Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK - 2023

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK (CIF) - 2022
2. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK (FOB) - 2022
3. Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK
4. Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK (CIF) - 2022

In 2022, the average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $1,468 per ton, rising by 41% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 98%. The import price peaked at $2,291 per ton in 2012; however, from 2013 to 2022, 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 the United States ($3,222 per ton), while the price for the Netherlands ($476 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 (+1.0%), while the prices for the other major suppliers experienced a decline.

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK (FOB) - 2022

The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $3,507 per ton in 2022, growing by 8.7% against the previous year. Over the period under review, the export price posted a notable increase. The pace of growth appeared the most rapid in 2013 an increase of 159% against the previous year. As a result, the export price attained the peak level of $6,162 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Canada ($8,852 per ton), while the average price for exports to Indonesia ($840 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 Australia (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK

In 2022, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia into the UK shrank significantly to 2.1K tons, declining by -29.6% on the year before. Overall, imports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 78%.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia dropped modestly to $3M in 2022. Over the period under review, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 60%. As a result, imports attained the peak of $3M, leveling off in the following year.

Top Suppliers of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium to the UK in 2022:

1. Netherlands (674.2 tons)
2. Germany (518.6 tons)
3. United States (451.2 tons)
4. Switzerland (178.4 tons)
5. China (100.9 tons)
6. Denmark (63.0 tons)
7. Belgium (4.2 tons)
8. Italy (3.3 tons)

Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in the UK

Exports of silicates; commercial alkali metal silicates, other than of sodium or potassia from the UK fell markedly to 603 tons in 2022, declining by -35.3% compared with the previous year's figure. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia shrank rapidly to $2.1M in 2022. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $3M, and then dropped significantly in the following year.

Top Export Markets for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from the UK in 2022:

1. Netherlands (70.5 tons)
2. United States (69.4 tons)
3. Indonesia (63.0 tons)
4. China (57.7 tons)
5. France (49.8 tons)
6. Ireland (40.9 tons)
7. Germany (38.5 tons)
8. Spain (30.7 tons)
9. Brazil (25.2 tons)
10. Australia (21.1 tons)
11. Canada (19.6 tons)
12. Poland (18.5 tons)

Source: IndexBox Market Intelligence Platform