Asia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Asia

In 2021, the Asian silicon dioxide market decreased by -0.3% to $X, falling for the third year in a row after seven years of growth. The market value increased at an average annual rate of +3.4% 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 remained at a lower figure.

Silicon Dioxide Production in Asia

In value terms, silicon dioxide production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of silicon dioxide, when their volume increased by 24% to X tons. The total export volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual 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 +4.4% 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 dominates exports structure, resulting at X tons, which was near 59% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), India (X tons), Thailand (X tons) and Japan (X tons), together mixing up a 27% share of total exports. The following exporters - South Korea (X tons) and Malaysia (X tons) - each recorded a 7.5% share of total exports.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2021. 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, 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 (+6.8 p.p.) and China (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.2 p.p.) and Taiwan (Chinese) (-3.7 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, with a combined 76% share of total exports. These countries were followed by South Korea, India, Thailand and Malaysia, which together accounted for a further 18%.

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 stood at $X per ton in 2021, rising by 6.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 10% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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

In 2021, the amount of silicon dioxide imported in Asia expanded significantly to X tons, growing by 7.3% on the year before. The total import volume increased at an average annual rate of +5.8% 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 imports increased by 20%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, silicon dioxide imports surged to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 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 Saudi Arabia (X tons) were the major importers of silicon dioxide, together mixing up 78% of total imports. The following importers - Singapore (X tons), Malaysia (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +16.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 43% share of total imports. Vietnam, Thailand, Indonesia, India, Taiwan (Chinese), Singapore, Malaysia, Saudi Arabia, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 51%.

Vietnam, with a CAGR of +15.2%, recorded the highest growth rate of 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 2021, the import price in Asia amounted to $X per ton, surging by 14% against the previous year. In general, the import price, however, recorded a noticeable downturn. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Saudi Arabia ($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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