Silicates; Sodium Metasilicates Price in Canada - 2023

Contents:

1. Silicates; Sodium Metasilicates Price in Canada (CIF) - 2023
2. Silicates; Sodium Metasilicates Price in Canada (FOB) - 2022
3. Silicates; Sodium Metasilicates Imports in Canada
4. Silicates; Sodium Metasilicates Exports in Canada

Silicates; Sodium Metasilicates Price in Canada (CIF) - 2023

The average silicates; sodium metasilicates import price stood at $741 per ton in September 2023, which is down by -13.5% against the previous month. Overall, the import price showed a slight decline. The growth pace was the most rapid in June 2023 when the average import price increased by 63% m-o-m. As a result, import price attained the peak level of $1,644 per ton. From July 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($1,435 per ton), while the price for China stood at $625 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (-1.9%).

Silicates; Sodium Metasilicates Price in Canada (FOB) - 2022

In 2022, the average silicates; sodium metasilicates export price amounted to $1,107 per ton, increasing by 72% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,131 per ton), while the average price for exports to Sweden totaled $490 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.7%).

Silicates; Sodium Metasilicates Imports in Canada

Silicates; sodium metasilicates imports into Canada skyrocketed to 6.4K tons in 2022, picking up by 69% compared with the year before. In general, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicates; sodium metasilicates imports skyrocketed to $7M in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Silicates; Sodium Metasilicates to Canada in 2022:

1. China (4.7K tons)
2. United States (1.6K tons)

Silicates; Sodium Metasilicates Exports in Canada

In 2022, approx. 667 tons of silicates; sodium metasilicateses were exported from Canada; reducing by -17.5% against 2021 figures. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 271%. As a result, the exports attained the peak of 810 tons, and then contracted markedly in the following year.

In value terms, silicates; sodium metasilicates exports skyrocketed to $739K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 157%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Silicates; Sodium Metasilicates from Canada in 2022:

1. United States (642.7 tons)
2. Sweden (16.1 tons)

Source: IndexBox Market Intelligence Platform