U.S.: Silicates Market 2024

Silicates Market Size in the U.S.

The U.S. silicates market rose notably to $X in 2021, with an increase of 7.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Silicates Production in the U.S.

In value terms, silicates production totaled $X in 2021. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 18%. Silicates production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Silicates Exports

Exports from the U.S.

In 2021, shipments abroad of silicates, commercial alkali metal silicates increased by 35% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a noticeable setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silicates exports skyrocketed to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for silicates exports from the United States, accounting for a 56% share of total exports. Moreover, silicates exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), sixfold. The third position in this ranking was taken by the Netherlands (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.6% per year) and the Netherlands (+31.7% per year).

In value terms, the largest markets for silicates exported from the United States were Canada ($X), Mexico ($X) and the Netherlands ($X), together accounting for 46% of total exports. These countries were followed by China, Germany, Japan, the Dominican Republic, Saudi Arabia, El Salvador and Panama, which together accounted for a further 19%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +30.7%, saw the highest growth rate of 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

In 2021, the average silicates export price amounted to $X per ton, shrinking by -2.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

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 Germany ($X per ton), while the average price for exports to Canada ($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 Panama (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates Imports

Imports into the U.S.

Silicates imports into the United States skyrocketed to X tons in 2021, rising by 125% compared with the previous year's figure. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicates imports skyrocketed to $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), Canada (X tons) and Belgium (X tons) were the main suppliers of silicates imports to the United States, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +202.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Brazil ($X) and Belgium ($X) were the largest silicates suppliers to the United States, together accounting for 74% of total imports.

Brazil, with a CAGR of +153.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicates import price amounted to $X per ton, reducing by -27.5% against the previous year. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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