Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Venezuela - 2022

Contents:

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

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

In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $611 per ton, dropping by -27.6% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. Over the period under review, average import prices hit record highs at $1,008 per ton in 2016; however, from 2017 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 Mexico ($3,308 per ton), while the price for Peru ($277 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+26.6%), 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 Venezuela (FOB) - 2022

In 2022, the average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $182 per ton, growing by 16% against the previous year. Over the period under review, the export price, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 125% against the previous year. As a result, the export price reached the peak level of $1,737 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -11.9% per year.

Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Venezuela

In 2022, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia into Venezuela skyrocketed to 84 tons, picking up by 146% on the previous year. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 166% against the previous year. As a result, imports attained the peak of 134 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia skyrocketed to $51K in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 165%. As a result, imports reached the peak of $74K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt14.440.016.731.429.7%
Mexico4.610.23.45.02.8%
Spain2.97.22.74.616.6%
Greece1.43.91.63.130.3%
Peru0.21.40.50.858.7%
Others4.511.34.06.513.0%
Total27.973.928.951.422.6%

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

  1. Egypt (61.1 tons)
  2. Spain (14.6 tons)
  3. Peru (2.7 tons)
  4. Greece (2.1 tons)
  5. Mexico (1.5 tons)

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

After three years of growth, overseas shipments of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -6.2% to 158 tons in 2022. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 169 tons, and then fell in the following year.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia rose markedly to $29K in 2022. In general, exports recorded a abrupt curtailment.

Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia37.031.226.328.8-8.0%
OthersN/AN/AN/AN/A0%
Total37.031.226.328.8-8.0%

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

  1. Colombia (158.4 tons)

Source: IndexBox Market Intelligence Platform

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