Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in China - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in China (FOB) - 2023
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in China (CIF) - 2022
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in China
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in China
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in China (FOB) - 2023
The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $297 per ton in September 2023, increasing by 13% against the previous month. Overall, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in March 2023 an increase of 29% month-to-month. As a result, the export price attained the peak level of $516 per ton. From April 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Japan ($412 per ton), while the average price for exports to South Korea ($264 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-0.3%), while the prices for the other major destinations experienced a decline.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in China (CIF) - 2022
In 2022, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $929 per ton, waning by -29.3% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 98%. Over the period under review, average import prices attained the peak figure at $3,086 per ton in 2014; however, from 2015 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 the UK ($11,674 per ton), while the price for Taiwan (Chinese) ($352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in China
In 2022, exports of silicates; of sodium (excluding sodium metasilicates)s from China declined to 297K tons, dropping by -4.9% on 2021 figures. In general, exports showed a noticeable curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 8.4%.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s expanded notably to $125M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.0% 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 +53.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 28.1 | 21.6 | 32.3 | 40.0 | 12.5% |
Japan | 16.2 | 11.9 | 16.1 | 19.4 | 6.2% |
Taiwan (Chinese) | 3.6 | 8.3 | 20.0 | 16.9 | 67.4% |
Indonesia | 7.6 | 9.8 | 10.4 | 12.2 | 17.1% |
Guatemala | 2.6 | 3.9 | 2.9 | 6.0 | 32.1% |
Dominican Republic | 0.3 | 0.8 | 0.4 | 3.1 | 117.8% |
Philippines | 2.1 | 1.4 | 1.7 | 3.0 | 12.6% |
Angola | 0.1 | 0.8 | 0.1 | 2.7 | 200.0% |
Nigeria | 0.6 | 0.4 | N/A | 2.5 | 60.9% |
Hong Kong SAR | 5.7 | 5.4 | 5.6 | 2.3 | -26.1% |
Thailand | 3.2 | 0.8 | 0.5 | 1.6 | -20.6% |
Others | 13.9 | 16.2 | 21.3 | 15.0 | 2.6% |
Total | 84.1 | 81.3 | 111 | 125 | 14.1% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from China in 2022:
- South Korea (108.7K tons)
- Japan (47.1K tons)
- Taiwan (Chinese) (43.2K tons)
- Indonesia (20.6K tons)
- Guatemala (14.6K tons)
- Nigeria (11.1K tons)
- Dominican Republic (9.3K tons)
- Angola (6.8K tons)
- Hong Kong SAR (5.4K tons)
- Philippines (3.9K tons)
- Thailand (3.9K tons)
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in China
In 2022, the amount of silicates; of sodium (excluding sodium metasilicates)s imported into China surged to 6K tons, growing by 107% against the previous year's figure. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $5.6M in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 80%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 303 | 167 | 1,374 | 1,708 | 78.0% |
Taiwan (Chinese) | 446 | 323 | 619 | 1,645 | 54.5% |
United Kingdom | 648 | 553 | 668 | 1,087 | 18.8% |
Japan | 708 | 367 | 567 | 691 | -0.8% |
Netherlands | 466 | 308 | 342 | 282 | -15.4% |
Germany | 401 | 269 | 105 | 104 | -36.2% |
Others | 210 | 137 | 153 | 101 | -21.7% |
Total | 3,182 | 2,123 | 3,829 | 5,618 | 20.9% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to China in 2022:
- Taiwan (Chinese) (4672.7 tons)
- Japan (620.4 tons)
- United States (405.8 tons)
- Netherlands (193.9 tons)
- United Kingdom (93.1 tons)
- Germany (27.6 tons)
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