CIS: Silicates Market 2024

Silicates Market Size in CIS

The CIS silicates market rose to $X in 2022, growing by X% against the previous year. In general, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Silicates Production in CIS

In value terms, silicates production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decline. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Silicates Exports

Exports in CIS

In 2022, shipments abroad of silicates, commercial alkali metal silicates decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, silicates exports contracted remarkably to $X in 2022. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia represented the key exporter of silicates, commercial alkali metal silicates in the CIS, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to silicates exports from Russia stood at X%. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Russia (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest silicates supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Uzbekistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Silicates Imports

Imports in CIS

In 2022, overseas purchases of silicates, commercial alkali metal silicates decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, silicates imports contracted to $X in 2022. In general, imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) and Kazakhstan (X tons) represented the key importers of silicates, commercial alkali metal silicates in the CIS, together committing X% of total imports. It was distantly followed by Tajikistan (X tons) and Azerbaijan (X tons), together generating a X% share of total imports. The following importers - Kyrgyzstan (X tons) and Uzbekistan (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported silicates, commercial alkali metal silicates in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

In Russia, silicates imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price showed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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