China - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSignificant Decline in China's Silicates Export to $179M in 2023
China Silicates Exports
After two years of growth, overseas shipments of silicates, commercial alkali metal silicates decreased by -7.5% to 379K tons in 2023. Overall, exports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 17%. The exports peaked at 526K tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.
In value terms, silicates exports declined significantly to $179M (IndexBox estimates) in 2023. Over the period under review, total exports indicated a pronounced increase from 2013 to 2023: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +50.8% against 2020 indices. The growth pace was the most rapid in 2022 when exports increased by 43%. As a result, the exports reached the peak of $223M, and then shrank sharply in the following year.
| COUNTRY | Export Value of Silicates in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| South Korea | 29.3 | 26.2 | 24.2 | 24.0 | 29.0 | 28.7 | 31.3 | 23.9 | 34.2 | 44.0 | 34.6 |
| Japan | 25.5 | 25.6 | 23.6 | 24.2 | 21.1 | 24.1 | 22.4 | 16.9 | 21.4 | 26.5 | 23.1 |
| Taiwan (Chinese) | 15.4 | 12.6 | 7.5 | 6.9 | 5.0 | 5.0 | 4.5 | 9.4 | 19.8 | 18.9 | 9.3 |
| Indonesia | 10.1 | 14.5 | 14.6 | 8.1 | 9.3 | 9.2 | 10.0 | 12.7 | 13.6 | 16.1 | 9.1 |
| India | 0.3 | 0.8 | 0.6 | 1.3 | 3.3 | 2.4 | 3.9 | 4.1 | 4.3 | 5.0 | 9.1 |
| Russia | 1.8 | 1.6 | 1.8 | 1.9 | 1.3 | 1.5 | 1.9 | 1.7 | 4.3 | 8.7 | 7.1 |
| Guatemala | 0.7 | 0.8 | 1.3 | 1.2 | 1.9 | 1.9 | 3.0 | 4.2 | 2.7 | 6.0 | 7.1 |
| Philippines | 1.5 | 4.0 | 2.0 | 2.5 | 2.7 | 5.6 | 4.1 | 2.3 | 3.7 | 5.3 | 4.4 |
| Thailand | 8.7 | 1.7 | 4.0 | 3.3 | 1.8 | 6.1 | 4.7 | 1.9 | 1.3 | 3.1 | 2.1 |
| Hong Kong | 15.6 | 21.6 | 16.9 | 9.9 | 7.5 | 5.6 | 6.0 | 5.7 | 6.8 | 2.8 | 1.6 |
| Others | 35.8 | 43.3 | 38.3 | 28.4 | 36.7 | 39.7 | 37.1 | 35.8 | 43.2 | 86.3 | 71.5 |
| Total | 145 | 153 | 135 | 112 | 120 | 130 | 129 | 119 | 155 | 223 | 179 |
Exports by Country
South Korea (110K tons) was the main destination for silicates exports from China, accounting for a 29% share of total exports. Moreover, silicates exports to South Korea exceeded the volume sent to the second major destination, Japan (54K tons), twofold. Taiwan (Chinese) (25K tons) ranked third in terms of total exports with a 6.6% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to South Korea totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-6.2% per year) and Taiwan (Chinese) (-10.3% per year).
In value terms, South Korea ($35M), Japan ($23M) and Taiwan (Chinese) ($9.3M) were the largest markets for silicates exported from China worldwide, with a combined 37% share of total exports. India, Indonesia, Russia, Guatemala, the Philippines, Thailand and Hong Kong lagged somewhat behind, together accounting for a further 23%.
India, with a CAGR of +42.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the silicates price amounted to $473 per ton (FOB, China), shrinking by -16.3% against the previous year. In general, export price indicated buoyant growth from 2013 to 2023: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silicates export price increased by +35.9% against 2018 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by 36%. As a result, the export price attained the peak level of $565 per ton, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($1,233 per ton), while the average price for exports to Hong Kong ($226 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the silicates market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20136240 - Silicates, commercial alkali metal silicates
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
