Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia - 2022

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia (CIF) - 2022
2. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia (FOB) - 2022
3. Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia
4. Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia (CIF) - 2022

In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $2,310 per ton, with an increase of 41% against the previous year. In general, the import price showed buoyant growth. The growth pace was the most rapid in 2017 when the average import price increased by 103%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue 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 Brazil ($5,651 per ton), while the price for Sweden ($1,090 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia (FOB) - 2022

In 2022, the average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $329 per ton, waning by -8.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21%. The export price peaked at $400 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($5,100 per ton), while the average price for exports to Panama ($217 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia

In 2022, approx. 721 tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were imported into Colombia; shrinking by -15.1% compared with the previous year's figure. Overall, total imports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% 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 +33.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57%. As a result, imports attained the peak of 850 tons, and then fell notably in the following year.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia skyrocketed to $1.7M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +84.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Colombia in 2022:

1. India (297.7 tons)
2. United States (165.2 tons)
3. Switzerland (68.5 tons)
4. Sweden (67.2 tons)
5. Peru (46.4 tons)
6. China (40.2 tons)
7. Brazil (18.0 tons)

Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Colombia

In 2022, overseas shipments of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -87.9% to 624 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year. As a result, the exports reached the peak of 8.5K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia fell notably to $205K in 2022. Overall, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 76% against the previous year. As a result, the exports reached the peak of $3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Colombia in 2022:

1. Costa Rica (208.9 tons)
2. Ecuador (160.5 tons)
3. Bolivia (146.0 tons)
4. Panama (101.0 tons)

Source: IndexBox Market Intelligence Platform