U.S. - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights
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U.S. - Silicates, Commercial Alkali Metal Silicates - Market Analysis, Forecast, Size, Trends And Insights

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Jun 24, 2023

U.S. Silicates Export Shrinks Notably to $4.7M in April 2023

U.S. Silicates Exports

In April 2023, exports of silicates, commercial alkali metal silicates from the United States contracted dramatically to 3.3K tons, falling by -15.8% against March 2023. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when exports increased by 53% month-to-month. As a result, the exports reached the peak of 5.6K tons. From September 2022 to April 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, silicates exports fell dramatically to $4.7M (IndexBox estimates) in April 2023. Overall, exports showed a noticeable downturn. The most prominent rate of growth was recorded in October 2022 with an increase of 36% m-o-m. As a result, the exports reached the peak of $7.8M. From November 2022 to April 2023, the growth of the exports failed to regain momentum.

COUNTRYExport Value of Silicates in U.S. (thousand USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Canada2,3061,6782,1141,4611,6661,5101,9809891,3601,8251,2971,7861,812
Mexico9749071,0571,1601,4411,0722,3227048379611,0211,069873
Germany38161.912281.624815335125224743.4309141218
Netherlands31075.437511853926246933598.4173289266176
China72058.024010555522738125286.027026014190.8
Trinidad and Tobago44.224.411863.112814.824.836.3N/A12014.310634.4
Others1,8413,2242,2892,5282,5612,4812,2722,4742,5711,7711,7652,1291,475
Total6,5776,0286,3145,5167,1375,7207,8005,0435,1985,1634,9555,6404,678

Exports by Country

Canada (2.3K tons) was the main destination for silicates exports from the United States, accounting for a 70% share of total exports. Moreover, silicates exports to Canada exceeded the volume sent to the second major destination, Mexico (433 tons), fivefold. The Netherlands (68 tons) ranked third in terms of total exports with a 2.1% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume to Canada totaled +1.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-3.1% per month) and the Netherlands (-4.1% per month).

In value terms, Canada ($1.8M) remains the key foreign market for silicates exports from the United States, comprising 39% of total exports. The second position in the ranking was taken by Mexico ($873K), with a 19% share of total exports. It was followed by Germany, with a 4.6% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of value to Canada amounted to -2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-0.9% per month) and Germany (-4.6% per month).

Export Prices by Country

In April 2023, the silicates price amounted to $1,427 per ton, therefore (FOB, US), remained relatively stable against the previous month. Overall, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 39% against the previous month. Over the period under review, the average export prices hit record highs at $2,009 per ton in October 2022; however, from November 2022 to April 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In April 2023, the country with the highest price was China ($6,031 per ton), while the average price for exports to Canada ($785 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silicates market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20136240 - Silicates, commercial alkali metal silicates

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

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  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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