Southern Asia: Silicates Market 2024

Silicates Market Size in Southern Asia

After three years of decline, the South Asian silicates market increased by 17% to $X in 2021. Overall, consumption, however, saw a abrupt curtailment. 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 Southern Asia

In value terms, silicates production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 19%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silicates Exports

Exports in Southern Asia

After two years of decline, overseas shipments of silicates, commercial alkali metal silicates increased by 46% to X tons in 2021. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silicates exports surged to $X in 2021. Total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, resulting at X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Pakistan (X tons), making up a 9.6% share of total exports.

India was also the fastest-growing in terms of the silicates, commercial alkali metal silicates exports, with a CAGR of +6.1% from 2012 to 2021. Pakistan experienced a relatively flat trend pattern. India (+5.9 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -5.9% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest silicates supplier in Southern Asia, comprising 93% of total exports. The second position in the ranking was held by Pakistan ($X), with a 7.4% share of total exports.

In India, silicates exports increased at an average annual rate of +3.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-2.9%).

Silicates Imports

Imports in Southern Asia

In 2021, purchases abroad of silicates, commercial alkali metal silicates increased by 3% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, silicates imports rose markedly to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 23% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Afghanistan (X tons), Bangladesh (X tons), India (X tons) and Nepal (X tons) represented the major importer of silicates, commercial alkali metal silicates in Southern Asia, making up 89% of total import. It was distantly followed by Sri Lanka (X tons), generating an 8.4% share of total imports. Pakistan (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +18.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported silicates, commercial alkali metal silicates in Southern Asia, comprising 54% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 25% share of total imports. It was followed by Afghanistan, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in India stood at -4.3%. In the other countries, the average annual rates were as follows: Bangladesh (+18.5% per year) and Afghanistan (+3.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, surging by 8.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 22% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the near future.

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 Pakistan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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