Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in India - 2023

Contents:

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

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

In 2022, the average export price for silicates; of sodium (excluding sodium metasilicates)s amounted to $394 per ton, with an increase of 28% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,229 per ton), while the average price for exports to Sudan ($170 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 Tanzania (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for silicates; of sodium (excluding sodium metasilicates)s stood at $944 per ton in 2022, falling by -10.9% against the previous year. Over the period under review, the import price faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the maximum at $3,259 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 ($4,339 per ton), while the price for Bangladesh ($326 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 22K tons of silicates; of sodium (excluding sodium metasilicates)s were exported from India; dropping by -41.9% on the previous year's figure. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, the exports reached the peak of 38K tons, and then dropped notably in the following year.

In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s reduced markedly to $8.7M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.8% 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 +31.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of $12M, and then shrank notably in the following year.

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

1. Philippines (7.0K tons)
2. Nepal (4.7K tons)
3. Sri Lanka (1.7K tons)
4. Qatar (1.6K tons)
5. Zambia (1.3K tons)
6. Myanmar (0.8K tons)
7. United States (0.6K tons)
8. South Korea (0.6K tons)
9. Ghana (0.5K tons)
10. Sudan (0.3K tons)
11. Mozambique (0.3K tons)
12. United Arab Emirates (0.2K tons)

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

For the fourth year in a row, India recorded growth in supplies from abroad of silicates; of sodium (excluding sodium metasilicates)s, which increased by 37% to 3.6K tons in 2022. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 90% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $3.4M in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 122% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. United Arab Emirates (2615.4 tons)
2. China (507.8 tons)
3. Bangladesh (256.0 tons)
4. United States (91.6 tons)
5. Thailand (63.1 tons)
6. Brazil (21.6 tons)

Source: IndexBox Market Intelligence Platform