EU: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in the EU

In 2021, the EU double or complex silicates market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Double Or Complex Silicates in the EU

In value terms, double or complex silicates production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Double Or Complex Silicates

Exports in the EU

In 2021, after two years of decline, there was significant growth in shipments abroad of double or complex silicates, when their volume increased by 10% to X tons. In general, exports showed strong growth. The growth pace was the most rapid in 2013 with an increase of 113% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, double or complex silicates exports soared to $X in 2021. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 87% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly 50% of total exports in 2021. It was distantly followed by Spain (X tons), Slovenia (X tons), Belgium (X tons) and Poland (X tons), together mixing up a 37% share of total exports. France (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +51.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest double or complex silicates supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Poland ($X), together accounting for 83% of total exports.

Poland, with a CAGR of +58.2%, 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 the European Union stood at $X per ton in 2021, picking up by 35% against the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 40%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.0%), while the other leaders experienced more modest paces of growth.

Imports of Double Or Complex Silicates

Imports in the EU

In 2021, after five years of decline, there was significant growth in supplies from abroad of double or complex silicates, when their volume increased by 12% to X tons. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 27%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, double or complex silicates imports surged to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), Austria (X tons), Poland (X tons), Italy (X tons), the Netherlands (X tons) and Belgium (X tons) were the key importers of double or complex silicates, together making up 80% of total imports.

Imports into Germany decreased at an average annual rate of -2.5% from 2012 to 2021. At the same time, the Netherlands (+13.2%), France (+8.9%) and Italy (+6.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +13.2% from 2012-2021. Austria experienced a relatively flat trend pattern. By contrast, Poland (-1.1%) and Belgium (-1.7%) illustrated a downward trend over the same period. While the share of France (+5.8 p.p.), the Netherlands (+5.6 p.p.) and Italy (+4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Poland (-1.8 p.p.) and Germany (-7.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported double or complex silicates in the European Union, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Poland, with a 17% share.

In the Netherlands, double or complex silicates imports increased at an average annual rate of +31.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+9.9% per year) and Poland (+29.3% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, increasing by 15% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 25%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Austria ($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 (+30.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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