Global Silicates Market 2024

Silicates Market Size

The global silicates market rose slightly to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the global market remained at a lower figure.

Silicates Production

In value terms, silicates production rose slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Silicates Exports

Exports

In 2022, the amount of silicates, commercial alkali metal silicates exported worldwide contracted to X tons, declining by X% against 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The global exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, silicates exports skyrocketed to $X in 2022. Over the period under review, total exports indicated a prominent 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, China (X tons), distantly followed by Poland (X tons), Spain (X tons) and Germany (X tons) were the main exporters of silicates, commercial alkali metal silicates, together comprising X% of total exports. Italy (X tons), Egypt (X tons), the Netherlands (X tons), Belgium (X tons), Brazil (X tons), the United States (X tons), Canada (X tons), the Czech Republic (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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

In value terms, China ($X), Poland ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. The Netherlands, Germany, Belgium, Egypt, Spain, Canada, Italy, Taiwan (Chinese), Brazil and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average silicates export price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. 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 the United States ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Silicates Imports

Imports

In 2022, the amount of silicates, commercial alkali metal silicates imported worldwide contracted to X tons, with a decrease of X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, silicates imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, India (X tons), distantly followed by South Korea (X tons), the Netherlands (X tons), Germany (X tons), the United States (X tons) and Japan (X tons) represented the main importers of silicates, commercial alkali metal silicates, together mixing up X% of total imports. France (X tons), Belgium (X tons), Taiwan (Chinese) (X tons), Turkey (X tons), South Africa (X tons), Indonesia (X tons) and Italy (X tons) held a little share of total imports.

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, South Africa (X%), Turkey (X%), the United States (X%), Belgium (X%), France (X%), the Netherlands (X%) and Germany (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (X%), Italy (X%), Japan (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Indonesia (X p.p.), Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silicates importing markets worldwide were Germany ($X), the United States ($X) and the Netherlands ($X), together comprising X% of global imports. South Korea, Japan, France, Turkey, Belgium, Taiwan (Chinese), Italy, Indonesia, India and South Africa lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average silicates import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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