Spain: Silicon Market 2024

Silicon Market Size in Spain

In 2022, the Spanish silicon market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption showed a sharp descent. Silicon consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Silicon Production in Spain

In value terms, silicon production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a precipitous contraction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Silicon production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Silicon Exports

Exports from Spain

For the third year in a row, Spain recorded growth in overseas shipments of silicon, which increased by X% to X tons in 2022. Over the period under review, exports recorded a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, silicon exports surged to $X in 2022. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for silicon exports from Spain, accounting for a X% share of total exports. Moreover, silicon exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), eightfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the UK ($X) remains the key foreign market for silicon exports from Spain, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average silicon export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 France (X%), while the prices for the other major destinations experienced a decline.

Silicon Imports

Imports into Spain

In 2022, purchases abroad of silicon increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, silicon imports soared to $X in 2022. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of silicon imports to Spain, with a combined X% share of total imports. Germany, Malaysia, Slovakia, Austria and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Malaysia ($X) were the largest silicon suppliers to Spain, together accounting for X% of total imports. Germany, France, Slovakia, Austria and Brazil lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicon import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price continues to indicate slight growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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