Double Or Complex Silicates Market

The global market for double or complex silicates is expected to see a positive trend in both consumption and production over the next eight years. China remains the largest consumer and producer, with the United States leading in terms of market value. The market is projected to grow steadily, with a forecasted increase in volume and value terms. Learn more about the trends and projections for the double or complex silicates market worldwide.

Market Forecast

Driven by rising demand for double or complex silicates worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 2.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $9.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Double Or Complex Silicates

In 2022, consumption of double or complex silicates increased by 6.3% to 2.2M tons, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak volume of 3M tons. From 2014 to 2022, the growth of the global consumption remained at a lower figure.

The global double or complex silicates market size expanded rapidly to $6.5B in 2022, surging by 9.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $7.2B. From 2014 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

China (529K tons) remains the largest double or complex silicates consuming country worldwide, accounting for 24% of total volume. Moreover, double or complex silicates consumption in China exceeded the figures recorded by the second-largest consumer, the United States (253K tons), twofold. The third position in this ranking was taken by India (213K tons), with a 9.6% share.

In China, double or complex silicates consumption expanded at an average annual rate of +2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+3.6% per year) and India (+1.6% per year).

In value terms, the United States ($2.6B) led the market, alone. The second position in the ranking was taken by Malaysia ($852M). It was followed by Japan.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +10.1%. In the other countries, the average annual rates were as follows: Malaysia (+12.8% per year) and Japan (-7.8% per year).

In 2022, the highest levels of double or complex silicates per capita consumption was registered in Malaysia (4,275 kg per 1000 persons), followed by South Africa (1,429 kg per 1000 persons), the United States (755 kg per 1000 persons) and Mexico (587 kg per 1000 persons), while the world average per capita consumption of double or complex silicates was estimated at 281 kg per 1000 persons.

From 2012 to 2022, the average annual growth rate of the double or complex silicates per capita consumption in Malaysia totaled +16.2%. In the other countries, the average annual rates were as follows: South Africa (+11.6% per year) and the United States (+2.9% per year).

Production

World Production of Double Or Complex Silicates

In 2022, approx. 2M tons of double or complex silicates were produced worldwide; shrinking by -3% compared with the previous year's figure. In general, production saw a slight descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29%. As a result, production reached the peak volume of 3M tons. From 2014 to 2022, global production growth remained at a lower figure.

In value terms, double or complex silicates production declined to $6.3B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 42%. As a result, production attained the peak level of $7.3B. From 2014 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

China (520K tons) constituted the country with the largest volume of double or complex silicates production, accounting for 26% of total volume. Moreover, double or complex silicates production in China exceeded the figures recorded by the second-largest producer, the United States (221K tons), twofold. The third position in this ranking was held by India (204K tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.2% per year) and India (+0.9% per year).

Imports

World Imports of Double Or Complex Silicates

In 2022, overseas purchases of double or complex silicates increased by 20% to 506K tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, double or complex silicates imports surged to $1.2B in 2022. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 31%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, South Africa (73K tons), followed by the United States (39K tons), Germany (34K tons), Indonesia (28K tons) and Mexico (27K tons) were the key importers of double or complex silicates, together comprising 40% of total imports. India (21K tons), Poland (18K tons), Japan (17K tons), Belgium (17K tons), Italy (14K tons), Austria (14K tons), France (12K tons) and Turkey (11K tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +40.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($144M), Germany ($119M) and Poland ($115M) appeared to be the countries with the highest levels of imports in 2022, with a combined 33% share of global imports.

In terms of the main importing countries, Poland, with a CAGR of +29.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average double or complex silicates import price stood at $2,289 per ton in 2022, dropping by -3% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20% against the previous year. Global import price peaked at $2,359 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($6,546 per ton), while South Africa ($378 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+28.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Double Or Complex Silicates

In 2022, global double or complex silicates exports fell remarkably to 287K tons, with a decrease of -27.6% against the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30%. As a result, the exports reached the peak of 396K tons, and then contracted markedly in the following year.

In value terms, double or complex silicates exports fell to $909M in 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 38% against the previous year. Over the period under review, the global exports reached the maximum at $994M in 2021, and then contracted in the following year.

Exports By Country

The Netherlands (58K tons) and Bosnia and Herzegovina (56K tons) were the main exporters of double or complex silicates in 2022, resulting at approx. 20% and 19% of total exports, respectively. It was distantly followed by Germany (24K tons), South Korea (16K tons), Spain (14K tons) and Canada (13K tons), together committing a 23% share of total exports. Slovenia (12K tons), India (12K tons), Malaysia (11K tons), Poland (11K tons), Belgium (8.2K tons), the United States (7.4K tons) and Turkey (6.3K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +98.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($239M), Germany ($213M) and the United States ($90M) appeared to be the countries with the highest levels of exports in 2022, together comprising 60% of global exports. Bosnia and Herzegovina, Canada, Poland, Spain, Belgium, India, Slovenia, South Korea, Turkey and Malaysia lagged somewhat behind, together comprising a further 19%.

Among the main exporting countries, Canada, with a CAGR of +113.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average double or complex silicates export price stood at $3,168 per ton in 2022, picking up by 26% against the previous year. Over the period under review, the export price posted resilient growth. The growth pace was the most rapid in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($12,190 per ton), while Malaysia ($290 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform