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

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Germany (CIF) - 2023
2. Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Germany (FOB) - 2022
3. Imports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Germany
4. Exports of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Germany

Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Germany (CIF) - 2023

The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $2,406 per ton in October 2023, picking up by 66% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($11,733 per ton), while the price for Switzerland stood at $1,921 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), 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 Germany (FOB) - 2022

In 2022, the average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $1,413 per ton, surging by 4.7% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 37%. The export price peaked at $1,881 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($3,528 per ton), while the average price for exports to Austria ($639 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 Poland (+14.6%), 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 Germany

In 2022, purchases abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -11.3% to 17K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 19K tons, and then reduced in the following year.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia surged to $26M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +51.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Switzerland (6.5K tons)
2. Netherlands (4.0K tons)
3. Poland (2.3K tons)
4. Czech Republic (2.0K tons)
5. Austria (0.7K tons)
6. United States (0.4K tons)
7. France (0.3K tons)

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

In 2022, overseas shipments of silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -12.4% to 12K tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 88%. As a result, the exports attained the peak of 15K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia shrank to $17M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports attained the peak of $18M, and then shrank in the following year.

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

1. Austria (4619.3 tons)
2. France (967.5 tons)
3. Slovenia (736.6 tons)
4. Italy (555.8 tons)
5. Belgium (483.3 tons)
6. Netherlands (420.1 tons)
7. China (402.3 tons)
8. Sweden (345.6 tons)
9. Poland (337.0 tons)
10. Denmark (289.9 tons)
11. Switzerland (251.6 tons)
12. Romania (218.4 tons)
13. Turkey (212.8 tons)

Source: IndexBox Market Intelligence Platform