Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan - 2023

Contents:

1. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan (FOB) - 2023
2. Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan (CIF) - 2022
3. Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan
4. Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan (FOB) - 2023

The average export price for silicates; of sodium (excluding sodium metasilicates)s stood at $308 per ton in April 2023, which is down by -12.2% against the previous month. Over the period under review, export price indicated tangible growth from July 2022 to April 2023: its price increased at an average monthly rate of +4.2% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, export price for silicates; of sodium (excluding sodium metasilicates)s decreased by -12.2% against March 2023 indices. The pace of growth was the most pronounced in October 2022 when the average export price increased by 93% m-o-m. The export price peaked at $351 per ton in March 2023, and then declined in the following month.

Average prices varied noticeably for the major external markets. In April 2023, the countries with the highest prices were Oman ($328 per ton) and Bangladesh ($321 per ton), while the average price for exports to Mozambique ($288 per ton) and Myanmar ($296 per ton) were amongst the lowest.

From July 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan (CIF) - 2022

In 2022, the average import price for silicates; of sodium (excluding sodium metasilicates)s amounted to $998 per ton, shrinking by -41.4% against the previous year. In general, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 52%. The import price peaked at $3,015 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($3,182 per ton), while the price for the United Arab Emirates ($342 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan

Exports of silicates; of sodium (excluding sodium metasilicates)s from Pakistan surged to 16K tons in 2022, growing by 280% on 2021 figures. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of silicates; of sodium (excluding sodium metasilicates)s skyrocketed to $3.3M in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 523% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Silicates; of Sodium (Excluding Sodium Metasilicates) from Pakistan in 2022:

1. Saudi Arabia (5.8K tons)
2. Sri Lanka (2.8K tons)
3. Mozambique (2.1K tons)
4. Bangladesh (1.7K tons)
5. Myanmar (1.0K tons)
6. Djibouti (0.8K tons)
7. South Africa (0.5K tons)
8. Afghanistan (0.2K tons)
9. United Arab Emirates (0.2K tons)

Imports of Silicates; of Sodium (Excluding Sodium Metasilicates) in Pakistan

In 2022, the amount of silicates; of sodium (excluding sodium metasilicates)s imported into Pakistan skyrocketed to 829 tons, growing by 72% on the previous year's figure. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 247% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of silicates; of sodium (excluding sodium metasilicates)s stood at $827K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Silicates; of Sodium (Excluding Sodium Metasilicates) to Pakistan in 2022:

1. China (506.9 tons)
2. United Arab Emirates (243.0 tons)
3. Turkmenistan (24.6 tons)
4. Taiwan (Chinese) (14.9 tons)
5. Japan (13.3 tons)
6. South Korea (13.0 tons)

Source: IndexBox Market Intelligence Platform