South-Eastern Asia: Silicates Market 2024

Silicates Market Size in South-Eastern Asia

In 2021, the Southeast Asian silicates market decreased by -11.8% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption recorded a perceptible decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silicates Production in South-Eastern Asia

In value terms, silicates production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 32%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silicates Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of silicates, commercial alkali metal silicates increased by 33% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% 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 +72.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, silicates exports soared to $X in 2021. Total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Indonesia (X tons) was the main exporter of silicates, commercial alkali metal silicates, achieving 49% of total exports. Malaysia (X tons) held the second position in the ranking, followed by Thailand (X tons). All these countries together held approx. 48% share of total exports. Vietnam (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 Vietnam (with a CAGR of +10.7%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2021, together comprising 91% of total exports. These countries were followed by Vietnam, which accounted for a further 5%.

Vietnam, with a CAGR of +11.4%, saw 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 South-Eastern Asia stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of 47%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Silicates Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of silicates, commercial alkali metal silicates was finally on the rise to reach X tons after three years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 21%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, silicates imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons) and Indonesia (X tons) represented the major importers of silicates, commercial alkali metal silicates in 2021, recording approx. 29% and 26% of total imports, respectively. The Philippines (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (12%), Vietnam (6.9%) and Myanmar (5.5%). Thailand (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates importing markets in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and the Philippines ($X), together accounting for 63% of total imports.

Malaysia, with a CAGR of +11.1%, saw the highest growth rate of 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 South-Eastern Asia amounted to $X per ton, increasing by 11% against the previous year. In general, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :