Price for Silicates; Commercial Alkali Metal Silicates in the UK - 2023

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates in the UK (CIF) - 2022
2. Price for Silicates; Commercial Alkali Metal Silicates in the UK (FOB) - 2023
3. Imports of Silicates; Commercial Alkali Metal Silicates in the UK
4. Exports of Silicates; Commercial Alkali Metal Silicates in the UK

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

In 2022, the average import price for silicates; commercial alkali metal silicateses amounted to $1,274 per ton, growing by 57% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,290 per ton in 2012; afterwards, it flattened through to 2022.

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 the United States ($3,399 per ton), while the price for France ($716 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicates; Commercial Alkali Metal Silicates in the UK (FOB) - 2023

In August 2023, the average export price for silicates; commercial alkali metal silicateses amounted to $4,702 per ton, with an increase of 24% against the previous month. Over the period under review, the export price showed resilient growth. The pace of growth appeared the most rapid in September 2022 an increase of 236% m-o-m. Over the period under review, the average export prices hit record highs in August 2023.

Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($9,885 per ton), while the average price for exports to Ghana ($1,461 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicates; Commercial Alkali Metal Silicates in the UK

For the third year in a row, the UK recorded decline in purchases abroad of silicates; commercial alkali metal silicateses, which decreased by -13.2% to 7.1K tons in 2022. In general, imports showed a deep reduction. The smallest decline of -9.1% was in 2021.

In value terms, silicates; commercial alkali metal silicates imports surged to $9.1M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, 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.

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

1. Netherlands (2488.0 tons)
2. Belgium (1312.0 tons)
3. Germany (620.9 tons)
4. United States (582.0 tons)
5. Sweden (518.6 tons)
6. China (356.3 tons)
7. France (341.9 tons)

Exports of Silicates; Commercial Alkali Metal Silicates in the UK

In 2022, approx. 1.8K tons of silicates; commercial alkali metal silicateses were exported from the UK; declining by -3.8% on the previous year's figure. Overall, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of 21%.

In value terms, silicates; commercial alkali metal silicates exports fell to $4.8M in 2022. Over the period under review, total exports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +47.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports reached the peak of $5.3M, and then fell in the following year.

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

1. Netherlands (432.6 tons)
2. Ireland (250.5 tons)
3. Germany (132.4 tons)
4. France (111.9 tons)
5. United States (97.2 tons)
6. Spain (95.2 tons)
7. China (80.3 tons)
8. Cyprus (77.4 tons)
9. Switzerland (63.4 tons)
10. Indonesia (63.0 tons)
11. Poland (56.5 tons)
12. Belgium (44.4 tons)
13. Sri Lanka (36.5 tons)

Source: IndexBox Market Intelligence Platform