Silicates; Sodium Metasilicates Price in Russia - 2022

Contents:

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

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

The average silicates; sodium metasilicates import price stood at $459 per ton in 2022, declining by -5.3% against the previous year. In general, the import price showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 15% against the previous year. The import price peaked at $615 per ton in 2013; however, from 2014 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 Belgium ($654 per ton), while the price for Hong Kong SAR ($356 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average silicates; sodium metasilicates export price amounted to $448 per ton, rising by 3.1% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15% against the previous year. The export price peaked at $783 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($1,145 per ton), while the average price for exports to Belarus stood at $420 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-2.2%), while the prices for the other major destinations experienced a decline.

Silicates; Sodium Metasilicates Imports in Russia

In 2022, silicates; sodium metasilicates imports into Russia totaled 11K tons, leveling off at 2021. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 33% against the previous year. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, silicates; sodium metasilicates imports dropped to $5.1M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of $5.4M, and then contracted modestly in the following year.

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

1. Hong Kong SAR (undefinedK tons)
2. Belarus (6.4K tons)
3. China (3.9K tons)
4. Belgium (1.0K tons)

Silicates; Sodium Metasilicates Exports in Russia

In 2022, overseas shipments of silicates; sodium metasilicateses increased by 4.5% to 323 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt decline.

In value terms, silicates; sodium metasilicates exports expanded markedly to $145K in 2022. Over the period under review, exports, however, continue to indicate a deep contraction.

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

1. Belarus (310.8 tons)
2. Turkey (12.4 tons)

Source: IndexBox Market Intelligence Platform