Silicates; Sodium Metasilicates Price in Turkey - 2023

Contents:

1. Silicates; Sodium Metasilicates Price in Turkey (CIF) - 2023
2. Silicates; Sodium Metasilicates Price in Turkey (FOB) - 2022
3. Silicates; Sodium Metasilicates Imports in Turkey
4. Silicates; Sodium Metasilicates Exports in Turkey

Silicates; Sodium Metasilicates Price in Turkey (CIF) - 2023

In September 2023, the average silicates; sodium metasilicates import price amounted to $595 per ton, increasing by 12% against the previous month. In general, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in July 2023 an increase of 37% m-o-m. Over the period under review, average import prices attained the maximum at $1,021 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($756 per ton), while the price for China amounted to $391 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (-2.4%).

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

The average silicates; sodium metasilicates export price stood at $1,736 per ton in 2022, rising by 72% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by 89%. As a result, the export price attained the peak level of $1,799 per ton. From 2020 to 2022, the average export prices remained at a 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 Russia ($3,599 per ton), while the average price for exports to Georgia ($740 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 Bangladesh (+294.6%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates; Sodium Metasilicates Imports in Turkey

In 2022, imports of silicates; sodium metasilicateses into Turkey rose notably to 6.7K tons, increasing by 8.3% on the previous year. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, silicates; sodium metasilicates imports soared to $5M in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (3.1K tons)
2. Belgium (2.9K tons)
3. Netherlands (0.3K tons)
4. Iran (0.2K tons)
5. Egypt (0.1K tons)

Silicates; Sodium Metasilicates Exports in Turkey

In 2022, silicates; sodium metasilicates exports from Turkey surged to 65 tons, increasing by 187% compared with 2021. Over the period under review, exports, however, saw a abrupt slump.

In value terms, silicates; sodium metasilicates exports surged to $113K in 2022. In general, exports, however, showed a abrupt contraction.

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

1. Russia (17.1 tons)
2. Iraq (14.0 tons)
3. Egypt (11.0 tons)
4. Iran (10.0 tons)
5. Azerbaijan (4.0 tons)
6. Tunisia (3.0 tons)
7. Georgia (2.6 tons)
8. Uzbekistan (1.3 tons)

Source: IndexBox Market Intelligence Platform