Singapore: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Singapore

The Singaporean silicon dioxide market soared to $X in 2021, with an increase of 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% 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 -10.1% against 2019 indices. Silicon dioxide consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Silicon Dioxide Exports

Exports from Singapore

In 2021, shipments abroad of silicon dioxide increased by 31% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a pronounced descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports soared to $X in 2021. Overall, exports, however, saw a noticeable curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for silicon dioxide exports from Singapore, with a 56% share of total exports. Moreover, silicon dioxide exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-2.2% per year) and Thailand (+4.5% per year).

In value terms, the largest markets for silicon dioxide exported from Singapore were Taiwan (Chinese) ($X), Malaysia ($X) and Thailand ($X), together accounting for 82% of total exports. China, the United States and Japan lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, the United States, with a CAGR of +18.0%, recorded the highest rates of growth with regard to 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

In 2021, the average silicon dioxide export price amounted to $X per ton, picking up by 5.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($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 Thailand (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Singapore

Silicon dioxide imports into Singapore soared to X tons in 2021, rising by 24% compared with the previous year. In general, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, silicon dioxide imports surged to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Sri Lanka (X tons) were the main suppliers of silicon dioxide imports to Singapore, with a combined 76% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of silicon dioxide to Singapore, comprising 42% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 20% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.7% per year) and China (+8.7% per year).

Import Prices by Country

In 2021, the average silicon dioxide import price amounted to $X per ton, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2013 an increase of 27%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Sri Lanka ($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 (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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