Europe: Silicates Market 2024

Silicates Market Size in Europe

The Europe silicates market shrank to $X in 2021, waning by -8% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Silicates Production in Europe

In value terms, silicates production dropped to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Silicates Exports

Exports in Europe

In 2021, approx. X tons of silicates, commercial alkali metal silicates were exported in Europe; jumping by 30% against 2020 figures. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% 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 +91.1% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 41%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, silicates exports surged to $X in 2021. Overall, exports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 52%. Over the period under review, the exports reached the peak figure in 2021 and are 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), Ukraine (X tons) and Italy (X tons) were the largest exporters of silicates, commercial alkali metal silicates, together achieving 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +41.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Poland ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, with a combined 55% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +41.4%, saw the highest rates of growth with regard to the value of exports, 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 Europe stood at $X per ton in 2021, surging by 4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained 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 ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Silicates Imports

Imports in Europe

In 2021, after two years of decline, there was significant growth in supplies from abroad of silicates, commercial alkali metal silicates, when their volume increased by 27% to X tons. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicates imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of silicates imports in 2021 were the Netherlands (X tons), France (X tons), Germany (X tons), Belgium (X tons) and Italy (X tons), together recording 65% of total import. It was distantly followed by Russia (X tons), making up a 5.1% share of total imports. The following importers - Sweden (X tons), Finland (X tons), the Czech Republic (X tons), Austria (X tons), Switzerland (X tons), Romania (X tons) and Poland (X tons) - together made up 17% of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 44% share of total imports. Italy, Belgium, Russia, Finland, the Czech Republic, Poland, Sweden, Switzerland, Austria and Romania lagged somewhat behind, together accounting for a further 39%.

Finland, with a CAGR of +17.3%, recorded 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

The import price in Europe stood at $X per ton in 2021, surging by 7.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.7%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Belgium ($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