Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela - 2022

Contents:

  1. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela (CIF) - 2022
  2. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela (FOB) - 2022
  3. Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela
  4. Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela (CIF) - 2022

In 2022, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $440 per ton, increasing by 18% against the previous year. Overall, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 102%. Over the period under review, average import prices hit record highs at $887 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,678 per ton), while the price for China ($297 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+53.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela (FOB) - 2022

The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $1,079 per ton in 2022, picking up by 15% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 an increase of 123%. The export price peaked at $1,852 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,092 per ton), while the average price for exports to Trinidad and Tobago totaled $1,069 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+9.5%).

Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela

In 2022, imports of silicates; of sodium (excluding sodium metasilicates)s into Venezuela surged to 510 tons, with an increase of 336% compared with 2021 figures. In general, imports continue to indicate a significant expansion. 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 surged to $224K in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia6.413.38.5111158.8%
Netherlands26.120.716.354.627.9%
United States24.116.911.734.512.7%
China12.43.24.118.013.2%
Switzerland6.23.11.62.3-28.1%
Others3.62.21.43.4-1.9%
Total78.759.443.522441.7%

Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Venezuela in 2022:

  1. Colombia (354.0 tons)
  2. China (60.6 tons)
  3. United States (55.4 tons)
  4. Netherlands (32.5 tons)
  5. Switzerland (3.3 tons)

Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela

For the third consecutive year, Venezuela recorded decline in overseas shipments of silicates; of sodium (excluding sodium metasilicates)s, which decreased by -20% to 4.8 tons in 2022. Overall, exports showed a dramatic curtailment. The smallest decline of -20% was in 2020.

In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s shrank to $5.1K in 2022. In general, exports continue to indicate a deep reduction. The smallest decline of -8.3% was in 2021.

Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Trinidad and Tobago4.03.63.33.1-8.1%
Canada2.72.42.22.1-8.0%
OthersN/AN/AN/AN/A0%
Total6.66.15.65.1-8.2%

Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Venezuela in 2022:

  1. Trinidad and Tobago (2.9 tons)
  2. Canada (1.9 tons)

Source: IndexBox Market Intelligence Platform

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