Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia - 2022
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia (CIF) - 2022
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia (FOB) - 2022
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia (CIF) - 2022
The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $548 per ton in March 2022, with an increase of 4.5% against the previous month. In general, import price indicated buoyant growth from March 2021 to March 2022: its price increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, import price for silicates; of sodium (excluding sodium metasilicates)s decreased by -3.4% against January 2022 indices. The most prominent rate of growth was recorded in April 2021 an increase of 32% month-to-month. The import price peaked at $567 per ton in January 2022; however, from February 2022 to March 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($1,274 per ton), while the price for China ($452 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia (FOB) - 2022
In March 2022, the average export price for silicates; of sodium (excluding sodium metasilicates)s amounted to $337 per ton, reducing by -14.1% against the previous month. Over the period under review, export price indicated a pronounced increase from March 2021 to March 2022: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for silicates; of sodium (excluding sodium metasilicates)s increased by +38.6% against October 2021 indices. The pace of growth appeared the most rapid in November 2021 when the average export price increased by 28% m-o-m. The export price peaked at $392 per ton in February 2022, and then declined in the following month.
There were significant differences in the average prices for the major overseas markets. In March 2022, the country with the highest price was Vietnam ($739 per ton), while the average price for exports to Hong Kong SAR ($300 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia
In 2022, approx. 30K tons of silicates; of sodium (excluding sodium metasilicates)s were imported into Indonesia; reducing by -16% against 2021 figures. In general, imports recorded a deep reduction. The smallest decline of -11.2% was in 2020.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s expanded markedly to $15M in 2022. Overall, imports showed a abrupt slump.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.9 | 8.6 | 8.9 | 9.1 | -11.0% |
| Taiwan (Chinese) | 1.3 | 1.5 | 2.1 | 2.8 | 29.1% |
| Thailand | N/A | N/A | 0.1 | 1.3 | 1200.0% |
| United States | 0.5 | 0.6 | 0.9 | 0.7 | 11.9% |
| Germany | 5.3 | 0.5 | 0.3 | 0.3 | -61.6% |
| Saudi Arabia | 0.2 | 0.9 | 0.1 | N/A | -29.3% |
| Others | 0.9 | 0.9 | 0.9 | 0.7 | -8.0% |
| Total | 21.2 | 13.0 | 13.3 | 15.0 | -10.9% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Indonesia in 2022:
- China (20.6K tons)
- Taiwan (Chinese) (3.8K tons)
- Thailand (3.2K tons)
- United States (1.6K tons)
- Germany (0.2K tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia
After three years of growth, overseas shipments of silicates; of sodium (excluding sodium metasilicates)s decreased by -21.2% to 26K tons in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 42%.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s stood at $9.5M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 +73.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.0 | 2.9 | 3.7 | 5.7 | 41.8% |
| Philippines | 1.5 | 2.7 | 3.3 | 2.2 | 13.6% |
| Myanmar | 0.8 | 1.3 | 1.0 | 0.9 | 4.0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Thailand | 0.7 | N/A | 0.2 | N/A | -46.5% |
| Others | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Total | 5.5 | 7.3 | 8.7 | 9.5 | 20.0% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Indonesia in 2022:
- Malaysia (16.8K tons)
- Philippines (5.3K tons)
- Myanmar (2.0K tons)
- Taiwan (Chinese) (0.7K tons)
- Thailand (0.1K tons)
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