China: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in China

The Chinese silicon dioxide market reduced slightly to $X in 2021, dropping by -4.7% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.5% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Silicon Dioxide Production in China

In value terms, silicon dioxide production expanded slightly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.1% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2018; afterwards, it flattened through to 2021.

Silicon Dioxide Exports

Exports from China

In 2021, approx. X tons of silicon dioxide were exported from China; growing by 19% on the previous year. The total export volume increased at an average annual rate of +5.6% 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 42%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, silicon dioxide exports surged to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), South Korea (X tons) and Indonesia (X tons) were the main destinations of silicon dioxide exports from China, with a combined 36% share of total exports. Japan, Thailand, the United Arab Emirates, the United States, India, Mexico, Brazil, Germany, France and Russia lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +18.5%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), South Korea ($X) and Japan ($X) constituted the largest markets for silicon dioxide exported from China worldwide, together accounting for 39% of total exports. Indonesia, Thailand, the United States, India, Mexico, Germany, Brazil, France, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, India, with a CAGR of +22.3%, recorded the highest rates of growth with regard to the value of exports, 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, increasing by 15% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Vietnam (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into China

In 2021, purchases abroad of silicon dioxide increased by 24% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat 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

Thailand (X tons), Japan (X tons) and Indonesia (X tons) were the main suppliers of silicon dioxide imports to China, together accounting for 40% of total imports. These countries were followed by Malaysia, France, Poland, Germany, the United States, South Korea and the UK, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +197.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of silicon dioxide to China, comprising 32% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.6% share of total imports. It was followed by Malaysia, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and Malaysia (+4.0% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, increasing by 5.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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