Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand - 2024
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand (FOB) - 2024
- Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand (CIF) - 2024
- Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand
- Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand (FOB) - 2024
The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $666 per ton in November 2023, declining by -64.5% against the previous month. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 32% against the previous month. As a result, the export price reached the peak level of $1,876 per ton, and then shrank remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Pakistan ($1,870 per ton), while the average price for exports to Lao People's Democratic Republic ($512 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand (CIF) - 2024
In November 2023, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $1,498 per ton, picking up by 27% against the previous month. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in June 2023 an increase of 117% against the previous month. The import price peaked at $2,479 per ton in April 2023; however, from May 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($4,742 per ton), while the price for Turkey ($188 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand
In 2022, approx. 10K tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were exported from Thailand; increasing by 20% against the previous year. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia surged to $17M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.3 | 4.3 | 4.4 | 5.7 | 9.9% |
| Turkey | 1.4 | 1.8 | 1.8 | 3.7 | 38.3% |
| Bangladesh | 0.7 | 1.5 | 2.6 | 3.4 | 69.4% |
| Pakistan | 0.4 | 1.0 | 1.4 | 1.6 | 58.7% |
| Indonesia | 0.4 | 0.1 | 0.7 | 1.1 | 40.1% |
| Malaysia | 0.4 | N/A | 0.1 | 0.2 | -20.6% |
| Others | 0.2 | 0.2 | 0.7 | 0.8 | 58.7% |
| Total | 7.8 | 8.9 | 11.6 | 16.5 | 28.4% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Thailand in 2022:
- Vietnam (3.2K tons)
- Turkey (2.6K tons)
- Bangladesh (1.9K tons)
- Indonesia (1.0K tons)
- Pakistan (0.8K tons)
- Malaysia (0.1K tons)
Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand
Imports of silicates; commercial alkali metal silicates, other than of sodium or potassia into Thailand soared to 4.3K tons in 2022, with an increase of 44% on the year before. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia expanded notably to $6.1M in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,310 | 1,518 | 2,021 | 1,776 | 10.7% |
| China | 591 | 478 | 993 | 1,479 | 35.8% |
| South Korea | 24.9 | 17.1 | 1,052 | 849 | 224.3% |
| Malaysia | 374 | 291 | 526 | 736 | 25.3% |
| United States | 213 | 194 | 164 | 397 | 23.1% |
| Taiwan (Chinese) | 23.3 | 0.3 | 147 | 257 | 122.6% |
| Turkey | 10.4 | 23.9 | 27.3 | 28.6 | 40.1% |
| Switzerland | 175 | 176 | 93.3 | N/A | -27.0% |
| Madagascar | N/A | 498 | N/A | N/A | 0% |
| Others | 540 | 401 | 553 | 541 | 0.1% |
| Total | 3,262 | 3,597 | 5,576 | 6,064 | 23.0% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to Thailand in 2022:
- Malaysia (1495.1 tons)
- China (1253.0 tons)
- Japan (602.6 tons)
- South Korea (306.0 tons)
- Taiwan (Chinese) (157.7 tons)
- Turkey (144.0 tons)
- United States (131.5 tons)
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