Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait - 2022
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait (CIF) - 2022
In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $2,634 per ton, which is down by -10.9% against the previous year. Over the period under review, the import price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 67%. Over the period under review, average import prices attained the maximum at $3,995 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,634 per ton), while the price for the Netherlands stood at $2,634 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+35.5%), 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 Kuwait (FOB) - 2022
The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $2,194 per ton in 2022, with an increase of 398% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The export price peaked at $3,200 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2018 to 2022, the rate of growth in terms of prices for Oman amounted to +10.6% per year.
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait
In 2022, after three years of growth, there was significant decline in overseas purchases of silicates; commercial alkali metal silicates, other than of sodium or potassia, when their volume decreased by -26.6% to 91 tons. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 175%. As a result, imports reached the peak of 124 tons, and then fell sharply in the following year.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia contracted markedly to $240K in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 143% against the previous year. As a result, imports attained the peak of $367K, and then plummeted in the following year.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 30.0 | 56.3 | 217 | 205 | 89.8% |
| United States | 9.0 | 16.4 | 14.9 | 35.0 | 57.3% |
| China | 7.6 | 2.3 | 4.5 | N/A | -23.1% |
| United Kingdom | 6.4 | 1.4 | 26.9 | N/A | 105.0% |
| Italy | 47.9 | 47.3 | 56.3 | N/A | 8.4% |
| Others | 24.5 | 27.5 | 47.8 | N/A | 39.7% |
| Total | 125 | 151 | 367 | 240 | 24.3% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Kuwait in 2022:
- Netherlands (77.9 tons)
- United States (13.3 tons)
Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait
In 2022, shipments abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -61.7% to 5.4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded notable growth.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia soared to $12K in 2022. In general, exports, however, recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 11.9 | 0% |
| Qatar | N/A | N/A | 6.3 | N/A | 0% |
| Oman | 4.0 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 5.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.6 | N/A | 6.3 | 11.9 | 7.4% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Kuwait in 2022:
- United Arab Emirates (5.4 tons)
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