Czech Republic: Silicates Market 2024

Silicates Market Size in the Czech Republic

The Czech silicates market fell to $X in 2021, which is down by -13.9% against the previous year. Overall, consumption saw a pronounced decline. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Silicates Production in the Czech Republic

In value terms, silicates production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 18% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Silicates Exports

Exports from the Czech Republic

In 2021, overseas shipments of silicates, commercial alkali metal silicates increased by 15% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +6.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, silicates exports soared to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.9% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and Slovenia (X tons) were the main destinations of silicates exports from the Czech Republic, together accounting for 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +20.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from the Czech Republic, comprising 41% of total exports. The second position in the ranking was taken by Poland ($X), with a 16% share of total exports. It was followed by Slovenia, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+16.9% per year) and Slovenia (-0.5% per year).

Export Prices by Country

The average silicates export price stood at $X per ton in 2021, growing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates Imports

Imports into the Czech Republic

In 2021, the amount of silicates, commercial alkali metal silicates imported into the Czech Republic expanded significantly to X tons, increasing by 6.9% on the year before. In general, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, silicates imports surged to $X in 2021. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 40%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of silicates to the Czech Republic, with a 60% share of total imports. Moreover, silicates imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-11.5% per year) and the Netherlands (+4.4% per year).

In value terms, the largest silicates suppliers to the Czech Republic were Germany ($X), Poland ($X) and the Netherlands ($X), with a combined 93% share of total imports. Ukraine lagged somewhat behind, accounting for a further 1.5%.

Among the main suppliers, Ukraine, with a CAGR of +62.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicates import price stood at $X per ton in 2021, surging by 23% against the previous year. Over the period under review, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 48%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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