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

Contents:

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

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

The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $1,217 per ton in 2022, approximately reflecting the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -13.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 76%. The import price peaked at $1,407 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Finland ($2,677 per ton), while the price for Norway ($756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+24.1%), 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 Sweden (FOB) - 2023

The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $3,035 per ton in October 2023, picking up by 124% against the previous month. Overall, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($6,078 per ton), while the average price for exports to Norway ($1,947 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+8.6%), 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 Sweden

In 2022, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia into Sweden surged to 2.4K tons, increasing by 45% against 2021. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia surged to $2.9M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Germany (1482.3 tons)
2. Norway (382.8 tons)
3. Denmark (201.3 tons)
4. Poland (175.6 tons)
5. Netherlands (34.8 tons)

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

In 2022, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia from Sweden surged to 850 tons, picking up by 25% compared with 2021 figures. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +69.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia rose rapidly to $1.2M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

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

1. Norway (425.9 tons)
2. Belgium (114.0 tons)
3. India (107.8 tons)
4. Finland (59.6 tons)
5. Denmark (45.1 tons)
6. Spain (16.8 tons)

Source: IndexBox Market Intelligence Platform