Brazil: Silicon Market 2024

Silicon Market Size in Brazil

In 2022, the Brazilian silicon market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a buoyant increase. Silicon consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Silicon Production in Brazil

In value terms, silicon production declined to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Silicon production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Silicon Exports

Exports from Brazil

In 2022, overseas shipments of silicon increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, silicon exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Germany (X tons) and the UK (X tons) were the main destinations of silicon exports from Brazil, with a combined X% share of total exports. Thailand, Canada, Japan, China and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) remains the key foreign market for silicon exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average silicon export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Imports

Imports into Brazil

In 2022, purchases abroad of silicon increased by X% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, silicon imports surged to $X in 2022. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of silicon to Brazil, accounting for a X% share of total imports. Moreover, silicon imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fivefold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of silicon to Brazil, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average silicon import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Singapore ($X per ton), while the price for France ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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