Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $58 per ton, standing approx. at the previous year. Overall, the import price, however, continues to indicate a sharp slump. The pace of growth appeared the most rapid in 2018 an increase of 65%. The import price peaked at $1,140 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the United States ($186 per ton), while the price for China ($13 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-22.9%), while the prices for the other major suppliers experienced a decline.
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India (FOB) - 2022
The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $864 per ton in 2022, waning by -8% against the previous year. In general, the export price, however, recorded a perceptible expansion. The growth pace was the most rapid in 2021 an increase of 53%. As a result, the export price attained the peak level of $939 per ton, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,545 per ton), while the average price for exports to Tanzania ($194 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 Kenya (+5.7%), 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 India
In 2022, purchases abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -21.4% to 242K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 119%. As a result, imports attained the peak of 313K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia fell sharply to $14M in 2022. Overall, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%. As a result, imports reached the peak of $20M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.0 | 5.0 | 0.1 | 7.7 | 56.7% |
| China | 2.3 | 2.6 | 3.1 | 1.4 | -15.3% |
| United States | 1.1 | 1.1 | 1.7 | 0.8 | -10.1% |
| Malaysia | 0.1 | 2.1 | 2.2 | 0.8 | 100.0% |
| Japan | 1.2 | 0.6 | 1.5 | 0.7 | -16.4% |
| Netherlands | 1.3 | 1.5 | 1.3 | 0.4 | -32.5% |
| Germany | 2.6 | 1.7 | 0.7 | 0.3 | -51.3% |
| South Korea | 0.2 | 0.9 | 0.9 | 0.1 | -20.6% |
| Others | 2.1 | 3.9 | 6.1 | 1.8 | -5.0% |
| Total | 12.8 | 19.5 | 17.6 | 14.0 | 3.0% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to India in 2022:
- China (102.3K tons)
- United Arab Emirates (101.1K tons)
- Japan (8.4K tons)
- Malaysia (6.5K tons)
- Netherlands (5.5K tons)
- Germany (4.7K tons)
- United States (4.5K tons)
- South Korea (4.1K tons)
Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India
Exports of silicates; commercial alkali metal silicates, other than of sodium or potassia from India dropped to 5.5K tons in 2022, reducing by -9.7% against the previous year. Over the period under review, exports showed a perceptible shrinkage. The growth pace was the most rapid in 2021 when exports increased by 2.6% against the previous year.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia contracted remarkably to $4.7M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57%. As a result, the exports reached the peak of $5.7M, and then dropped rapidly in the following year.
| Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 425 | 372 | 296 | 434 | 0.7% |
| Saudi Arabia | 299 | 184 | 323 | 375 | 7.8% |
| Nigeria | 509 | 578 | 498 | 369 | -10.2% |
| Germany | 55.7 | 5.8 | 63.6 | 324 | 79.8% |
| Kenya | 242 | 293 | 310 | 324 | 10.2% |
| South Africa | 103 | 185 | 157 | 277 | 39.1% |
| Colombia | 276 | 150 | 428 | 226 | -6.4% |
| Philippines | 66.9 | 88.2 | 199 | 174 | 37.5% |
| Singapore | 111 | 113 | 133 | 167 | 14.6% |
| Tanzania | 224 | 170 | 41.4 | 115 | -19.9% |
| Nepal | 53.3 | 5.5 | 20.9 | 99.4 | 23.1% |
| Vietnam | 107 | 52.9 | 80.0 | 80.9 | -8.9% |
| Jordan | N/A | N/A | 32.5 | 57.4 | 76.6% |
| Others | 1,346 | 1,429 | 3,130 | 1,720 | 8.5% |
| Total | 3,817 | 3,627 | 5,713 | 4,744 | 7.5% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from India in 2022:
- Bangladesh (752.2 tons)
- Tanzania (593.7 tons)
- Singapore (524.0 tons)
- Nigeria (498.4 tons)
- Kenya (361.0 tons)
- Saudi Arabia (334.2 tons)
- Nepal (270.0 tons)
- Philippines (215.4 tons)
- Germany (209.9 tons)
- Colombia (189.0 tons)
- South Africa (181.1 tons)
- Jordan (166.1 tons)
- Vietnam (113.4 tons)
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