Europe: Silicates Market 2024

Silicates Market Size in Europe

After three years of growth, the Europe silicates market decreased by X% to $X in 2023. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Silicates Production in Europe

In value terms, silicates production reduced to $X in 2023 estimated in export price. The total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Silicates Exports

Exports in Europe

In 2023, 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. Total exports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, silicates exports fell to $X in 2023. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, Poland (X tons), distantly followed by Germany (X tons), Spain (X tons), the Netherlands (X tons) and Belgium (X tons) were the key exporters of silicates, commercial alkali metal silicates, together comprising X% of total exports. The following exporters - Belarus (X tons), Italy (X tons), the Czech Republic (X tons), France (X tons), Denmark (X tons), Russia (X tons) and Switzerland (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates supplying countries in Europe were Poland ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports. Belgium, Spain, Italy, Switzerland, the Czech Republic, Denmark, France, Belarus and Russia lagged somewhat behind, together comprising a further X%.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silicates export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Silicates Imports

Imports in Europe

In 2023, the amount of silicates, commercial alkali metal silicates imported in Europe dropped to X tons, shrinking by X% on the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, silicates imports shrank to $X in 2023. Total imports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

The countries with the highest levels of silicates imports in 2023 were France (X tons), the Netherlands (X tons), Germany (X tons) and Belgium (X tons), together accounting for X% of total import. It was distantly followed by Finland (X tons), committing a X% share of total imports. Sweden (X tons), Russia (X tons), Italy (X tons), the Czech Republic (X tons), Spain (X tons), Switzerland (X tons), Austria (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Finland, Belgium, Italy, the Czech Republic, Sweden, Russia, Switzerland, Austria, Romania and Spain lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2023, the import price in Europe amounted to $X per ton, remaining constant against the previous year. Import price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silicates import price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform