Price for Silicates; Commercial Alkali Metal Silicates in Bangladesh - 2022
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Bangladesh (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in Bangladesh (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in Bangladesh
- Exports of Silicates; Commercial Alkali Metal Silicates in Bangladesh
Price for Silicates; Commercial Alkali Metal Silicates in Bangladesh (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $980 per ton, jumping by 36% against the previous year. Over the period under review, the import price showed pronounced growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 83% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,274 per ton), while the price for Pakistan ($325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; Commercial Alkali Metal Silicates in Bangladesh (FOB) - 2022
In 2022, the average export price for silicates; commercial alkali metal silicateses amounted to $262 per ton, approximately equating the previous year. Overall, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2021 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $3,000 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2013 to 2022, the rate of growth in terms of prices for India amounted to -23.8% per year.
Imports of Silicates; Commercial Alkali Metal Silicates in Bangladesh
In 2022, silicates; commercial alkali metal silicates imports into Bangladesh expanded significantly to 11K tons, surging by 5.1% on the previous year's figure. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, silicates; commercial alkali metal silicates imports skyrocketed to $11M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.6 | 1.4 | 2.4 | 3.4 | 78.3% |
| Taiwan (Chinese) | 1.4 | 1.6 | 2.1 | 2.9 | 27.5% |
| China | 1.6 | 1.3 | 1.0 | 2.5 | 16.0% |
| India | 1.1 | 0.8 | 1.2 | 0.8 | -10.1% |
| Pakistan | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
| Hong Kong SAR | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Total | 5.3 | 5.6 | 7.6 | 10.9 | 27.2% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Bangladesh in 2022:
- China (3.9K tons)
- Pakistan (1.9K tons)
- Thailand (1.9K tons)
- India (1.6K tons)
- Taiwan (Chinese) (1.3K tons)
- Hong Kong SAR (0.3K tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Bangladesh
Silicates; commercial alkali metal silicates exports from Bangladesh was estimated at 157 tons in 2022, therefore, remained relatively stable against the year before. Over the period under review, exports showed a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, silicates; commercial alkali metal silicates exports amounted to $41K in 2022. In general, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Silicates; Commercial Alkali Metal Silicates in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | 2.5 | N/A | 40.9 | 304.5% | |
| Others | N/A | N/A | 0.2 | 0% | |
| Total | 2.5 | N/A | 41.1 | 305.5% | |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Bangladesh in 2022:
- India (156.9 tons)
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