South-Eastern Asia: Silicon Market 2024

Silicon Market Size in South-Eastern Asia

In 2022, the Southeast Asian silicon market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a perceptible increase from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Silicon Production in South-Eastern Asia

In value terms, silicon production soared to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Silicon Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of silicon increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, silicon exports skyrocketed to $X in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Malaysia was the largest exporting country with an export of around X tons, which finished at X% of total exports. Lao People's Democratic Republic (X tons) took the second position in the ranking, distantly followed by Thailand (X tons). All these countries together took approx. X% share of total exports.

Malaysia was also the fastest-growing in terms of the silicon exports, with a CAGR of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. By contrast, Thailand (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Malaysia ($X) remains the largest silicon supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports.

In Malaysia, silicon exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price, however, saw a strong expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined modestly 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 Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Silicon Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of silicon decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, silicon imports fell slightly to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, Thailand (X tons) represented the key importer of silicon, comprising X% of total imports. It was distantly followed by Malaysia (X tons), Indonesia (X tons) and Vietnam (X tons), together making up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, 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 South-Eastern Asia stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :