Silicates; Sodium Metasilicates Price in New Zealand - 2023

Contents:

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

Silicates; Sodium Metasilicates Price in New Zealand (CIF) - 2022

The average silicates; sodium metasilicates import price stood at $1,216 per ton in 2022, jumping by 43% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicates; sodium metasilicates import price increased by +57.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,907 per ton), while the price for China ($875 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Silicates; Sodium Metasilicates Price in New Zealand (FOB) - 2022

In 2022, the average silicates; sodium metasilicates export price amounted to $1,721 per ton, reducing by -14.9% against the previous year. In general, the export price saw a noticeable decline. The growth pace was the most rapid in 2017 an increase of 87%. As a result, the export price attained the peak level of $3,277 per ton. From 2018 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 Australia ($2,053 per ton), while the average price for exports to Fiji ($969 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 Fiji (+5.0%).

Silicates; Sodium Metasilicates Imports in New Zealand

For the third year in a row, New Zealand recorded decline in overseas purchases of silicates; sodium metasilicateses, which decreased by -21% to 343 tons in 2022. Over the period under review, imports faced a deep reduction. The smallest decline of -3.7% was in 2020.

In value terms, silicates; sodium metasilicates imports reached $417K in 2022. Overall, imports continue to indicate a perceptible shrinkage.

Top Suppliers of Silicates; Sodium Metasilicates to New Zealand in 2022:

1. China (271.2 tons)
2. India (52.8 tons)
3. Australia (6.3 tons)
4. Taiwan (Chinese) (5.5 tons)

Silicates; Sodium Metasilicates Exports in New Zealand

In 2022, overseas shipments of silicates; sodium metasilicateses decreased by -29.5% to 5.2 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 6,609%. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, silicates; sodium metasilicates exports reduced markedly to $8.9K in 2022. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 5,430%. As a result, the exports attained the peak of $21K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Australia (3.3 tons)
2. Fiji (1.4 tons)
3. Vanuatu (0.4 tons)

Source: IndexBox Market Intelligence Platform