Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK (CIF) - 2023
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK (FOB) - 2023
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK (CIF) - 2023
In August 2023, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $996 per ton, reducing by -56.1% against the previous month. Over the period under review, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in February 2023 an increase of 90% against the previous month. Over the period under review, average import prices hit record highs at $2,384 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,291 per ton), while the price for Belgium ($395 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+20.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK (FOB) - 2023
The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $7,081 per ton in August 2023, rising by 98% against the previous month. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 388% against the previous month. As a result, the export price attained the peak level of $7,237 per ton. From January 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ireland ($50,601 per ton), while the average price for exports to Ghana ($1,461 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+48.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK
For the third consecutive year, the UK recorded decline in purchases abroad of silicates; of sodium (excluding sodium metasilicates)s, which decreased by -14.6% to 2.4K tons in 2022. In general, imports recorded a dramatic curtailment. The smallest decline of -0.7% was in 2020.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s surged to $3.2M in 2022. Overall, imports saw a pronounced decline.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 26.0 | 63.9 | 5.1 | 772 | 209.7% |
| Netherlands | 2,474 | 2,099 | 1,313 | 615 | -37.1% |
| Switzerland | 1.8 | N/A | N/A | 430 | 520.5% |
| United States | 113 | 261 | 225 | 320 | 41.5% |
| Belgium | 109 | 56.9 | 51.7 | 227 | 27.7% |
| Poland | N/A | N/A | 457 | 211 | -53.8% |
| France | 643 | 835 | 79.4 | 181 | -34.5% |
| Spain | 77.4 | 62.9 | 92.5 | 129 | 18.6% |
| Germany | 38.8 | 43.4 | 130 | 127 | 48.5% |
| Italy | 7.4 | 3.9 | 3.8 | 105 | 142.1% |
| Others | 57.9 | 51.1 | 1.2 | 104 | 21.6% |
| Total | 3,549 | 3,477 | 2,359 | 3,223 | -3.2% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to the UK in 2022:
- Netherlands (567.0 tons)
- Sweden (514.6 tons)
- Belgium (402.6 tons)
- France (314.3 tons)
- Poland (127.2 tons)
- United States (104.6 tons)
- Germany (102.1 tons)
- Switzerland (98.9 tons)
- Spain (76.8 tons)
- Italy (43.3 tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK
Exports of silicates; of sodium (excluding sodium metasilicates)s from the UK soared to 1.8K tons in 2022, picking up by 129% compared with the previous year. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $2.2M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 14.3 | 7.8 | 38.5 | 522 | 231.7% |
| Germany | 16.8 | 9.7 | 315 | 394 | 186.2% |
| Ireland | 126 | 129 | 170 | 201 | 16.8% |
| Cyprus | 119 | 19.1 | 1.3 | 136 | 4.6% |
| France | 89.3 | 153 | 89.1 | 125 | 11.9% |
| Poland | 10.9 | 13.1 | 124 | 121 | 123.1% |
| United States | 27.1 | 136 | 357 | 120 | 64.2% |
| Spain | 47.6 | 53.0 | 37.2 | 71.7 | 14.6% |
| Switzerland | 62.7 | 77.3 | 85.7 | 65.0 | 1.2% |
| Belgium | 20.8 | 28.9 | 85.1 | 44.8 | 29.1% |
| Sri Lanka | 43.4 | 46.1 | 61.4 | 39.1 | -3.4% |
| China | 66.9 | 22.7 | 27.8 | N/A | -35.5% |
| Taiwan (Chinese) | 56.0 | 1.4 | 15.6 | N/A | -47.2% |
| Others | 300 | 243 | 398 | 313 | 1.4% |
| Total | 1,001 | 940 | 1,805 | 2,153 | 29.1% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from the UK in 2022:
- Netherlands (1035.1 tons)
- Ireland (191.8 tons)
- Cyprus (77.4 tons)
- Switzerland (63.3 tons)
- Spain (63.1 tons)
- France (54.0 tons)
- Germany (41.8 tons)
- Sri Lanka (36.5 tons)
- Belgium (32.4 tons)
- Poland (28.0 tons)
- United States (26.6 tons)
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