ASEAN: Silicon Market 2024

Silicon Market Size in ASEAN

In 2022, the ASEAN silicon market increased by X% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Silicon Production in ASEAN

In value terms, silicon production soared to $X in 2022 estimated in export price. Over the period under review, production showed significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Silicon Exports

Exports in ASEAN

In 2022, overseas shipments of silicon increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, silicon exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Malaysia represented the main exporter of silicon in ASEAN, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Lao People's Democratic Republic (X tons) and Thailand (X tons), together committing a X% share of total exports.

Malaysia was also the fastest-growing in terms of the silicon exports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) remains the largest silicon supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports.

In Malaysia, silicon exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Silicon Imports

Imports in ASEAN

In 2022, after two years of growth, there was decline in purchases abroad of silicon, when their volume decreased by X% to X tons. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, silicon imports dropped to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Thailand was the key importing country with an import of about X tons, which resulted at X% of total imports. Malaysia (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons) and Vietnam (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in ASEAN amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform