Asia-Pacific: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Asia-Pacific

In 2021, the Asia-Pacific silicon dioxide market increased by 0.6% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Silicon Dioxide Production in Asia-Pacific

In value terms, silicon dioxide production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 18%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Silicon Dioxide Exports

Exports in Asia-Pacific

Silicon dioxide exports surged to X tons in 2021, growing by 23% compared with the year before. The total export volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 29% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, silicon dioxide exports surged to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was approx. 62% of total exports in 2021. Taiwan (Chinese) (X tons) held an 8.6% share (based on physical terms) of total exports, which put it in second place, followed by India (8.5%), Thailand (5.6%) and Japan (4.9%). The following exporters - South Korea (X tons) and Malaysia (X tons) - each reached a 7.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silicon dioxide exports from China stood at +5.6%. At the same time, India (+28.6%), Malaysia (+9.9%), Japan (+3.7%) and Thailand (+3.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +28.6% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (-1.5%) illustrated a downward trend over the same period. While the share of India (+7.1 p.p.) and China (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.3 p.p.) and Taiwan (Chinese) (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 77% of total exports. These countries were followed by South Korea, India, Thailand and Malaysia, which together accounted for a further 19%.

India, with a CAGR of +26.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 6.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 11%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.2%), while the other leaders experienced more modest paces of growth.

Silicon Dioxide Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of silicon dioxide increased by 20% to X tons, rising for the fifth year in a row after two years of decline. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 +53.2% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), followed by Vietnam (X tons), South Korea (X tons), China (X tons), Thailand (X tons), Indonesia (X tons), India (X tons) and Singapore (X tons) represented the major importers of silicon dioxide, together making up 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together accounting for 47% of total imports. Vietnam, Thailand, Indonesia, India and Singapore lagged somewhat behind, together comprising a further 37%.

Among the main importing countries, Vietnam, with a CAGR of +15.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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