SADC: Silicon Market 2024

Silicon Market Size in SADC

For the fourth year in a row, the SADC silicon market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate a strong increase. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Silicon Production in SADC

In value terms, silicon production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Silicon Exports

Exports in SADC

In 2022, exports of silicon in SADC contracted sharply to X tons, reducing by X% on 2021 figures. In general, exports continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, silicon exports dropped dramatically to $X in 2022. Over the period under review, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Zambia (X tons), generating an X% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silicon exports from South Africa stood at X%. At the same time, Zambia (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Zambia (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest silicon supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Zambia (X% per year) and Tanzania (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate perceptible growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Silicon Imports

Imports in SADC

In 2022, approx. X tons of silicon were imported in SADC; jumping by X% against the year before. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, silicon imports surged to $X in 2022. Overall, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Mozambique (X tons), achieving a X% share of total imports. Angola (X tons), Swaziland (X tons), Tanzania (X tons), Mauritius (X tons) and Zambia (X tons) held a minor share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Swaziland (X%), Mozambique (X%), Zambia (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Swaziland emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) and Tanzania (X%) illustrated a downward trend over the same period. Mozambique (X p.p.), South Africa (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania and Angola saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported silicon in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Mozambique, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Mozambique (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, surging by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicon import price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform