Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia - 2022

Contents:

1. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia (FOB) - 2022
2. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia (CIF) - 2022
3. Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia
4. Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia (FOB) - 2022

In February 2022, the average export price for silicates; of sodium (excluding sodium metasilicates)s amounted to $570 per ton, growing by 13% against the previous month. Over the period under review, export price indicated temperate growth from February 2021 to February 2022: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, export price for silicates; of sodium (excluding sodium metasilicates)s increased by +71.0% against August 2021 indices. The most prominent rate of growth was recorded in December 2021 when the average export price increased by 31% month-to-month. Over the period under review, the average export prices reached the peak figure in February 2022.

There were significant differences in the average prices for the major export markets. In February 2022, the country with the highest price was Haiti ($592 per ton), while the average price for exports to Panama ($380 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia (CIF) - 2022

The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $571 per ton in 2022, with a decrease of -26.6% against the previous year. In general, the import price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $1,213 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 ($1,968 per ton), while the price for China ($359 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 (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia

Exports of silicates; of sodium (excluding sodium metasilicates)s from Colombia amounted to 19K tons in 2022, picking up by 6.2% against the previous year's figure. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% 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 +71.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s surged to $10M in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 80%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Colombia in 2022:

1. El Salvador (7.6K tons)
2. Dominican Republic (3.0K tons)
3. Panama (2.0K tons)
4. Haiti (2.0K tons)
5. Guatemala (1.8K tons)
6. Ecuador (1.0K tons)
7. Honduras (0.7K tons)

Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Colombia

In 2022, the amount of silicates; of sodium (excluding sodium metasilicates)s imported into Colombia surged to 402 tons, increasing by 121% compared with 2021. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $229K in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Colombia in 2022:

1. China (343.8 tons)
2. United States (29.6 tons)
3. Brazil (15.9 tons)
4. Germany (2.2 tons)

Source: IndexBox Market Intelligence Platform