Price for Silicates; Commercial Alkali Metal Silicates in Portugal - 2023

Price for Silicates; Commercial Alkali Metal Silicates in Portugal (CIF) - 2022

The average import price for silicates; commercial alkali metal silicateses stood at $574 per ton in 2022, jumping by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($1,059 per ton), while the price for China ($448 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicates; Commercial Alkali Metal Silicates in Portugal (FOB) - 2022

The average export price for silicates; commercial alkali metal silicateses stood at $967 per ton in 2022, picking up by 38% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average export price increased by 67% against the previous year. As a result, the export price attained the peak level of $1,203 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,589 per ton), while the average price for exports to Spain ($704 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 Germany (+17.2%), while the prices for the other major destinations experienced a decline.

Imports of Silicates; Commercial Alkali Metal Silicates in Portugal

In 2022, the amount of silicates; commercial alkali metal silicateses imported into Portugal shrank to 10K tons, dropping by -6.5% on 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 11K tons, and then shrank in the following year.

In value terms, silicates; commercial alkali metal silicates imports soared to $5.9M in 2022. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Silicates; Commercial Alkali Metal Silicates in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Egypt	N/A	27.9	588	2,253	798.6%
Spain	2,443	1,882	2,645	1,873	-8.5%
China	253	262	336	626	35.3%
Belgium	215	126	317	287	10.1%
Italy	288	174	170	204	-10.9%
Others	450	603	944	657	13.4%
Total	3,650	3,075	5,000	5,900	17.4%

Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Portugal in 2022:

Egypt (4.9K tons)
Spain (3.3K tons)
China (1.4K tons)
Belgium (0.3K tons)
Italy (0.1K tons)

Exports of Silicates; Commercial Alkali Metal Silicates in Portugal

After three years of growth, overseas shipments of silicates; commercial alkali metal silicateses decreased by -21.9% to 4.1K tons in 2022. Over the period under review, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +3.8% 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 +11.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. As a result, the exports attained the peak of 5.2K tons, and then declined rapidly in the following year.

In value terms, silicates; commercial alkali metal silicates exports totaled $3.9M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.