Silicates; Sodium Metasilicates Price in Luxembourg - 2023

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

In 2022, the average silicates; sodium metasilicates import price amounted to $1,990 per ton, increasing by 22% against the previous year. In general, the import price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by 56% against the previous year. Over the period under review, average import prices attained the peak figure at $6,011 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 ($4,456 per ton), while the price for Germany stood at $1,986 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%).

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

In 2021, the average silicates; sodium metasilicates export price amounted to $6,500 per ton, leveling off at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 18%. As a result, the export price attained the peak level of $8,500 per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for France amounted to -0.7% per year.

Silicates; Sodium Metasilicates Imports in Luxembourg

In 2022, imports of silicates; sodium metasilicateses into Luxembourg soared to 273 tons, growing by 205% against the year before. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,471% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, silicates; sodium metasilicates imports soared to $544K in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,379% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Silicates; Sodium Metasilicates in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	2.3	146	542	1435.1%
Others	1.7	1.9	1.1	1.9	3.8%
Total	1.7	4.2	147	544	584.0%

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

Germany (273.0 tons)

Silicates; Sodium Metasilicates Exports in Luxembourg

Silicates; sodium metasilicates exports from Luxembourg was estimated at 10 kg in 2021, almost unchanged from the year before. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, silicates; sodium metasilicates exports amounted to $65 in 2021. Over the period under review, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.