EU: Silicon Market 2024

Silicon Market Size in the EU

In 2022, the EU silicon market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a mild shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Silicon Production in the EU

In value terms, silicon production dropped slightly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Silicon Exports

Exports in the EU

In 2022, the amount of silicon exported in the European Union expanded remarkably to X tons, picking up by X% on the previous year's figure. Overall, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, silicon exports skyrocketed to $X in 2022. In general, exports enjoyed temperate growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands represented the key exporting country with an export of around X tons, which finished at X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by France (X%), Spain (X%) and Croatia (X%). Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest silicon supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

In Germany, silicon exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced more modest paces of growth.

Silicon Imports

Imports in the EU

For the third year in a row, the European Union recorded growth in supplies from abroad of silicon, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, silicon imports skyrocketed to $X in 2022. Overall, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) represented the largest importer of silicon, constituting X% of total imports. It was distantly followed by the Netherlands (X tons), Italy (X tons) and France (X tons), together creating a X% share of total imports. Poland (X tons), Belgium (X tons), Spain (X tons) and Croatia (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to silicon imports into Germany stood at X%. At the same time, Croatia (X%), Belgium (X%), France (X%), the Netherlands (X%), Spain (X%), Italy (X%) and Poland (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. While the share of the Netherlands (X p.p.), Croatia (X p.p.) and France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported silicon in the European Union, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

In Germany, silicon imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicon import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Croatia ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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