Eastern Europe: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Eastern Europe

The East European silicon dioxide market stood at $X in 2021, increasing by 11% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Silicon Dioxide Production in Eastern Europe

In value terms, silicon dioxide production reduced slightly to $X in 2021 estimated in export price. The total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.8% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 51% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Eastern Europe

In 2021, approx. X tons of silicon dioxide were exported in Eastern Europe; with an increase of 4.7% against the previous year. Overall, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 38% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, silicon dioxide exports surged to $X in 2021. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 62%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Poland prevails in exports structure, recording X tons, which was near 86% of total exports in 2021. Russia (X tons), Slovakia (X tons), Ukraine (X tons) and the Czech Republic (X tons) took a minor share of total exports.

Exports from Poland increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Slovakia (+41.1%), Russia (+18.0%) and the Czech Republic (+14.1%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +41.1% from 2012-2021. Ukraine experienced a relatively flat trend pattern. From 2012 to 2021, the share of Slovakia, Poland and Russia increased by +2.5, +2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest silicon dioxide supplier in Eastern Europe, comprising 79% of total exports. The second position in the ranking was held by Ukraine ($X), with a 7.6% share of total exports. It was followed by Russia, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value in Poland amounted to +26.1%. In the other countries, the average annual rates were as follows: Ukraine (+4.4% per year) and Russia (+22.0% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, growing by 16% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicon dioxide export price increased by +92.7% against 2015 indices. The most prominent rate of growth was recorded in 2014 an increase of 24%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.5%), while the other leaders experienced more modest paces of growth.

Silicon Dioxide Imports

Imports in Eastern Europe

In 2021, approx. X tons of silicon dioxide were imported in Eastern Europe; surging by 9.8% compared with the previous year. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.1% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by 15% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, silicon dioxide imports soared to $X in 2021. The total import value increased at an average annual rate of +5.3% over the period 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

The countries with the highest levels of silicon dioxide imports in 2021 were Poland (X tons), Russia (X tons), the Czech Republic (X tons), Slovakia (X tons), Romania (X tons) and Hungary (X tons), together resulting at 96% of total import.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, together comprising 62% of total imports. These countries were followed by Romania, Slovakia and Hungary, which together accounted for a further 33%.

Hungary, with a CAGR of +16.9%, recorded the highest rates of growth with regard to 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 Europe stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Russia ($X per ton) and Hungary ($X per ton), while Slovakia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :