Spain: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Spain

The Spanish silicon dioxide market shrank to $X in 2021, dropping by -14.2% against the previous year. Over the period under review, consumption saw a slight decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Silicon Dioxide Production in Spain

In value terms, silicon dioxide production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Silicon Dioxide Exports

Exports from Spain

Silicon dioxide exports from Spain soared to X tons in 2021, with an increase of 61% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Portugal (X tons) and Germany (X tons) were the main destinations of silicon dioxide exports from Spain, together accounting for 50% of total exports. These countries were followed by Egypt, Italy, France, Poland, the Netherlands, the United States and the United Arab Emirates, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +99.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicon dioxide exported from Spain were Portugal ($X), Germany ($X) and Italy ($X), with a combined 50% share of total exports. France, Poland, the Netherlands, Saudi Arabia, Egypt, the United States and the United Arab Emirates lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, the Netherlands, with a CAGR of +42.8%, 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

In 2021, the average silicon dioxide export price amounted to $X per ton, shrinking by -8.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Saudi Arabia ($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 the Netherlands (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Spain

In 2021, after two years of decline, there was significant growth in overseas purchases of silicon dioxide, when their volume increased by 17% to X tons. Overall, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, silicon dioxide imports soared to $X in 2021. In general, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of silicon dioxide imports to Spain, together comprising 64% of total imports. China, Belgium, the Netherlands and Denmark lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +42.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of silicon dioxide to Spain, comprising 37% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.9% per year) and Belgium (+1.0% per year).

Import Prices by Country

The average silicon dioxide import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 an increase of 45% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :