Netherlands: Silicone Market 2024

Silicone Market Size in the Netherlands

The Dutch silicone market skyrocketed to $X in 2021, with an increase of 20% against the previous year. Overall, consumption recorded a prominent increase. Silicone consumption peaked in 2021 and is likely to see gradual growth in the near future.

Silicone Production in the Netherlands

In value terms, silicone production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 350%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Silicone Exports

Exports from the Netherlands

In 2021, overseas shipments of silicones (in primary forms) increased by 25% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 101%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silicone exports soared to $X in 2021. Over the period under review, exports saw a moderate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 111%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Italy (X tons) and the UK (X tons) were the main destinations of silicone exports from the Netherlands, with a combined 42% share of total exports. These countries were followed by France, Belgium, Poland, Austria, Spain, the United States, Turkey, Luxembourg, China and Russia, which together accounted for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Luxembourg (with a CAGR of +47.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicone exported from the Netherlands were Germany ($X), Italy ($X) and France ($X), together comprising 45% of total exports. These countries were followed by the UK, Belgium, Austria, Poland, Spain, the United States, China, Turkey, Luxembourg and Russia, which together accounted for a further 36%.

Luxembourg, with a CAGR of +57.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 silicone export price amounted to $X per ton, growing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 France (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into the Netherlands

Silicone imports into the Netherlands skyrocketed to X tons in 2021, growing by 16% on 2020 figures. Overall, imports continue to indicate moderate growth. The pace of growth was the most pronounced in 2017 with an increase of 753% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, silicone imports surged to $X in 2021. Over the period under review, imports posted notable growth. The most prominent rate of growth was recorded in 2017 with an increase of 409%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Belgium (X tons) and China (X tons) were the main suppliers of silicone imports to the Netherlands, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicone suppliers to the Netherlands were Germany ($X), Belgium ($X) and the United States ($X), together comprising 74% of total imports. These countries were followed by the UK, China, Japan, Thailand and Italy, which together accounted for a further 21%.

China, with a CAGR of +20.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicone import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silicone import price decreased by -19.0% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 71%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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