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

Contents:

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

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

The average import price for silicates; commercial alkali metal silicates, other than of sodium or potassia stood at $2,634 per ton in 2022, with an increase of 27% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silicates; commercial alkali metal silicates, other than of sodium or potassia increased by +52.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($2,634 per ton) and Japan ($2,634 per ton), while the price for South Korea ($2,634 per ton) and the United States ($2,634 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for silicates; commercial alkali metal silicates, other than of sodium or potassia amounted to $2,194 per ton, which is down by -2% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for silicates; commercial alkali metal silicates, other than of sodium or potassia decreased by -18.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57% against the previous year. As a result, the export price attained the peak level of $2,693 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($2,194 per ton) and Taiwan (Chinese) ($2,194 per ton), while the average price for exports to Malaysia ($2,194 per ton) and Thailand ($2,194 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+17.3%), 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 Vietnam

For the third consecutive year, Vietnam recorded decline in supplies from abroad of silicates; commercial alkali metal silicates, other than of sodium or potassia, which decreased by -15.8% to 1.8K tons in 2022. Over the period under review, imports recorded a dramatic curtailment.

In value terms, imports of silicates; commercial alkali metal silicates, other than of sodium or potassia totaled $4.9M in 2022. In general, imports saw a abrupt downturn.

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

1. China (1393.3 tons)
2. Japan (203.1 tons)
3. South Korea (103.5 tons)
4. United States (66.2 tons)
5. India (44.7 tons)
6. Taiwan (Chinese) (14.8 tons)

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

In 2022, the amount of silicates; commercial alkali metal silicates, other than of sodium or potassia exported from Vietnam surged to 701 tons, increasing by 27% against 2021 figures. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 310%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of silicates; commercial alkali metal silicates, other than of sodium or potassia soared to $1.5M in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 252% against the previous year. 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; Commercial Alkali Metal Silicates, Other than of Sodium or Potassium from Vietnam in 2022:

1. Taiwan (Chinese) (661.7 tons)
2. Thailand (13.0 tons)
3. Malaysia (11.5 tons)

Source: IndexBox Market Intelligence Platform