Northern America: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Northern America

The North American silicon dioxide market stood at $X in 2021, picking up by 4% against the previous year. Over the period under review, consumption, however, enjoyed a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Silicon Dioxide Production in Northern America

In value terms, silicon dioxide production reached $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 -0.8% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Silicon Dioxide Exports

Exports in Northern America

In 2021, approx. X tons of silicon dioxide were exported in Northern America; with an increase of 8.9% against 2020 figures. Overall, exports, however, continue to indicate a mild setback. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, silicon dioxide exports expanded markedly to $X in 2021. In general, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 11% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, finishing at X tons, which was approx. 96% of total exports in 2021. Canada (X tons) took a minor share of total exports.

The United States was also the fastest-growing in terms of the silicon dioxide exports, with a CAGR of -1.1% from 2012 to 2021. Canada (-3.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest silicon dioxide supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 6% share of total exports.

In the United States, silicon dioxide exports declined by an average annual rate of -2.4% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 7.4% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.8%).

Silicon Dioxide Imports

Imports in Northern America

In 2021, approx. X tons of silicon dioxide were imported in Northern America; picking up by 24% against the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.0% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports surged to $X in 2021. Total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) was the major importer of silicon dioxide, comprising 70% of total imports. It was distantly followed by Canada (X tons), creating a 30% share of total imports.

The United States was also the fastest-growing in terms of the silicon dioxide imports, with a CAGR of +8.0% from 2012 to 2021. At the same time, Canada (+6.1%) displayed positive paces of growth. The United States (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -3.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported silicon dioxide in Northern America, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +4.4%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 5% against the previous year. Overall, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when the import price increased by 5.7%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-2.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :