Latin America and the Caribbean: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Latin America and the Caribbean

In 2021, the Latin American silicon dioxide market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Silicon Dioxide Production in Latin America and the Caribbean

In value terms, silicon dioxide production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 31%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Latin America and the Caribbean

In 2021, silicon dioxide exports in Latin America and the Caribbean surged to X tons, picking up by 30% against 2020 figures. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.1% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.4% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the largest exporter of silicon dioxide in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Mexico (X tons), comprising a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silicon dioxide exports from Brazil stood at +7.4%. At the same time, Mexico (+8.8%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +8.8% from 2012-2021. While the share of Brazil (+15 p.p.) and Mexico (+2.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest silicon dioxide supplier in Latin America and the Caribbean, comprising 70% of total exports. The second position in the ranking was held by Mexico ($X), with a 26% share of total exports.

In Brazil, silicon dioxide exports increased at an average annual rate of +5.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, with an increase of 9.2% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.0%).

Silicon Dioxide Imports

Imports in Latin America and the Caribbean

Silicon dioxide imports skyrocketed to X tons in 2021, jumping by 22% compared with the year before. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports soared to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the major importing country with an import of about X tons, which recorded 42% of total imports. It was distantly followed by Brazil (X tons), Colombia (X tons), Argentina (X tons) and Chile (X tons), together comprising a 49% share of total imports. Peru (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), with a combined 79% share of total imports. Argentina, Chile, Peru and Guatemala lagged somewhat behind, together comprising a further 16%.

Among the main importing countries, Chile, with a CAGR of +18.9%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by 5.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Brazil ($X per ton) and Mexico ($X per ton), while Colombia ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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