Eastern Asia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Eastern Asia

In 2021, the East Asian silicon dioxide market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. 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 Eastern Asia

In value terms, silicon dioxide production rose modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Silicon Dioxide Exports

Exports in Eastern Asia

In 2021, the amount of silicon dioxide exported in Eastern Asia surged to X tons, growing by 19% on the year before. The total export volume increased at an average annual rate of +4.3% 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 exports increased by 32%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, silicon dioxide exports soared to $X in 2021. The total export value increased at an average annual rate of +4.1% over the period 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 was the largest exporting country with an export of about X tons, which resulted at 78% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with an 11% share, followed by Japan (6.2%) and South Korea (5.2%).

China was also the fastest-growing in terms of the silicon dioxide exports, with a CAGR of +5.6% from 2012 to 2021. At the same time, Japan (+3.7%) displayed positive paces of growth. 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 China (+8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-3.5 p.p.) and Taiwan (Chinese) (-3.8 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 92% share of total exports.

China, with a CAGR of +6.4%, 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 Eastern Asia stood at $X per ton in 2021, picking up by 9.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 13%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Silicon Dioxide Imports

Imports in Eastern Asia

In 2021, silicon dioxide imports in Eastern Asia skyrocketed to X tons, growing by 20% on the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded 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 surged to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the main importer of silicon dioxide in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 44% of total imports in 2021. South Korea (X tons) ranks second in terms of the total imports with a 25% share, followed by China (23%) and Taiwan (Chinese) (5.9%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Japan (with a CAGR of +7.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 89% of total imports.

China, with a CAGR of +2.0%, saw the highest growth rate of the value of imports, among 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

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 4.2% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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