India: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in India

The Indian silicon dioxide market shrank to $X in 2021, which is down by -7.8% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.0% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Silicon Dioxide Production in India

In value terms, silicon dioxide production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.9% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 30%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Silicon Dioxide Exports

Exports from India

In 2021, overseas shipments of silicon dioxide increased by 90% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 288%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 307% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Slovakia (X tons), Sri Lanka (X tons) and Nepal (X tons) were the main destinations of silicon dioxide exports from India, with a combined 15% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nepal (with a CAGR of +95.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicon dioxide exported from India were Slovakia ($X), Sri Lanka ($X) and the United States ($X), with a combined 13% share of total exports. These countries were followed by Belgium, Poland, the United Arab Emirates, South Africa, Thailand, Romania, Vietnam, Russia, Egypt and Nepal, which together accounted for a further 26%.

Among the main countries of destination, Russia, with a CAGR of +77.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, with an increase of 3.7% against the previous year. Over the period under review, the export price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 39%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.6%), while the prices for the other major destinations experienced a decline.

Silicon Dioxide Imports

Imports into India

Silicon dioxide imports into India soared to X tons in 2021, increasing by 85% compared with the year before. In general, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports skyrocketed to $X in 2021. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Norway (X tons) and Malaysia (X tons) were the main suppliers of silicon dioxide imports to India, together comprising 76% of total imports. These countries were followed by Germany, Taiwan (Chinese), Japan, South Korea, Poland and the United States, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide suppliers to India were China ($X), Germany ($X) and Japan ($X), together accounting for 53% of total imports. These countries were followed by Norway, Malaysia, South Korea, Taiwan (Chinese), the United States and Poland, which together accounted for a further 24%.

Taiwan (Chinese), with a CAGR of +40.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicon dioxide import price amounted to $X per ton, waning by -30.6% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Poland ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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