Southern Asia: Silicates Market 2024

Silicates Market Size in Southern Asia

The South Asian silicates market declined to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Silicates Production in Southern Asia

In value terms, silicates production reduced to $X in 2022 estimated in export price. In general, production recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Silicates Exports

Exports in Southern Asia

In 2022, the amount of silicates, commercial alkali metal silicates exported in Southern Asia declined markedly to X tons, falling by X% on the year before. Total exports indicated moderate growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, silicates exports dropped to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, India (X tons) represented the largest exporter of silicates, commercial alkali metal silicates, committing X% of total exports. It was distantly followed by Pakistan (X tons), achieving a X% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of silicates, commercial alkali metal silicates. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

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

In India, silicates exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 India ($X per ton), while Pakistan stood at $X per ton.

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

Silicates Imports

Imports in Southern Asia

After three years of growth, overseas purchases of silicates, commercial alkali metal silicates decreased by X% to X tons in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced in the following year.

In value terms, silicates imports expanded remarkably to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

India dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Afghanistan (X tons), Bangladesh (X tons) and Nepal (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the silicates, commercial alkali metal silicates imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%), Nepal (X%) and Afghanistan (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silicates importing markets in Southern Asia were India ($X), Bangladesh ($X) and Afghanistan ($X), with a combined X% share of total imports.

Bangladesh, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Bangladesh ($X per ton), while India ($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 more modest paces of growth.

Source: IndexBox Platform

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