Price for Silicates; Commercial Alkali Metal Silicates in Libya - 2022
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Libya (CIF) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in Libya
Price for Silicates; Commercial Alkali Metal Silicates in Libya (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $770 per ton, growing by 40% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 45%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($908 per ton), while the price for China ($151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Silicates; Commercial Alkali Metal Silicates in Libya
After three years of growth, overseas purchases of silicates; commercial alkali metal silicateses decreased by -30.1% to 1.3K tons in 2022. In general, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of 1.9K tons, and then contracted sharply in the following year.
In value terms, silicates; commercial alkali metal silicates imports dropped modestly to $1M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $1M, and then declined in the following year.
| Import of Silicates; Commercial Alkali Metal Silicates in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 443 | 455 | 749 | 572 | 8.9% |
| Egypt | 167 | 254 | 247 | 361 | 29.3% |
| China | 2.8 | 6.4 | N/A | 7.6 | 39.5% |
| Others | 72.4 | 96.9 | 26.2 | 59.7 | -6.2% |
| Total | 685 | 813 | 1,022 | 1,001 | 13.5% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Libya in 2022:
- Spain (630.1 tons)
- Egypt (599.2 tons)
- China (50.3 tons)
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