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

Contents:

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

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

In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $1,619 per ton, growing by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 77% against the previous year. As a result, import price reached the peak level of $2,947 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Italy ($4,757 per ton), while the price for China ($873 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.6%), 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 Turkey (FOB) - 2022

The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $673 per ton in 2022, growing by 12% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($927 per ton), while the average price for exports to Russia ($101 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 Egypt (+17.8%), 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 Turkey

In 2022, overseas purchases of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -4% to 2K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 53%. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia expanded sharply to $3.2M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (688.4 tons)
2. Pakistan (550.8 tons)
3. Germany (250.0 tons)
4. United States (141.6 tons)
5. Netherlands (133.3 tons)
6. South Africa (48.1 tons)
7. Russia (44.0 tons)

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

In 2022, approx. 1.8K tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were exported from Turkey; remaining stable against 2021. In general, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia rose markedly to $1.2M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +59.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 42%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. Egypt (653.4 tons)
2. Romania (415.9 tons)
3. Tunisia (240.2 tons)
4. Saudi Arabia (215.1 tons)
5. United States (102.1 tons)
6. Uzbekistan (52.4 tons)
7. Russia (28.0 tons)

Source: IndexBox Market Intelligence Platform