Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Bangladesh - 2022
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Bangladesh (CIF) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Bangladesh
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Bangladesh (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $1,188 per ton, which is down by -10.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. As a result, import price attained the peak level of $1,329 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($1,544 per ton), while the price for Malaysia ($248 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Bangladesh
In 2022, approx. 4.4K tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were imported into Bangladesh; picking up by 2.3% on the previous year's figure. The total import volume increased at an average annual rate of +12.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 43%. As a result, imports attained the peak of 4.4K tons; afterwards, it flattened through to 2022.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia shrank to $5.2M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +55.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 41% against the previous year.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 650 | 1,444 | 2,555 | 2,056 | 46.8% |
| Taiwan (Chinese) | 1,431 | 1,722 | 2,189 | 1,749 | 6.9% |
| China | 734 | 1,045 | 532 | 1,105 | 14.6% |
| India | 412 | 366 | 291 | 262 | -14.0% |
| Pakistan | 31.5 | 62.5 | 96.3 | 33.1 | 1.7% |
| Malaysia | 34.2 | 38.5 | 5.7 | 2.9 | -56.1% |
| Others | 86.3 | 72.6 | 68.9 | 37.2 | -24.5% |
| Total | 3,379 | 4,750 | 5,738 | 5,244 | 15.8% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Bangladesh in 2022:
- Thailand (1720.1 tons)
- Taiwan (Chinese) (1132.8 tons)
- China (716.5 tons)
- India (697.3 tons)
- Pakistan (69.5 tons)
- Malaysia (11.6 tons)
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