Price for Silicates; Commercial Alkali Metal Silicates in Sri Lanka - 2021
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Sri Lanka (CIF) - 2022
- Price for Silicates; Commercial Alkali Metal Silicates in Sri Lanka (FOB) - 2022
- Imports of Silicates; Commercial Alkali Metal Silicates in Sri Lanka
- Exports of Silicates; Commercial Alkali Metal Silicates in Sri Lanka
Price for Silicates; Commercial Alkali Metal Silicates in Sri Lanka (CIF) - 2022
The average import price for silicates; commercial alkali metal silicateses stood at $455 per ton in 2022, growing by 31% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicates; commercial alkali metal silicates import price increased by +52.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 72% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($1,640 per ton), while the price for China ($360 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; Commercial Alkali Metal Silicates in Sri Lanka (FOB) - 2022
In 2022, the average export price for silicates; commercial alkali metal silicateses amounted to $1,309 per ton, falling by -28% against the previous year. Over the period under review, the export price, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $2,088 per ton. From 2019 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 Ethiopia ($3,595 per ton), while the average price for exports to Australia ($503 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 Ethiopia (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; Commercial Alkali Metal Silicates in Sri Lanka
In 2022, purchases abroad of silicates; commercial alkali metal silicateses decreased by -0.2% to 3.9K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a slight shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 7.1%. As a result, imports reached the peak of 4.3K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, silicates; commercial alkali metal silicates imports soared to $1.8M in 2022. The total import value increased at an average annual rate of +10.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Commercial Alkali Metal Silicates in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 333 | 399 | 751 | 871 | 37.8% |
| Pakistan | N/A | N/A | N/A | 638 | 0% |
| China | 609 | 600 | 216 | 133 | -39.8% |
| Others | 372 | 282 | 381 | 123 | -30.9% |
| Total | 1,315 | 1,281 | 1,348 | 1,765 | 10.3% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Sri Lanka in 2022:
- India (2035.9 tons)
- Pakistan (1389.0 tons)
- China (370.5 tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Sri Lanka
For the fourth consecutive year, Sri Lanka recorded growth in shipments abroad of silicates; commercial alkali metal silicateses, which increased by 735% to 15 tons in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicates; commercial alkali metal silicates exports surged to $19K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicates; Commercial Alkali Metal Silicates in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | N/A | N/A | 0.2 | 9.8 | 4800.0% |
| Australia | 0.5 | 1.0 | 0.2 | 4.5 | 108.0% |
| Ethiopia | N/A | N/A | 0.3 | 3.9 | 1200.0% |
| China | N/A | N/A | N/A | 1.2 | 0% |
| Japan | N/A | N/A | 2.0 | N/A | 0% |
| India | 0.8 | 1.1 | 0.5 | N/A | -20.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.4 | 2.1 | 3.2 | 19.4 | 140.2% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Sri Lanka in 2022:
- Australia (9.0 tons)
- Bangladesh (4.0 tons)
- Ethiopia (1.1 tons)
- China (0.8 tons)
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