Price for Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Ghana - 2022

Contents:

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

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

The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $1,413 per ton in 2022, waning by -12.3% against the previous year. Over the period under review, the import price saw a mild decline. The pace of growth was the most pronounced in 2015 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $1,818 per ton in 2017; however, from 2018 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 China ($1,557 per ton), while the price for the United States ($298 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.5%), 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 Ghana (FOB) - 2022

The average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $5,461 per ton in 2022, dropping by -4.7% against the previous year. Overall, the export price, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2019 an increase of 193% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,731 per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Niger.

From 2012 to 2022, the rate of growth in terms of prices for Niger amounted to +16.7% per year.

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

In 2022, approx. 905 tons of silicates; commercial alkali metal silicates, other than of sodium or potassia were imported into Ghana; jumping by 17% compared with the year before. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 222% against the previous year. As a result, imports reached the peak of 1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $1.3M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 244%. As a result, imports attained the peak of $1.3M; afterwards, it flattened through to 2022.

Import of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3221,2341,1681,17053.7%
ThailandN/AN/AN/A43.80%
Spain22.622.521.222.3-0.4%
India12.736.641.417.411.1%
South Africa0.10.23.67.9329.1%
United States5.65.24.64.6-6.3%
Others17.29.510.912.7-9.6%
Total3801,3081,2501,27949.9%

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

  1. China (751.5 tons)
  2. Spain (54.0 tons)
  3. Thailand (35.8 tons)
  4. South Africa (19.1 tons)
  5. India (17.2 tons)
  6. United States (15.4 tons)

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

In 2022, overseas shipments of silicates; commercial alkali metal silicates, other than of sodium or potassia were finally on the rise to reach 490 kg after two years of decline. Overall, exports, however, recorded a abrupt setback.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia expanded to $2.7K in 2022. In general, exports, however, continue to indicate a noticeable decline.

Export of Silicates; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NigerN/A2.82.62.7-1.8%
Angola3.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total3.02.82.62.7-3.5%

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

  1. Niger (490.0 kg)

Source: IndexBox Market Intelligence Platform

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