Price for Silicates; Commercial Alkali Metal Silicates in Canada - 2023

Price for Silicates; Commercial Alkali Metal Silicates in Canada (FOB) - 2022

In 2022, the average export price for silicates; commercial alkali metal silicateses amounted to $664 per ton, with an increase of 3.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 19%. The export price peaked at $717 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($676 per ton), while the average price for exports to Taiwan (Chinese) stood at $337 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.1%).

Price for Silicates; Commercial Alkali Metal Silicates in Canada (CIF) - 2023

The average import price for silicates; commercial alkali metal silicateses stood at $1,014 per ton in September 2023, increasing by 3% against the previous month. In general, import price indicated a perceptible increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, silicates; commercial alkali metal silicates import price decreased by -12.0% against July 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 49% month-to-month. The import price peaked at $1,152 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($4,376 per ton), while the price for China ($619 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Silicates; Commercial Alkali Metal Silicates in Canada

Silicates; commercial alkali metal silicates exports from Canada contracted to 47K tons in 2022, standing approx. at the previous year. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 33%.

In value terms, silicates; commercial alkali metal silicates exports rose to $31M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Export of Silicates; Commercial Alkali Metal Silicates in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	30.6	22.4	29.8	30.2	-0.4%
Taiwan (Chinese)	0.2	0.2	0.4	0.5	35.7%
Others	0.3	0.2	0.3	0.4	10.1%
Total	31.0	22.8	30.5	31.1	0.1%

Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Canada in 2022:

United States (44.7K tons)
Taiwan (Chinese) (1.4K tons)

Imports of Silicates; Commercial Alkali Metal Silicates in Canada

For the fourth year in a row, Canada recorded growth in supplies from abroad of silicates; commercial alkali metal silicateses, which increased by 0.4% to 31K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, silicates; commercial alkali metal silicates imports surged to $26M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. Imports peaked in 2022 and are likely to see steady growth in years to come.