Silicates; Sodium Metasilicates Price in Thailand - 2023

Contents:

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

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

In 2022, the average silicates; sodium metasilicates import price amounted to $416 per ton, with a decrease of -13.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $693 per ton. From 2019 to 2022, the average 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 Taiwan (Chinese) ($1,681 per ton), while the price for China ($381 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average silicates; sodium metasilicates export price stood at $3,261 per ton in 2022, with a decrease of -18.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2013 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $4,010 per ton in 2021, and then fell markedly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,374 per ton), while the average price for exports to India ($1,951 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 Hong Kong SAR (+68.0%).

Silicates; Sodium Metasilicates Imports in Thailand

For the fourth year in a row, Thailand recorded growth in overseas purchases of silicates; sodium metasilicateses, which increased by 215% to 5.4K tons in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicates; sodium metasilicates imports soared to $2.3M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (undefinedK tons)
2. China (5.1K tons)
3. Netherlands (0.2K tons)
4. Belgium (0.1K tons)

Silicates; Sodium Metasilicates Exports in Thailand

Silicates; sodium metasilicates exports from Thailand skyrocketed to 6.4 tons in 2022, growing by 41% on the previous year's figure. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 47%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, silicates; sodium metasilicates exports expanded rapidly to $21K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 48% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. Japan (5.8 tons)
2. India (0.4 tons)
3. Hong Kong SAR (0.2 tons)

Source: IndexBox Market Intelligence Platform