Australia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Australia

In 2021, the Australian silicon dioxide market increased by 3.6% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a mild curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Silicon Dioxide Exports

Exports from Australia

In 2021, silicon dioxide exports from Australia skyrocketed to X tons, picking up by 45% on the previous year's figure. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 98%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, silicon dioxide exports surged to $X in 2021. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 81%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Japan (X tons) was the main destination for silicon dioxide exports from Australia, with a 24% share of total exports. Moreover, silicon dioxide exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was taken by South Africa (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+44.2% per year) and South Africa (+85.9% per year).

In value terms, Japan ($X), South Africa ($X) and the United States ($X) appeared to be the largest markets for silicon dioxide exported from Australia worldwide, together accounting for 33% of total exports. These countries were followed by Vietnam, South Korea, New Zealand, Turkey, Thailand, Indonesia, India, Malaysia, Nigeria and Taiwan (Chinese), which together accounted for a further 34%.

Vietnam, with a CAGR of +83.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 silicon dioxide export price amounted to $X per ton, which is down by -10.2% against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to India ($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 Nigeria (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Australia

Silicon dioxide imports into Australia declined modestly to X tons in 2021, remaining stable against the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 58% against the previous year. Imports peaked at X tons in 2012; however, from 2013 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 +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of silicon dioxide to Australia, accounting for a 84% share of total imports. It was followed by Germany (X tons), with a 2.6% share of total imports. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and Taiwan (Chinese) (+4.8% per year).

In value terms, China ($X) constituted the largest supplier of silicon dioxide to Australia, comprising 56% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by the United States, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.4% per year) and the United States (-2.8% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, growing by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2017 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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