Southern Asia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Southern Asia

The South Asian double or complex silicates market dropped modestly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Double Or Complex Silicates in Southern Asia

In value terms, double or complex silicates production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Double Or Complex Silicates

Exports in Southern Asia

After two years of growth, overseas shipments of double or complex silicates decreased by X% to X tons in 2022. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, double or complex silicates exports dropped slightly to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

The shipments of the one major exporters of double or complex silicates, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the double or complex silicates exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest double or complex silicates supplier in Southern Asia.

In India, double or complex silicates exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Double Or Complex Silicates

Imports in Southern Asia

In 2022, double or complex silicates imports in Southern Asia was estimated at X tons, with an increase of X% compared with 2021. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, double or complex silicates imports declined to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

India was the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Pakistan (X tons) and Bangladesh (X tons), together making up a X% share of total imports. The following importers - Nepal (X tons) and Sri Lanka (X tons) - each reached a X% share of total imports.

India was also the fastest-growing in terms of the double or complex silicates imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%), Pakistan (X%) and Nepal (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. India (X p.p.) and Pakistan (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported double or complex silicates in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Pakistan ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, double or complex silicates import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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 India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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