Ukraine: Silicates Market 2024

Silicates Market Size in Ukraine

In 2021, after three years of growth, there was significant decline in the Ukrainian silicates market, when its value decreased by -25.7% to $X. Overall, consumption recorded a pronounced decline. Silicates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silicates Production in Ukraine

In value terms, silicates production rose modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 516% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silicates Exports

Exports from Ukraine

In 2021, approx. X tons of silicates, commercial alkali metal silicates were exported from Ukraine; jumping by 32% on 2020 figures. In general, exports showed pronounced growth. The growth pace was the most rapid in 2013 with an increase of 213% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, silicates exports surged to $X in 2021. Overall, exports recorded a perceptible increase. The most prominent rate of growth was recorded in 2013 with an increase of 220% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons), Turkey (X tons) and Romania (X tons) were the main destinations of silicates exports from Ukraine, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +50.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicates exported from Ukraine were Italy ($X), Turkey ($X) and Switzerland ($X), together accounting for 83% of total exports. Belarus, Romania, Bulgaria and Russia lagged somewhat behind, together comprising a further 11%.

In terms of the main countries of destination, Romania, with a CAGR of +63.5%, 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, growing by 23% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 Romania (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Silicates Imports

Imports into Ukraine

In 2021, supplies from abroad of silicates, commercial alkali metal silicates increased by 37% to X tons, rising for the fourth year in a row after two years of decline. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 232% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, silicates imports soared to $X in 2021. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 107% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belarus (X tons), Poland (X tons) and Russia (X tons) were the main suppliers of silicates imports to Ukraine, together comprising 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of silicates, commercial alkali metal silicates to Ukraine, comprising 47% of total imports. The second position in the ranking was taken by Belarus ($X), with a 19% share of total imports. It was followed by Russia, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+1.2% per year) and Russia (+4.2% per year).

Import Prices by Country

The average silicates import price stood at $X per ton in 2021, with a decrease of -11.2% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 100%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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