Silicates; Sodium Metasilicates Price in Singapore - 2022
Contents:
- Silicates; Sodium Metasilicates Price in Singapore (CIF) - 2022
- Silicates; Sodium Metasilicates Price in Singapore (FOB) - 2022
- Silicates; Sodium Metasilicates Imports in Singapore
- Silicates; Sodium Metasilicates Exports in Singapore
Silicates; Sodium Metasilicates Price in Singapore (CIF) - 2022
The average silicates; sodium metasilicates import price stood at $577 per ton in 2022, jumping by 38% against the previous year. In general, the import price, however, showed a pronounced contraction. Over the period under review, average import prices reached the maximum at $739 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,340 per ton), while the price for China ($509 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 (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicates; Sodium Metasilicates Price in Singapore (FOB) - 2022
In 2022, the average silicates; sodium metasilicates export price amounted to $1,125 per ton, reducing by -21.3% against the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 an increase of 207% against the previous year. As a result, the export price reached the peak level of $2,211 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,905 per ton), while the average price for exports to Bangladesh ($509 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silicates; Sodium Metasilicates Imports in Singapore
In 2022, approx. 647 tons of silicates; sodium metasilicateses were imported into Singapore; which is down by -1.6% on 2021. Over the period under review, imports saw a noticeable shrinkage.
In value terms, silicates; sodium metasilicates imports soared to $373K in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicates; Sodium Metasilicates in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 204 | 197 | 227 | 323 | 16.6% |
| Malaysia | 26.8 | 3.0 | 9.3 | 3.2 | -50.8% |
| Netherlands | 63.5 | 33.1 | 25.4 | 0.1 | -88.4% |
| Others | 50.1 | 28.9 | 14.1 | 47.0 | -2.1% |
| Total | 344 | 262 | 275 | 373 | 2.7% |
Top Suppliers of Silicates; Sodium Metasilicates to Singapore in 2022:
- China (635.2 tons)
- Malaysia (5.5 tons)
- Netherlands (0.2 tons)
Silicates; Sodium Metasilicates Exports in Singapore
Silicates; sodium metasilicates exports from Singapore skyrocketed to 168 tons in 2022, with an increase of 93% compared with the previous year. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, silicates; sodium metasilicates exports skyrocketed to $189K in 2022. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 61%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Silicates; Sodium Metasilicates in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 17.3 | 15.6 | 20.8 | 100 | 79.5% |
| Malaysia | 65.0 | 3.6 | 23.3 | 23.3 | -29.0% |
| Bangladesh | 2.9 | 2.4 | 1.9 | 18.5 | 85.5% |
| Papua New Guinea | 6.2 | 2.7 | 7.5 | 7.3 | 5.6% |
| Vietnam | 25.6 | 14.5 | 9.3 | 7.2 | -34.5% |
| Madagascar | 2.8 | 2.0 | 0.5 | 6.3 | 31.0% |
| India | 5.6 | 15.8 | 31.8 | 4.1 | -9.9% |
| Others | 23.0 | 20.7 | 29.2 | 22.2 | -1.2% |
| Total | 148 | 77.4 | 124 | 189 | 8.5% |
Top Export Markets for Silicates; Sodium Metasilicates from Singapore in 2022:
- Indonesia (82.4 tons)
- Bangladesh (36.4 tons)
- Malaysia (17.3 tons)
- Madagascar (8.6 tons)
- Vietnam (7.4 tons)
- India (6.0 tons)
- Papua New Guinea (4.7 tons)
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