Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Sri Lanka - 2022
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Sri Lanka (CIF) - 2022
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Sri Lanka
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Sri Lanka (CIF) - 2022
The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $443 per ton in 2022, growing by 46% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silicates; of sodium (excluding sodium metasilicates)s increased by +69.8% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Pakistan ($459 per ton), while the price for China ($260 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Sri Lanka
In 2022, approx. 3.5K tons of silicates; of sodium (excluding sodium metasilicates)s were imported into Sri Lanka; rising by 24% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s soared to $1.5M in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 213 | 327 | 411 | 735 | 51.1% |
| Pakistan | N/A | N/A | N/A | 638 | 0% |
| China | 361 | 420 | 156 | 65.1 | -43.5% |
| Thailand | 179 | 256 | 183 | N/A | 1.1% |
| Others | 121 | 187 | 102 | 104 | -4.9% |
| Total | 874 | 1,191 | 851 | 1,542 | 20.8% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Sri Lanka in 2022:
- India (1762.2 tons)
- Pakistan (1389.0 tons)
- China (250.1 tons)
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