Price for Silicates; Commercial Alkali Metal Silicates in Colombia - 2022

Contents:

  1. Price for Silicates; Commercial Alkali Metal Silicates in Colombia (FOB) - 2022
  2. Price for Silicates; Commercial Alkali Metal Silicates in Colombia (CIF) - 2022
  3. Exports of Silicates; Commercial Alkali Metal Silicates in Colombia
  4. Imports of Silicates; Commercial Alkali Metal Silicates in Colombia

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

The average export price for silicates; commercial alkali metal silicateses stood at $445 per ton in February 2022, shrinking by -11.3% against the previous month. In general, export price indicated temperate growth from February 2021 to February 2022: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, silicates; commercial alkali metal silicates export price decreased by -17.0% against December 2021 indices. The growth pace was the most rapid in December 2021 an increase of 34% against the previous month. As a result, the export price reached the peak level of $537 per ton. From January 2022 to February 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Haiti ($592 per ton), while the average price for exports to Ecuador ($99.0 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Silicates; Commercial Alkali Metal Silicates in Colombia (CIF) - 2022

The average import price for silicates; commercial alkali metal silicateses stood at $929 per ton in 2022, which is down by -5.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 53% against the previous year. Over the period under review, average import prices attained the peak figure at $986 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,645 per ton), while the price for the Netherlands ($152 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Silicates; Commercial Alkali Metal Silicates in Colombia

Silicates; commercial alkali metal silicates exports from Colombia shrank sharply to 15K tons in 2022, dropping by -19% compared with the previous year. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, the exports reached the peak of 18K tons, and then plummeted in the following year.

In value terms, silicates; commercial alkali metal silicates exports fell remarkably to $5.2M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, the exports attained the peak of $6.7M, and then declined markedly in the following year.

Export of Silicates; Commercial Alkali Metal Silicates in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El Salvador2,4622,6892,8142,205-3.6%
Dominican Republic53.19.51,6971,330192.6%
Guatemala2.622.8930728554.2%
Haiti4765866485082.2%
Panama20.5104304238126.4%
Ecuador15415749.792.7-15.6%
Costa Rica66.127.859.646.7-10.9%
Trinidad and Tobago522N/AN/AN/A0%
Others11017321796.6-4.2%
Total3,8673,7696,7195,24410.7%

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

  1. El Salvador (6.0K tons)
  2. Dominican Republic (3.4K tons)
  3. Guatemala (2.5K tons)
  4. Haiti (1.3K tons)
  5. Panama (0.7K tons)
  6. Ecuador (0.4K tons)
  7. Costa Rica (0.3K tons)

Imports of Silicates; Commercial Alkali Metal Silicates in Colombia

In 2022, imports of silicates; commercial alkali metal silicateses into Colombia contracted rapidly to 2.2K tons, shrinking by -15.4% on 2021. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 44%.

In value terms, silicates; commercial alkali metal silicates imports shrank markedly to $2.1M in 2022. In general, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $2.6M, and then fell rapidly in the following year.

Import of Silicates; Commercial Alkali Metal Silicates in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,0105491,128925-2.9%
United States732616588520-10.8%
India25817244036111.8%
Switzerland1051011321080.9%
Others96.591.528613812.7%
Total2,2011,5302,5752,052-2.3%

Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Colombia in 2022:

  1. China (1518.7 tons)
  2. India (371.7 tons)
  3. United States (142.6 tons)
  4. Switzerland (114.2 tons)

Source: IndexBox Market Intelligence Platform

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