Silicates; Sodium Metasilicates Price in South Africa - 2023
Contents:
- Silicates; Sodium Metasilicates Price in South Africa (CIF) - 2023
- Silicates; Sodium Metasilicates Price in South Africa (FOB) - 2022
- Silicates; Sodium Metasilicates Imports in South Africa
- Silicates; Sodium Metasilicates Exports in South Africa
Silicates; Sodium Metasilicates Price in South Africa (CIF) - 2023
The average silicates; sodium metasilicates import price stood at $545 per ton in September 2023, increasing by 26% against the previous month. In general, the import price recorded a mild increase. The growth pace was the most rapid in December 2022 when the average import price increased by 315% against the previous month. As a result, import price reached the peak level of $2,016 per ton. From January 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 Portugal ($10,580 per ton), while the price for China stood at $316 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+5.8%), while the prices for the other major suppliers experienced a decline.
Silicates; Sodium Metasilicates Price in South Africa (FOB) - 2022
In 2022, the average silicates; sodium metasilicates export price amounted to $923 per ton, surging by 33% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 37%. The export price peaked at $1,048 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($983 per ton), while the average price for exports to Zambia ($493 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 Namibia (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates; Sodium Metasilicates Imports in South Africa
Silicates; sodium metasilicates imports into South Africa amounted to 3.3K tons in 2022, surging by 7.2% against the year before. Overall, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year.
In value terms, silicates; sodium metasilicates imports soared to $2.1M in 2022. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Sodium Metasilicates in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,048 | 665 | 1,010 | 1,379 | 9.6% |
| United States | 12.5 | 5.4 | 1.8 | 453 | 230.9% |
| Slovenia | 65.1 | 82.8 | 52.0 | 62.0 | -1.6% |
| Netherlands | 93.2 | 105 | 48.3 | 45.4 | -21.3% |
| Egypt | N/A | N/A | N/A | 24.9 | 0% |
| Others | 149 | 118 | 152 | 168 | 4.1% |
| Total | 1,368 | 976 | 1,265 | 2,132 | 15.9% |
Top Suppliers of Silicates; Sodium Metasilicates to South Africa in 2022:
- China (2988.4 tons)
- Slovenia (66.0 tons)
- United States (53.6 tons)
- Egypt (50.0 tons)
- Netherlands (30.0 tons)
Silicates; Sodium Metasilicates Exports in South Africa
In 2022, shipments abroad of silicates; sodium metasilicateses decreased by -16% to 448 tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. As a result, the exports reached the peak of 672 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, silicates; sodium metasilicates exports expanded markedly to $413K in 2022. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2020 when exports increased by 104% against the previous year. As a result, the exports reached the peak of $572K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Silicates; Sodium Metasilicates in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 162 | 457 | 192 | 284 | 20.6% |
| Zimbabwe | 50.6 | 37.0 | 36.2 | 61.0 | 6.4% |
| Botswana | 7.9 | 14.2 | 11.2 | 18.0 | 31.6% |
| Zambia | 14.4 | 25.5 | 33.8 | 15.2 | 1.8% |
| Namibia | 10.9 | 7.4 | 29.8 | 14.7 | 10.5% |
| Nigeria | 14.1 | 22.2 | 11.0 | 6.4 | -23.1% |
| Mozambique | 2.2 | 3.4 | 4.7 | 5.6 | 36.5% |
| Others | 17.9 | 5.2 | 52.2 | 8.9 | -20.8% |
| Total | 280 | 572 | 371 | 413 | 13.8% |
Top Export Markets for Silicates; Sodium Metasilicates from South Africa in 2022:
- Democratic Republic of the Congo (288.4 tons)
- Zimbabwe (71.0 tons)
- Zambia (30.9 tons)
- Botswana (19.8 tons)
- Namibia (15.8 tons)
- Nigeria (8.4 tons)
- Mozambique (7.6 tons)
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