Price for Silicates; Commercial Alkali Metal Silicates in Pakistan - 2023

Contents:

1. Price for Silicates; Commercial Alkali Metal Silicates in Pakistan (CIF) - 2022
2. Price for Silicates; Commercial Alkali Metal Silicates in Pakistan (FOB) - 2023
3. Imports of Silicates; Commercial Alkali Metal Silicates in Pakistan
4. Exports of Silicates; Commercial Alkali Metal Silicates in Pakistan

Price for Silicates; Commercial Alkali Metal Silicates in Pakistan (CIF) - 2022

The average import price for silicates; commercial alkali metal silicateses stood at $1,647 per ton in 2022, shrinking by -27.4% against the previous year. In general, the import price continues to indicate a mild curtailment. The growth pace was the most rapid in 2015 an increase of 41% against the previous year. As a result, import price attained the peak level of $2,717 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +4.6% per year.

Price for Silicates; Commercial Alkali Metal Silicates in Pakistan (FOB) - 2023

In April 2023, the average export price for silicates; commercial alkali metal silicateses amounted to $409 per ton, growing by 5% against the previous month. Over the period under review, export price indicated a pronounced expansion from April 2022 to April 2023: its price increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, silicates; commercial alkali metal silicates export price increased by +16.4% against February 2023 indices. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 60% m-o-m. Over the period under review, the average export prices hit record highs at $443 per ton in November 2022; however, from December 2022 to April 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In April 2023, the country with the highest price was Turkey ($1,349 per ton), while the average price for exports to Mozambique ($288 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicates; Commercial Alkali Metal Silicates in Pakistan

In 2022, overseas purchases of silicates; commercial alkali metal silicateses were finally on the rise to reach 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicates; commercial alkali metal silicates imports expanded remarkably to $2.1M in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Pakistan in 2022:

1. United Arab Emirates (1.3K tons)

Exports of Silicates; Commercial Alkali Metal Silicates in Pakistan

In 2022, the amount of silicates; commercial alkali metal silicateses exported from Pakistan soared to 13K tons, with an increase of 172% compared with 2021. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicates; commercial alkali metal silicates exports surged to $4.1M in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Pakistan in 2022:

1. Myanmar (11.2K tons)
2. United Arab Emirates (2.1K tons)

Source: IndexBox Market Intelligence Platform