Price for Silicates; Commercial Alkali Metal Silicates in Japan - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Japan (CIF) - 2023
- Price for Silicates; Commercial Alkali Metal Silicates in Japan (FOB) - 2023
- Imports of Silicates; Commercial Alkali Metal Silicates in Japan
- Exports of Silicates; Commercial Alkali Metal Silicates in Japan
Price for Silicates; Commercial Alkali Metal Silicates in Japan (CIF) - 2023
In September 2023, the average import price for silicates; commercial alkali metal silicateses amounted to $417 per ton, with a decrease of -17.9% against the previous month. Overall, the import price saw a slight curtailment. The growth pace was the most rapid in January 2023 an increase of 22% m-o-m. As a result, import price attained the peak level of $711 per ton. From February 2023 to September 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($446 per ton), while the price for Taiwan (Chinese) ($379 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Silicates; Commercial Alkali Metal Silicates in Japan (FOB) - 2023
The average export price for silicates; commercial alkali metal silicateses stood at $5,503 per ton in September 2023, surging by 100% against the previous month. In general, the export price posted a pronounced expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($12,184 per ton), while the average price for exports to China ($1,572 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicates; Commercial Alkali Metal Silicates in Japan
Silicates; commercial alkali metal silicates imports into Japan reduced to 95K tons in 2022, with a decrease of -5.1% compared with the year before. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
In value terms, silicates; commercial alkali metal silicates imports skyrocketed to $46M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Silicates; Commercial Alkali Metal Silicates in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.7 | 18.5 | 25.5 | 28.8 | 2.6% |
| Taiwan (Chinese) | 6.2 | 5.4 | 7.2 | 8.6 | 11.5% |
| Thailand | N/A | N/A | 1.2 | 5.0 | 316.7% |
| United States | 2.7 | 2.7 | 1.8 | 0.8 | -33.3% |
| Others | 2.3 | 2.0 | 3.0 | 2.5 | 2.8% |
| Total | 37.8 | 28.5 | 38.7 | 45.7 | 6.5% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Japan in 2022:
- China (58.0K tons)
- Taiwan (Chinese) (22.7K tons)
- Thailand (11.6K tons)
- United States (0.8K tons)
Exports of Silicates; Commercial Alkali Metal Silicates in Japan
In 2022, the amount of silicates; commercial alkali metal silicateses exported from Japan dropped to 8.4K tons, shrinking by -14.8% against the previous year. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 54%. As a result, the exports attained the peak of 9.8K tons, and then reduced in the following year.
In value terms, silicates; commercial alkali metal silicates exports dropped remarkably to $20M in 2022. Over the period under review, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. As a result, the exports attained the peak of $25M, and then dropped sharply in the following year.
| Export of Silicates; Commercial Alkali Metal Silicates in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 3.3 | 3.0 | 5.5 | 5.1 | 15.6% |
| Netherlands | 2.6 | 2.6 | 5.3 | 3.4 | 9.4% |
| Thailand | 1.6 | 1.4 | 2.6 | 2.3 | 12.9% |
| South Korea | 2.7 | 2.5 | 2.6 | 2.2 | -6.6% |
| China | 1.3 | 1.1 | 1.6 | 1.8 | 11.5% |
| United States | 2.5 | 1.2 | 2.4 | 1.5 | -15.7% |
| Vietnam | 0.4 | 0.5 | 0.6 | 0.9 | 31.0% |
| Taiwan (Chinese) | 0.4 | 0.5 | 0.4 | 0.4 | 0.0% |
| Indonesia | 0.4 | 0.4 | 0.5 | 0.4 | 0.0% |
| United Arab Emirates | 1.1 | 1.6 | 1.1 | N/A | 0.0% |
| Others | 1.6 | 1.5 | 2.4 | 2.4 | 14.5% |
| Total | 18.0 | 16.2 | 24.9 | 20.5 | 4.4% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Japan in 2022:
- Netherlands (4312.0 tons)
- China (937.3 tons)
- Thailand (796.9 tons)
- Vietnam (540.4 tons)
- South Korea (491.3 tons)
- Poland (405.4 tons)
- Indonesia (173.5 tons)
- United States (168.1 tons)
- Taiwan (Chinese) (104.1 tons)
- United Arab Emirates (4.8 tons)
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