Czech Republic: Silicone Market 2024

Silicone Market Size in the Czech Republic

In 2021, the Czech silicone market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a resilient expansion 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. Silicone consumption peaked in 2021 and is expected to retain growth in the near future.

Silicone Production in the Czech Republic

In value terms, silicone production surged to $X in 2021 estimated in export price. Overall, production recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 78% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Silicone Exports

Exports from the Czech Republic

In 2021, overseas shipments of silicones (in primary forms) increased by 13% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by 28% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicone exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for silicone exports from the Czech Republic, with a 53% share of total exports. Moreover, silicone exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+31.8% per year) and Slovakia (-1.2% per year).

In value terms, Germany ($X) remains the key foreign market for silicones (in primary forms) exports from the Czech Republic, comprising 55% of total exports. The second position in the ranking was taken by Italy ($X), with a 16% share of total exports. It was followed by France, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+29.1% per year) and France (+11.0% per year).

Export Prices by Country

In 2021, the average silicone export price amounted to $X per ton, rising by 23% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the 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 Austria ($X per ton), while the average price for exports to Slovakia ($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 Slovakia (+2.3%), while the prices for the other major destinations experienced a decline.

Silicone Imports

Imports into the Czech Republic

In 2021, overseas purchases of silicones (in primary forms) were finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, silicone imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% 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, Germany (X tons) constituted the largest silicone supplier to the Czech Republic, accounting for a 71% share of total imports. Moreover, silicone imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), eightfold. The third position in this ranking was held by the Netherlands (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.8% per year) and the Netherlands (+25.7% per year).

In value terms, Germany ($X) constituted the largest supplier of silicones (in primary forms) to the Czech Republic, comprising 63% of total imports. The second position in the ranking was held by Italy ($X), with a 7.9% share of total imports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.9% per year) and the Netherlands (+28.7% per year).

Import Prices by Country

The average silicone import price stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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