Southern Asia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Southern Asia

In 2021, after two years of decline, there was growth in the South Asian silicon dioxide market, when its value increased by 0.4% to $X. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Silicon Dioxide Production in Southern Asia

In value terms, silicon dioxide production rose to $X in 2021 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Southern Asia

In 2021, overseas shipments of silicon dioxide increased by 92% to X tons, rising for the second consecutive year after five years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 285% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, silicon dioxide exports soared to $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 302% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. 98% of total exports in 2021. Pakistan (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silicon dioxide exports from India stood at +28.6%. At the same time, Pakistan (+269.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +269.5% from 2012-2021. India (+35 p.p.) and Pakistan (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest silicon dioxide supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 0.5% share of total exports.

In India, silicon dioxide exports expanded at an average annual rate of +26.2% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, increasing by 2.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.8%).

Silicon Dioxide Imports

Imports in Southern Asia

In 2021, the amount of silicon dioxide imported in Southern Asia surged to X tons, with an increase of 59% on 2020. In general, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine years. 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

India was the largest importing country with an import of about X tons, which accounted for 76% of total imports. Sri Lanka (X tons) ranks second in terms of the total imports with a 12% share, followed by Pakistan (6%). The following importers - Bangladesh (X tons) and Nepal (X tons) - each amounted to a 6% share of total imports.

Imports into India increased at an average annual rate of +14.1% from 2012 to 2021. At the same time, Nepal (+31.1%), Pakistan (+15.0%), Sri Lanka (+7.2%) and Bangladesh (+6.6%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +31.1% from 2012-2021. While the share of India (+6.5 p.p.) and Nepal (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-2.2 p.p.) and Sri Lanka (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported silicon dioxide in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 12% share of total imports. It was followed by Sri Lanka, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value in India totaled +11.0%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+8.3% per year) and Sri Lanka (+7.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, dropping by -20.6% against the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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