Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Denmark - 2023

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Denmark (CIF) - 2023
2. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Denmark (FOB) - 2022
3. Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Denmark
4. Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Denmark

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Denmark (CIF) - 2023

In September 2023, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $1,452 per ton, therefore, remained relatively stable against the previous month. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 17% m-o-m. Over the period under review, average import prices reached the peak figure at $1,795 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($6,146 per ton), while the price for the Czech Republic ($544 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), 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 Denmark (FOB) - 2022

In 2022, the average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $1,472 per ton, waning by -26.2% against the previous year. Over the period under review, the export price showed a deep slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 43% against the previous year. The export price peaked at $3,426 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($2,717 per ton), while the average price for exports to the United States ($1,277 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 Finland (-1.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia, when their volume decreased by -29.8% to 5K tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.5% 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 +38.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports attained the peak of 7.1K tons, and then declined dramatically in the following year.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia contracted rapidly to $8.4M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +46.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of $10M, and then shrank notably in the following year.

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

1. Netherlands (3000.8 tons)
2. Germany (832.6 tons)
3. Poland (514.8 tons)
4. Czech Republic (511.4 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia, when their volume decreased by -35% to 3.2K tons. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia reduced rapidly to $4.7M in 2022. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. As a result, the exports reached the peak of $9.8M, and then fell remarkably in the following year.

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

1. Germany (1270.2 tons)
2. Poland (1147.6 tons)
3. Sweden (155.7 tons)
4. United States (154.0 tons)
5. Netherlands (88.4 tons)
6. United Kingdom (84.3 tons)
7. Switzerland (71.6 tons)
8. Finland (55.1 tons)

Source: IndexBox Market Intelligence Platform