Hong Kong SAR, China: Silicon Market 2024

Silicon Market Size in Hong Kong SAR, China

The Hong Kong silicon market fell markedly to $X in 2022, reducing by X% against the previous year. In general, consumption faced a dramatic descent. Silicon consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Silicon Production in Hong Kong SAR, China

In value terms, silicon production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Silicon Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of silicon increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, showed a noticeable descent. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, silicon exports soared to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for silicon exports from Hong Kong SAR, with a X% share of total exports. Moreover, silicon exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Japan (X% per year).

In value terms, China ($X) remains the key foreign market for silicon exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average silicon export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price recorded a measured increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of silicon increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, silicon imports declined to $X in 2022. In general, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of silicon imports to Hong Kong SAR, together comprising X% of total imports. Japan, Russia, Malaysia, Italy, Singapore, the United States, Thailand and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Taiwan (Chinese) ($X) and Italy ($X) constituted the largest silicon suppliers to Hong Kong SAR, with a combined X% share of total imports. Japan, Singapore, China, South Korea, Malaysia, the United States, Russia and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicon import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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