Puerto Rico: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Puerto Rico

After two years of decline, the Puerto Rican silicon dioxide market increased by 2% to $X in 2021. The market value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Silicon Dioxide Production in Puerto Rico

In value terms, silicon dioxide production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +66.3% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Puerto Rico production peaked at $X in 2020, and then declined slightly in the following year.

Silicon Dioxide Exports

Exports from Puerto Rico

In 2021, silicon dioxide exports from Puerto Rico was estimated at less than X kg, remaining stable against the year before. In general, exports saw a relatively flat trend pattern.

In value terms, silicon dioxide exports amounted to less than $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China represented the key exporter of silicon dioxide in the world, with the volume of exports recording X tons, which was approx. 28% of total exports in 2021. Germany (X tons) ranks second in terms of the total exports with an 11% share, followed by the Netherlands (7%), France (6.2%), Norway (5.4%) and the United States (5%). The following exporters - Taiwan (Chinese) (X tons), India (X tons), Spain (X tons), Poland (X tons), Thailand (X tons), Belgium (X tons) and Japan (X tons) - together made up 21% of total exports.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, India (+28.6%), Poland (+11.0%), the Netherlands (+10.0%), Belgium (+5.6%), Japan (+3.7%), Thailand (+3.5%) and Spain (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.6% from 2012-2021. Taiwan (Chinese), Germany and France experienced a relatively flat trend pattern. By contrast, the United States (-1.1%) and Norway (-1.1%) illustrated a downward trend over the same period. France (+6.2 p.p.), India (+3.2 p.p.), the Netherlands (+2.5 p.p.) and China (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), the United States, Norway and Germany saw its share reduced by -1.5%, -3.3%, -3.6% and -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 48% of total exports. These countries were followed by the United States, France, the Netherlands, Belgium, Taiwan (Chinese), Poland, India, Thailand, Spain and Norway, which together accounted for a further 35%.

India, with a CAGR of +26.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.5%), while the other leaders experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Puerto Rico

In 2021, silicon dioxide imports into Puerto Rico was estimated at less than X kg, standing approx. at the previous year. Over the period under review, imports showed a relatively flat trend pattern.

In value terms, silicon dioxide imports stood at less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

The countries with the highest levels of silicon dioxide imports in 2021 were Japan (X tons), the United States (X tons), Vietnam (X tons), Germany (X tons), South Korea (X tons), the Netherlands (X tons), China (X tons), Thailand (X tons), Indonesia (X tons), Poland (X tons), France (X tons) and Mexico (X tons), together reaching 53% of total import. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +14.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together comprising 22% of total imports. France, Japan, South Korea, Vietnam, the Netherlands, Mexico, Poland, Thailand, Indonesia and India lagged somewhat behind, together comprising a further 35%.

Vietnam, with a CAGR of +15.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

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 China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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