022, overseas purchases of silicates; sodium metasilicateses decreased by -20.9% to 2.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 81% against the previous year.

In value terms, silicates; sodium metasilicates imports declined significantly to $456K in 2022. Overall, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 81% against the previous year.

Top Suppliers of Silicates; Sodium Metasilicates to Hong Kong SAR in 2022:

1. China (2.7K tons)

Silicates; Sodium Metasilicates Exports in Hong Kong SAR

After three years of growth, shipments abroad of silicates; sodium metasilicateses decreased by -2.2% to 36 tons in 2022. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 3.4%. As a result, the exports reached the peak of 37 tons, and then contracted modestly in the following year.

In value terms, silicates; sodium metasilicates exports shrank to $38K in 2022. The total export value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of $43K, and then contracted in the following year.

Top Export Markets for Silicates; Sodium Metasilicates from Hong Kong SAR in 2022:

1. Russia (25.1 tons)
2. Bangladesh (2.4 tons)
3. Tanzania (2.2 tons)
4. Australia (1.6 tons)
5. Brazil (1.4 tons)
6. Uruguay (1.0 tons)
7. Canada (0.8 tons)

Source: IndexBox Market Intelligence Platform