CIS: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in CIS

The CIS double or complex silicates market soared to $X in 2021, increasing by 24% against the previous year. Over the period under review, consumption, however, recorded a mild decline. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Double Or Complex Silicates in CIS

In value terms, double or complex silicates production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Double Or Complex Silicates

Exports in CIS

In 2021, shipments abroad of double or complex silicates decreased by -68.1% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2017 when exports increased by 170%. The volume of export peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, double or complex silicates exports declined dramatically to $X in 2021. Over the period under review, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 247%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced notably in the following year.

Exports by Country

The shipments of the one major exporters of double or complex silicates, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the double or complex silicates exports, with a CAGR of +4.9% from 2012 to 2021. While the share of Russia (+11 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest double or complex silicates supplier in the CIS.

In Russia, double or complex silicates exports expanded at an average annual rate of +5.0% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, with an increase of 20% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates export price decreased by -31.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 31% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +0.1% per year.

Imports of Double Or Complex Silicates

Imports in CIS

In 2021, approx. X tons of double or complex silicates were imported in the CIS; flattening at the previous year's figure. In general, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 70% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports rose significantly to $X in 2021. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 94%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the major importing country with an import of around X tons, which reached 73% of total imports. Uzbekistan (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (4.6%). The following importers - Kyrgyzstan (X tons) and Azerbaijan (X tons) - each resulted at a 3.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to double or complex silicates imports into Russia stood at -5.4%. At the same time, Kyrgyzstan (+38.2%) and Uzbekistan (+12.1%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +38.2% from 2012-2021. Belarus experienced a relatively flat trend pattern. By contrast, Azerbaijan (-2.0%) illustrated a downward trend over the same period. Uzbekistan (+17 p.p.) and Kyrgyzstan (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -19.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported double or complex silicates in the CIS, comprising 71% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 19% share of total imports. It was followed by Belarus, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +3.3%. In the other countries, the average annual rates were as follows: Uzbekistan (+16.1% per year) and Belarus (+5.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, jumping by 16% against the previous year. Import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates import price increased by +110.7% against 2016 indices. The growth pace was the most rapid in 2013 when the import price increased by 52%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+16.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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