Silicates; Sodium Metasilicates Price in Malaysia - 2021
Contents:
- Silicates; Sodium Metasilicates Price in Malaysia (CIF) - 2021
- Silicates; Sodium Metasilicates Price in Malaysia (FOB) - 2022
- Silicates; Sodium Metasilicates Imports in Malaysia
- Silicates; Sodium Metasilicates Exports in Malaysia
Silicates; Sodium Metasilicates Price in Malaysia (CIF) - 2021
In December 2021, the average silicates; sodium metasilicates import price amounted to $353 per ton, which is down by -39.2% against the previous month. In general, import price indicated a perceptible increase from December 2020 to December 2021: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, silicates; sodium metasilicates import price decreased by -39.2% against November 2021 indices. The growth pace was the most rapid in November 2021 when the average import price increased by 40% m-o-m. As a result, import price attained the peak level of $581 per ton, and then contracted notably in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for Belgium amounted to +9.9% per month.
Silicates; Sodium Metasilicates Price in Malaysia (FOB) - 2022
The average silicates; sodium metasilicates export price stood at $806 per ton in 2022, stabilizing at the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicates; sodium metasilicates export price decreased by -0.5% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 31%. The export price peaked at $810 per ton in 2020; however, from 2021 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 Hong Kong SAR ($1,621 per ton), while the average price for exports to Brunei Darussalam ($206 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 Mauritius (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates; Sodium Metasilicates Imports in Malaysia
After three years of growth, overseas purchases of silicates; sodium metasilicateses decreased by -6% to 4.3K tons in 2022. The total import volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 31%.
In value terms, silicates; sodium metasilicates imports contracted to $1.4M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $1.6M, and then contracted in the following year.
| Import of Silicates; Sodium Metasilicates in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 762 | 853 | 1,334 | 1,169 | 15.3% |
| Belgium | 23.5 | 41.8 | 34.6 | 38.6 | 18.0% |
| Netherlands | 24.5 | 25.2 | 41.5 | 36.8 | 14.5% |
| Others | 277 | 235 | 206 | 141 | -20.2% |
| Total | 1,088 | 1,155 | 1,616 | 1,386 | 8.4% |
Top Suppliers of Silicates; Sodium Metasilicates to Malaysia in 2022:
- China (4.1K tons)
- Belgium (0.1K tons)
- Netherlands (0.1K tons)
Silicates; Sodium Metasilicates Exports in Malaysia
In 2022, the amount of silicates; sodium metasilicateses exported from Malaysia contracted to 38 tons, waning by -13.8% compared with the year before. In general, exports saw a slight decrease. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports reached the peak of 45 tons, and then reduced in the following year.
In value terms, silicates; sodium metasilicates exports fell to $31K in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, the exports reached the peak of $36K, and then dropped in the following year.
| Export of Silicates; Sodium Metasilicates in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritius | 18.0 | 19.5 | 17.4 | 16.5 | -2.9% |
| Thailand | 3.6 | 1.9 | 14.0 | 11.1 | 45.5% |
| Fiji | 2.3 | 2.0 | 1.5 | 1.1 | -21.8% |
| Brunei Darussalam | 0.3 | 0.6 | 0.5 | 0.4 | 10.1% |
| Cambodia | 0.4 | 0.3 | 0.2 | 0.2 | -20.6% |
| Others | 3.6 | 1.7 | 2.2 | 1.7 | -22.1% |
| Total | 28.3 | 26.1 | 35.8 | 31.0 | 3.1% |
Top Export Markets for Silicates; Sodium Metasilicates from Malaysia in 2022:
- Thailand (17.2 tons)
- Mauritius (15.6 tons)
- Fiji (1.9 tons)
- Brunei Darussalam (1.8 tons)
- Cambodia (0.8 tons)
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