Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada - 2023
Contents:
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada (FOB) - 2023
- Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada (CIF) - 2022
- Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada
- Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada (FOB) - 2023
In September 2023, the average export price for silicates; of sodium (excluding sodium metasilicates)s amounted to $490 per ton, reducing by -4% against the previous month. Over the period under review, the export price showed a slight decline. The most prominent rate of growth was recorded in April 2023 an increase of 13% against the previous month. The export price peaked at $565 per ton in May 2023; however, from June 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($505 per ton), while the average price for exports to Taiwan (Chinese) stood at $322 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.1%).
Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada (CIF) - 2022
In 2022, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $487 per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 27% against the previous year. The import price peaked at $586 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,069 per ton), while the price for the United States amounted to $447 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%).
Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada
Exports of silicates; of sodium (excluding sodium metasilicates)s from Canada shrank to 33K tons in 2022, declining by -4.1% compared with the previous year. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year.
In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s rose markedly to $17M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.2 | 9.8 | 14.4 | 16.0 | -0.4% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 16.4 | 10.0 | 14.9 | 16.6 | 0.4% |
Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Canada in 2022:
- United States (31.4K tons)
- Taiwan (Chinese) (1.4K tons)
Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada
After three years of growth, purchases abroad of silicates; of sodium (excluding sodium metasilicates)s decreased by -10.9% to 21K tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of 24K tons, and then declined in the following year.
In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s reduced to $10M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of $11M, leveling off in the following year.
| Import of Silicates; of Sodium (Excluding Sodium Metasilicates) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.5 | 6.3 | 10.0 | 9.3 | 19.1% |
| China | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Others | 0.3 | 0.4 | 0.3 | 0.7 | 32.6% |
| Total | 6.0 | 7.0 | 10.5 | 10.5 | 20.5% |
Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Canada in 2022:
- United States (20.8K tons)
- China (0.4K tons)
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