South Africa: Silicon Market 2024

Silicon Market Size in South Africa

For the fourth year in a row, the South African silicon market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption posted a strong expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Silicon Production in South Africa

In value terms, silicon production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Silicon Exports

Exports from South Africa

For the fourth year in a row, South Africa recorded decline in shipments abroad of silicon, which decreased by X% to X tons in 2022. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, silicon exports dropped markedly to $X in 2022. Overall, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Swaziland (X tons), Japan (X tons) and Mozambique (X tons) were the main destinations of silicon exports from South Africa, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Swaziland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Swaziland ($X) were the largest markets for silicon exported from South Africa worldwide, together accounting for X% of total exports.

Swaziland, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicon export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Imports

Imports into South Africa

In 2022, the amount of silicon imported into South Africa surged to X tons, growing by X% on 2021. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, silicon imports surged to $X in 2022. Over the period under review, imports saw buoyant 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 continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of silicon to South Africa, with a X% share of total imports. Moreover, silicon imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold. The third position in this ranking was taken by Seychelles (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Seychelles (X% per year).

In value terms, China ($X) constituted the largest supplier of silicon to South Africa, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and France (X% per year).

Import Prices by Country

The average silicon import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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