Silicates; Sodium Metasilicates Price in Turkey - 2023
Contents:
- Silicates; Sodium Metasilicates Price in Turkey (CIF) - 2023
- Silicates; Sodium Metasilicates Price in Turkey (FOB) - 2022
- Silicates; Sodium Metasilicates Imports in Turkey
- Silicates; Sodium Metasilicates Exports in Turkey
Silicates; Sodium Metasilicates Price in Turkey (CIF) - 2023
In September 2023, the average silicates; sodium metasilicates import price amounted to $595 per ton, increasing by 12% against the previous month. In general, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in July 2023 an increase of 37% m-o-m. Over the period under review, average import prices attained the maximum at $1,021 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($756 per ton), while the price for China amounted to $391 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (-2.4%).
Silicates; Sodium Metasilicates Price in Turkey (FOB) - 2022
The average silicates; sodium metasilicates export price stood at $1,736 per ton in 2022, rising by 72% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by 89%. As a result, the export price attained the peak level of $1,799 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
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 Russia ($3,599 per ton), while the average price for exports to Georgia ($740 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 Bangladesh (+294.6%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates; Sodium Metasilicates Imports in Turkey
In 2022, imports of silicates; sodium metasilicateses into Turkey rose notably to 6.7K tons, increasing by 8.3% on the previous year. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, silicates; sodium metasilicates imports soared to $5M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Sodium Metasilicates in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 947 | 1,170 | 1,499 | 2,449 | 37.3% |
| China | 1,385 | 1,062 | 1,151 | 2,047 | 13.9% |
| Netherlands | 39.2 | 1.1 | 199 | 234 | 81.4% |
| Iran | N/A | 20.7 | 170 | 115 | 135.7% |
| Egypt | N/A | 9.1 | 13.1 | 71.4 | 180.1% |
| Others | 3.1 | 35.5 | 17.4 | 49.6 | 152.0% |
| Total | 2,374 | 2,298 | 3,049 | 4,967 | 27.9% |
Top Suppliers of Silicates; Sodium Metasilicates to Turkey in 2022:
- China (3.1K tons)
- Belgium (2.9K tons)
- Netherlands (0.3K tons)
- Iran (0.2K tons)
- Egypt (0.1K tons)
Silicates; Sodium Metasilicates Exports in Turkey
In 2022, silicates; sodium metasilicates exports from Turkey surged to 65 tons, increasing by 187% compared with 2021. Over the period under review, exports, however, saw a abrupt slump.
In value terms, silicates; sodium metasilicates exports surged to $113K in 2022. In general, exports, however, showed a abrupt contraction.
| Export of Silicates; Sodium Metasilicates in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 61.4 | 0% |
| Egypt | 0.8 | 1.4 | 0.7 | 13.8 | 158.4% |
| Iraq | 0.8 | 0.6 | 3.8 | 13.0 | 153.3% |
| Iran | 129 | N/A | N/A | 9.3 | -58.4% |
| Tunisia | N/A | 12.2 | 3.5 | 4.3 | -40.6% |
| Azerbaijan | 3.5 | 5.0 | 4.2 | 4.1 | 5.4% |
| Georgia | 0.1 | 3.8 | 1.8 | 1.9 | 166.8% |
| Uzbekistan | 2.3 | N/A | 4.9 | 1.8 | -7.8% |
| Mexico | 9.9 | 98.5 | N/A | N/A | 894.9% |
| Others | 4.1 | 4.3 | 4.0 | 3.1 | -8.9% |
| Total | 150 | 126 | 22.9 | 113 | -9.0% |
Top Export Markets for Silicates; Sodium Metasilicates from Turkey in 2022:
- Russia (17.1 tons)
- Iraq (14.0 tons)
- Egypt (11.0 tons)
- Iran (10.0 tons)
- Azerbaijan (4.0 tons)
- Tunisia (3.0 tons)
- Georgia (2.6 tons)
- Uzbekistan (1.3 tons)
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