South-Eastern Asia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in South-Eastern Asia

In 2021, the Southeast Asian silicon dioxide market increased by 1.9% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Silicon Dioxide Production in South-Eastern Asia

In value terms, silicon dioxide production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Silicon Dioxide Exports

Exports in South-Eastern Asia

In 2021, exports of silicon dioxide in South-Eastern Asia skyrocketed to X tons, jumping by 21% compared with the previous year. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.1% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand represented the key exporting country with an export of about X tons, which accounted for 48% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 31% share, followed by Indonesia (13%) and Singapore (7.2%).

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +9.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +6.8%, saw the highest growth rate of 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

The export price in South-Eastern Asia stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price recorded a slight downturn. The growth pace was the most rapid in 2019 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.2%), while the other leaders experienced more modest paces of growth.

Silicon Dioxide Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of silicon dioxide were imported in South-Eastern Asia; picking up by 14% against the previous year. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.9% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports soared to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. 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

The purchases of the three major importers of silicon dioxide, namely Vietnam, Thailand and Indonesia, represented more than two-thirds of total import. Singapore (X tons) ranks next in terms of the total imports with an 11% share, followed by Malaysia (7.9%). The Philippines (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 main importing countries, was attained by the Philippines (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined 70% share of total imports. These countries were followed by Singapore, Malaysia and the Philippines, which together accounted for a further 29%.

Among the main importing countries, the Philippines, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, 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 South-Eastern Asia stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

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 Malaysia ($X per ton), while Indonesia ($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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