Silicates; Sodium Metasilicates Price in Serbia - 2023
Contents:
- Silicates; Sodium Metasilicates Price in Serbia (CIF) - 2022
- Silicates; Sodium Metasilicates Price in Serbia (FOB) - 2022
- Silicates; Sodium Metasilicates Imports in Serbia
- Silicates; Sodium Metasilicates Exports in Serbia
Silicates; Sodium Metasilicates Price in Serbia (CIF) - 2022
In 2022, the average silicates; sodium metasilicates import price amounted to $1,083 per ton, with an increase of 44% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 53%. The import price peaked in 2022 and is likely to see steady growth in the near future.
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 Spain ($1,915 per ton), while the price for China ($820 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicates; Sodium Metasilicates Price in Serbia (FOB) - 2022
In 2022, the average silicates; sodium metasilicates export price amounted to $1,258 per ton, with an increase of 46% against the previous year. In general, the export price saw prominent growth. The pace of growth was the most pronounced in 2015 an increase of 281%. As a result, the export price reached the peak level of $1,901 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($3,576 per ton), while the average price for exports to Bosnia and Herzegovina stood at $1,213 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Silicates; Sodium Metasilicates Imports in Serbia
In 2022, purchases abroad of silicates; sodium metasilicateses decreased by -6.6% to 123 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of 177 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, silicates; sodium metasilicates imports surged to $133K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Silicates; Sodium Metasilicates in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 37.4 | 55.1 | 80.4 | 81.0 | 29.4% |
| China | 20.3 | 32.1 | N/A | 18.0 | -3.9% |
| France | 14.2 | 10.2 | 10.8 | 12.3 | -4.7% |
| Spain | N/A | N/A | 0.4 | 9.6 | 2300.0% |
| Others | 0.1 | 0.4 | 7.2 | 12.0 | 393.2% |
| Total | 72.0 | 97.8 | 98.7 | 133 | 22.7% |
Top Suppliers of Silicates; Sodium Metasilicates to Serbia in 2022:
- Belgium (78.7 tons)
- China (22.0 tons)
- France (14.4 tons)
- Spain (5.0 tons)
Silicates; Sodium Metasilicates Exports in Serbia
In 2022, silicates; sodium metasilicates exports from Serbia fell to 4.8 tons, shrinking by -14.7% on 2021. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year.
In value terms, silicates; sodium metasilicates exports surged to $6K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Silicates; Sodium Metasilicates in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 1.9 | 1.0 | 4.8 | 5.7 | 44.2% |
| Montenegro | 0.8 | 3.2 | N/A | 0.3 | -27.9% |
| North Macedonia | 0.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.9 | 4.2 | 4.9 | 6.0 | 27.4% |
Top Export Markets for Silicates; Sodium Metasilicates from Serbia in 2022:
- Bosnia and Herzegovina (4.7 tons)
- Montenegro (0.1 tons)
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