Price for Silicates; Commercial Alkali Metal Silicates in Indonesia - 2022
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Indonesia (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in Indonesia (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in Indonesia
- Exports of Silicates; Commercial Alkali Metal Silicates in Indonesia
Price for Silicates; Commercial Alkali Metal Silicates in Indonesia (CIF) - 2022
The average import price for silicates; commercial alkali metal silicateses stood at $675 per ton in March 2022, jumping by 18% against the previous month. Overall, import price indicated tangible growth from March 2021 to March 2022: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, silicates; commercial alkali metal silicates import price decreased by -13.8% against January 2022 indices. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 40% month-to-month. As a result, import price attained the peak level of $783 per ton. From February 2022 to March 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($5,579 per ton), while the price for China ($511 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; Commercial Alkali Metal Silicates in Indonesia (FOB) - 2022
In March 2022, the average export price for silicates; commercial alkali metal silicateses amounted to $352 per ton, shrinking by -13.7% against the previous month. In general, export price indicated a perceptible increase from March 2021 to March 2022: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, silicates; commercial alkali metal silicates export price increased by +40.4% against October 2021 indices. The most prominent rate of growth was recorded in November 2021 an increase of 26% against the previous month. Over the period under review, the average export prices hit record highs at $408 per ton in February 2022, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($739 per ton), while the average price for exports to Hong Kong SAR ($300 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; Commercial Alkali Metal Silicates in Indonesia
For the third year in a row, Indonesia recorded decline in overseas purchases of silicates; commercial alkali metal silicateses, which decreased by -3.9% to 39K tons in 2022. In general, imports saw a deep setback.
In value terms, silicates; commercial alkali metal silicates imports surged to $28M in 2022. Over the period under review, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 9.2 | 9.5 | 16.5 | 7.2% |
| Taiwan (Chinese) | 1.9 | 2.4 | 3.1 | 3.6 | 23.7% |
| Spain | 1.5 | 1.8 | 2.2 | 3.0 | 26.0% |
| United States | 1.0 | 1.2 | 1.7 | 1.2 | 6.3% |
| Saudi Arabia | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Germany | 4.6 | 0.5 | 0.2 | 0.3 | -59.7% |
| Thailand | 0.4 | 0.2 | 0.1 | 0.3 | -9.1% |
| Others | 4.1 | 3.4 | 2.6 | 2.8 | -11.9% |
| Total | 27.1 | 18.8 | 19.5 | 28.1 | 1.2% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Indonesia in 2022:
- China (25.4K tons)
- Taiwan (Chinese) (4.9K tons)
- Spain (3.3K tons)
- United States (1.5K tons)
- Thailand (0.9K tons)
- Saudi Arabia (0.8K tons)
- Germany (0.1K tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Indonesia
After three years of growth, overseas shipments of silicates; commercial alkali metal silicateses decreased by -57.6% to 14K tons in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 40%.
In value terms, silicates; commercial alkali metal silicates exports fell rapidly to $5.7M in 2022. In general, exports saw a pronounced decline. The growth pace was the most rapid in 2020 with an increase of 23%.
| Export of Silicates; Commercial Alkali Metal Silicates in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.2 | 2.7 | 3.6 | 2.4 | 2.9% |
| Philippines | 1.7 | 2.6 | 3.4 | 1.8 | 1.9% |
| Myanmar | 0.8 | 1.1 | 0.8 | 0.5 | -14.5% |
| Thailand | 0.8 | N/A | 0.2 | 0.2 | -37.0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Others | 0.5 | 1.0 | 0.8 | 0.7 | 11.9% |
| Total | 6.2 | 7.6 | 8.9 | 5.7 | -2.8% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Indonesia in 2022:
- Malaysia (8.6K tons)
- Philippines (2.8K tons)
- Myanmar (0.9K tons)
- Thailand (0.7K tons)
- Taiwan (Chinese) (0.4K tons)
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