Silicates; Sodium Metasilicates Price in China - 2023
Contents:
- Silicates; Sodium Metasilicates Price in China (FOB) - 2023
- Silicates; Sodium Metasilicates Price in China (CIF) - 2022
- Silicates; Sodium Metasilicates Exports in China
- Silicates; Sodium Metasilicates Imports in China
Silicates; Sodium Metasilicates Price in China (FOB) - 2023
In September 2023, the average silicates; sodium metasilicates export price amounted to $320 per ton, almost unchanged from the previous month. Over the period under review, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 2.5% against the previous month. Over the period under review, the average export prices reached the peak figure at $434 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($429 per ton), while the average price for exports to Kuwait ($98.0 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.2%), while the prices for the other major destinations experienced a decline.
Silicates; Sodium Metasilicates Price in China (CIF) - 2022
In 2022, the average silicates; sodium metasilicates import price amounted to $6,536 per ton, rising by 106% against the previous year. In general, the import price recorded a resilient expansion. 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 the United States ($11,204 per ton), while the price for the Netherlands ($841 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicates; Sodium Metasilicates Exports in China
In 2022, after two years of decline, there was significant growth in overseas shipments of silicates; sodium metasilicateses, when their volume increased by 51% to 74K tons. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, silicates; sodium metasilicates exports soared to $33M in 2022. Over the period under review, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silicates; Sodium Metasilicates in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.7 | 0.5 | 0.1 | 5.2 | 95.1% |
| Japan | 4.4 | 3.0 | 3.7 | 3.7 | -5.6% |
| Canada | 1.3 | 0.7 | 0.5 | 3.1 | 33.6% |
| Saudi Arabia | 0.2 | 0.1 | 0.1 | 1.8 | 108.0% |
| Malaysia | 0.9 | 0.9 | 1.4 | 1.4 | 15.9% |
| Kenya | 0.2 | 0.4 | 0.6 | 1.4 | 91.3% |
| Russia | 0.8 | 0.9 | 0.7 | 1.4 | 20.5% |
| Ghana | 0.2 | 0.5 | 0.3 | 1.3 | 86.6% |
| Senegal | 0.2 | 0.5 | 0.3 | 1.3 | 86.6% |
| South Korea | 1.0 | 0.7 | 0.9 | 1.1 | 3.2% |
| Turkey | 1.2 | 0.7 | 0.5 | 1.0 | -5.9% |
| South Africa | 1.1 | 0.8 | 0.9 | 1.0 | -3.1% |
| Vietnam | 0.2 | 0.3 | 0.4 | 0.6 | 44.2% |
| Others | 8.2 | 5.9 | 5.9 | 8.3 | 0.4% |
| Total | 20.6 | 15.8 | 16.3 | 32.5 | 16.4% |
Top Export Markets for Silicates; Sodium Metasilicates from China in 2022:
- United States (8.6K tons)
- Japan (6.9K tons)
- Canada (5.3K tons)
- Saudi Arabia (5.2K tons)
- Malaysia (3.8K tons)
- Kenya (3.4K tons)
- Ghana (3.2K tons)
- Senegal (3.2K tons)
- Turkey (2.9K tons)
- Russia (2.9K tons)
- South Africa (2.7K tons)
- South Korea (2.7K tons)
- Vietnam (1.6K tons)
Silicates; Sodium Metasilicates Imports in China
For the third year in a row, China recorded decline in supplies from abroad of silicates; sodium metasilicateses, which decreased by -43.2% to 20 tons in 2022. In general, imports showed a precipitous shrinkage. The smallest decline of -21.3% was in 2021.
In value terms, silicates; sodium metasilicates imports soared to $134K in 2022. Overall, imports recorded a sharp descent.
| Import of Silicates; Sodium Metasilicates in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 31.9 | 51.6 | 61.6 | 67.2 | 28.2% |
| United States | 169 | 54.2 | 18.7 | 49.2 | -33.7% |
| Netherlands | 0.6 | 0.8 | 13.7 | 5.7 | 111.8% |
| Singapore | N/A | N/A | 12.8 | 3.5 | -72.7% |
| Germany | 0.7 | 0.9 | 3.1 | 2.1 | 44.2% |
| Malaysia | 8.3 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 68.0 | N/A | N/A | N/A | 0% |
| Others | 7.2 | 81.7 | 4.5 | 6.1 | -5.4% |
| Total | 286 | 189 | 114 | 134 | -22.3% |
Top Suppliers of Silicates; Sodium Metasilicates to China in 2022:
- Netherlands (6.8 tons)
- Japan (6.7 tons)
- United States (4.4 tons)
- Singapore (1.7 tons)
- Germany (0.6 tons)
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