Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia (CIF) - 2023
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia (FOB) - 2022
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia (CIF) - 2023
In September 2023, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $550 per ton, falling by -17% against the previous month. Over the period under review, the import price saw a slight decline. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 64% month-to-month. As a result, import price attained the peak level of $869 per ton. From February 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($2,465 per ton), while the price for Bosnia and Herzegovina ($254 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia (FOB) - 2022
The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $327 per ton in 2022, growing by 53% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($322 per ton), while the average price for exports to North Macedonia stood at $297 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.8%).
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia
In 2022, purchases abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -23.3% to 3K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of 3.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s soared to $1.4M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 327 | 214 | 138 | 329 | 0.2% |
| United States | 344 | 167 | 245 | 281 | -6.5% |
| Bosnia and Herzegovina | 212 | 243 | 243 | 225 | 2.0% |
| Spain | 69.5 | 106 | 156 | 224 | 47.7% |
| Czech Republic | 88.2 | 131 | 169 | 165 | 23.2% |
| Poland | 86.3 | 59.8 | 68.8 | 70.4 | -6.6% |
| Slovenia | 20.7 | 15.9 | 21.1 | 60.9 | 43.3% |
| Others | 48.8 | 22.3 | 11.1 | 51.7 | 1.9% |
| Total | 1,198 | 958 | 1,051 | 1,407 | 5.5% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Serbia in 2022:
- Bosnia and Herzegovina (1194.0 tons)
- Italy (548.6 tons)
- Spain (387.6 tons)
- Czech Republic (345.5 tons)
- Poland (193.1 tons)
- United States (140.9 tons)
- Slovenia (73.5 tons)
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia
In 2022, shipments abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -6.7% to 2.1K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of 32% against the previous year. As a result, the exports attained the peak of 3.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $673K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 469 | 625 | 421 | 633 | 10.5% |
| North Macedonia | 28.4 | 27.5 | 28.0 | 14.7 | -19.7% |
| Others | 22.8 | 18.2 | 22.0 | 24.5 | 2.4% |
| Total | 520 | 671 | 471 | 673 | 9.0% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Serbia in 2022:
- Romania (1966.7 tons)
- North Macedonia (49.4 tons)
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