Silicates; Sodium Metasilicates Price in the Philippines - 2023
Contents:
- Silicates; Sodium Metasilicates Price in the Philippines (CIF) - 2023
- Silicates; Sodium Metasilicates Imports in the Philippines
Silicates; Sodium Metasilicates Price in the Philippines (CIF) - 2023
The average silicates; sodium metasilicates import price stood at $339 per ton in June 2023, reducing by -33.9% against the previous month. In general, the import price showed a slight downturn. The growth pace was the most rapid in November 2022 an increase of 76% against the previous month. The import price peaked at $513 per ton in May 2023, 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 June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -1.8% per month.
Silicates; Sodium Metasilicates Imports in the Philippines
In 2022, purchases abroad of silicates; sodium metasilicateses was finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, silicates; sodium metasilicates imports soared to $318K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Sodium Metasilicates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 133 | 87.3 | 59.9 | 317 | 33.6% |
| Others | 4.4 | 5.6 | 2.1 | 0.9 | -41.1% |
| Total | 137 | 92.9 | 62.0 | 318 | 32.4% |
Top Suppliers of Silicates; Sodium Metasilicates to the Philippines in 2022:
- China (1141.4 tons)
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