Silicates; Sodium Metasilicates Price in Hungary - 2023

Contents:

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

Silicates; Sodium Metasilicates Price in Hungary (CIF) - 2022

The average silicates; sodium metasilicates import price stood at $502 per ton in 2022, increasing by 76% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Germany ($1,308 per ton), while the price for Poland ($410 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average silicates; sodium metasilicates export price amounted to $965 per ton, reducing by -30.9% against the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 24%. The export price peaked at $1,661 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Romania.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to +0.5% per year.

Silicates; Sodium Metasilicates Imports in Hungary

In 2022, the amount of silicates; sodium metasilicateses imported into Hungary declined significantly to 1.7K tons, shrinking by -17.7% on the previous year. Over the period under review, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports reached the peak of 2K tons, and then shrank rapidly in the following year.

In value terms, silicates; sodium metasilicates imports skyrocketed to $836K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Poland (1344.3 tons)
2. Czech Republic (185.8 tons)
3. Germany (75.2 tons)
4. Belgium (47.0 tons)

Silicates; Sodium Metasilicates Exports in Hungary

After three years of growth, shipments abroad of silicates; sodium metasilicateses decreased by -24.1% to 32 tons in 2022. Overall, exports showed a perceptible decline. The growth pace was the most rapid in 2020 with an increase of 18%.

In value terms, silicates; sodium metasilicates exports contracted significantly to $31K in 2022. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 4.9%.

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

1. Romania (32.0 tons)

Source: IndexBox Market Intelligence Platform