United Kingdom - Silicones (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View Pricing2024 Sees UK Silicone Exports Fall Sharply to $426 Million
United Kingdom Silicone Exports
Silicone exports from the UK declined modestly to 93K tons in 2024, with a decrease of -3.3% compared with 2023 figures. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 176K tons. From 2016 to 2024, the growth of the exports remained at a lower figure.
In value terms, silicone exports fell to $386M (IndexBox estimates) in 2024. In general, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2022 with an increase of 37%. As a result, the exports reached the peak of $588M. From 2023 to 2024, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Silicone in United Kingdom (million USD) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Belgium | 198 | 176 | 175 | 184 | 230 | 260 | 183 | 189 | 243 | 182 |
| Germany | 48.6 | 40.1 | 40.3 | 44.4 | 61.0 | 55.3 | 47.0 | 57.5 | 88.0 | 46.4 |
| Netherlands | 21.0 | 15.7 | 18.1 | 16.8 | 25.1 | 28.4 | 21.1 | 35.2 | 44.6 | 41.4 |
| Italy | 19.2 | 21.0 | 25.6 | 30.8 | 32.5 | 29.9 | 24.8 | 18.9 | 24.6 | 19.2 |
| France | 30.4 | 30.1 | 33.3 | 35.8 | 36.6 | 20.9 | 17.9 | 24.6 | 18.5 | 18.2 |
| Ireland | 3.8 | 4.2 | 4.3 | 4.6 | 7.1 | 12.4 | 13.3 | 11.9 | 18.0 | 16.7 |
| Spain | 4.3 | 4.5 | 4.6 | 5.7 | 6.3 | 4.4 | 5.0 | 6.0 | 9.9 | 8.4 |
| South Korea | 56.4 | 53.3 | 69.1 | 51.0 | 81.5 | 35.8 | 24.5 | 4.2 | 25.4 | 8.3 |
| Others | 107 | 98.6 | 88.6 | 99.5 | 104 | 81.3 | 82.2 | 83.3 | 116 | 85.9 |
| Total | 488 | 443 | 459 | 473 | 585 | 528 | 418 | 430 | 588 | 426 |
Exports by Country
Belgium (56K tons) was the main destination for silicone exports from the UK, with a 58% share of total exports. Moreover, silicone exports to Belgium exceeded the volume sent to the second major destination, Germany (11K tons), fivefold. the Netherlands (10K tons) ranked third in terms of total exports with an 11% share.
From 2014 to 2023, the average annual growth rate of volume to Belgium stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.2% per year) and the Netherlands (+3.3% per year).
In value terms, Belgium ($182M) remains the key foreign market for silicones (in primary forms) exports from the UK, comprising 43% of total exports. The second position in the ranking was held by Germany ($46M), with an 11% share of total exports. It was followed by the Netherlands, with a 9.7% share.
From 2014 to 2023, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.5% per year) and the Netherlands (+7.9% per year).
Export Prices by Country
In 2024, the silicone price amounted to $4,411 per ton (FOB, United Kingdom), declining by -22.6% against the previous year. Over the period under review, the export price, however, showed a moderate increase. The pace of growth was the most pronounced in 2022 an increase of 55%. As a result, the export price attained the peak level of $5,700 per ton, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($13,611 per ton), while the average price for exports to Belgium ($3,267 per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the silicone market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20165700 - Silicones, in primary forms
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
