Price for Silicates; Commercial Alkali Metal Silicates in Singapore - 2022

Contents:

  1. Price for Silicates; Commercial Alkali Metal Silicates in Singapore (CIF) - 2022
  2. Price for Silicates; Commercial Alkali Metal Silicates in Singapore (FOB) - 2022
  3. Imports of Silicates; Commercial Alkali Metal Silicates in Singapore
  4. Exports of Silicates; Commercial Alkali Metal Silicates in Singapore

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

In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $346 per ton, waning by -16.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 21%. Over the period under review, average import prices hit record highs at $651 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,516 per ton), while the price for Malaysia ($180 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for silicates; commercial alkali metal silicateses stood at $3,194 per ton in 2022, surging by 12% against the previous year. In general, the export price continues to indicate a measured increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 170% against the previous year. As a result, the export price attained the peak level of $5,862 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($5,857 per ton), while the average price for exports to Australia ($700 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 Bangladesh (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicates; Commercial Alkali Metal Silicates in Singapore

For the fourth consecutive year, Singapore recorded growth in supplies from abroad of silicates; commercial alkali metal silicateses, which increased by 0.3% to 15K tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, silicates; commercial alkali metal silicates imports shrank notably to $5.3M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of $6.3M, and then dropped sharply in the following year.

Import of Silicates; Commercial Alkali Metal Silicates in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia1,2021,4322,4302,43026.4%
United States1,8942,1132,7001,667-4.2%
China38433148459415.7%
India38.74.620.316160.8%
Netherlands29813611884.4-34.3%
Others7081,012516342-21.5%
Total4,5255,0286,2685,2805.3%

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

  1. Malaysia (13.5K tons)
  2. China (0.7K tons)
  3. India (0.5K tons)
  4. United States (0.3K tons)
  5. Netherlands (0.1K tons)

Exports of Silicates; Commercial Alkali Metal Silicates in Singapore

In 2022, approx. 415 tons of silicates; commercial alkali metal silicateses were exported from Singapore; falling by -10.2% against the previous year. Overall, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year.

In value terms, silicates; commercial alkali metal silicates exports totaled $1.3M in 2022. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 78% against the previous year.

Export of Silicates; Commercial Alkali Metal Silicates in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Israel4801464315263.1%
Indonesia45.737.563.923873.3%
Malaysia786239356169-40.1%
Pakistan46.747.963.214846.9%
Bangladesh44.48.527.956.58.4%
Vietnam32.424.913116.2-20.6%
Papua New Guinea6.289.621.17.35.6%
Madagascar2.82.00.56.331.0%
Brunei Darussalam26.744.12.61.3-63.5%
Others11599.321915811.2%
Total1,5867381,3171,326-5.8%

Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Singapore in 2022:

  1. Indonesia (95.2 tons)
  2. Pakistan (93.8 tons)
  3. Israel (89.7 tons)
  4. Malaysia (40.3 tons)
  5. Bangladesh (28.7 tons)
  6. Papua New Guinea (9.7 tons)
  7. Madagascar (8.6 tons)
  8. Vietnam (7.9 tons)
  9. Brunei Darussalam (1.4 tons)

Source: IndexBox Market Intelligence Platform

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