Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada (FOB) - 2023
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada (CIF) - 2023
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada (FOB) - 2023
The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $928 per ton in October 2023, picking up by 46% against the previous month. In general, the export price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 261% against the previous month. As a result, the export price reached the peak level of $3,826 per ton. From September 2023 to October 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -3.7% per month.
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada (CIF) - 2023
The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $4,954 per ton in October 2023, increasing by 65% against the previous month. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Switzerland ($6,737 per ton), while the price for Germany ($1,762 per ton) was amongst the lowest.
From December 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+33.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada
In 2022, approx. 13K tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were exported from Canada; growing by 9.2% against the year before. In general, exports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia declined to $14M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of $15M, and then declined in the following year.
| Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.1 | 12.5 | 14.9 | 13.6 | -1.2% |
| Others | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Total | 14.2 | 12.6 | 15.1 | 13.8 | -0.9% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Canada in 2022:
- United States (12.7K tons)
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada
In 2022, approx. 2.7K tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were imported into Canada; increasing by 8.7% on 2021. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia reached $8.6M in 2022. The total import value increased at an average annual rate of +4.0% 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 2021 with an increase of 42%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 5.2 | 6.7 | 7.9 | 8.4% |
| China | 0.6 | 0.1 | 0.1 | 0.1 | -45.0% |
| Others | 0.9 | 0.5 | 1.5 | 0.6 | -12.6% |
| Total | 7.6 | 5.8 | 8.2 | 8.6 | 4.2% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Canada in 2022:
- United States (2523.2 tons)
- China (40.3 tons)
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