EU: Silicates Market 2024

Silicates Market Size in the EU

In 2021, the EU silicates market increased by 4% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a slight decrease. The pace of growth appeared the most rapid in 2020 when the market value increased by 5.8%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silicates Production in the EU

In value terms, silicates production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 13%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Silicates Exports

Exports in the EU

In 2021, approx. X tons of silicates, commercial alkali metal silicates were exported in the European Union; rising by 33% compared with 2020 figures. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.0% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicates exports soared to $X in 2021. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 45%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Poland (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Spain (X tons), Belgium (X tons) and Italy (X tons) were the key exporters of silicates, commercial alkali metal silicates, together comprising 86% of total exports. The Czech Republic (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +41.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together comprising 61% of total exports.

The Netherlands, with a CAGR of +41.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 3% against the previous year. Over the period under review, the export price saw modest growth. The most prominent rate of growth was recorded in 2013 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Poland ($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 Czech Republic (+2.4%), while the other leaders experienced mixed trends in the export price figures.

Silicates Imports

Imports in the EU

In 2021, supplies from abroad of silicates, commercial alkali metal silicates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicates imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), France (X tons), Germany (X tons), Belgium (X tons) and Italy (X tons) represented roughly 73% of total imports in 2021. Sweden (X tons), Finland (X tons), the Czech Republic (X tons), Austria (X tons), Romania (X tons), Poland (X tons), Slovenia (X tons) and Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates importing markets in the European Union were the Netherlands ($X), Germany ($X) and France ($X), with a combined 50% share of total imports. Italy, Belgium, Finland, the Czech Republic, Poland, Denmark, Sweden, Austria, Romania and Slovenia lagged somewhat behind, together comprising a further 42%.

Finland, with a CAGR of +17.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, rising by 6.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 8.2%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while Belgium ($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 Czech Republic (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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