Silicates; Sodium Metasilicates Price in Sri Lanka - 2021
Contents:
- Silicates; Sodium Metasilicates Price in Sri Lanka (CIF) - 2022
- Silicates; Sodium Metasilicates Imports in Sri Lanka
Silicates; Sodium Metasilicates Price in Sri Lanka (CIF) - 2022
The average silicates; sodium metasilicates import price stood at $100 per ton in 2022, declining by -82.5% against the previous year. Over the period under review, the import price faced a deep reduction. The growth pace was the most rapid in 2019 when the average import price increased by 74%. As a result, import price attained the peak level of $696 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +14.1% per year.
Silicates; Sodium Metasilicates Imports in Sri Lanka
In 2022, the amount of silicates; sodium metasilicateses imported into Sri Lanka surged to 672 tons, increasing by 456% compared with the year before. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicates; sodium metasilicates imports dropped to $67K in 2022. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 0.4% against the previous year. As a result, imports attained the peak of $99K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Silicates; Sodium Metasilicates in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.2 | 3.3 | 1.0 | 66.7 | 211.8% |
| Hong Kong SAR | 2.3 | 3.6 | N/A | N/A | 56.5% |
| China | 5.4 | 9.0 | 6.4 | N/A | 8.9% |
| United States | 73.8 | 82.7 | 61.7 | N/A | -8.6% |
| Others | 15.0 | 0.5 | 0.3 | 0.7 | -64.0% |
| Total | 98.7 | 99.1 | 69.4 | 67.4 | -11.9% |
Top Suppliers of Silicates; Sodium Metasilicates to Sri Lanka in 2022:
- India (668.9 tons)
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