Turkey: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Turkey

In 2021, the Turkish silicon dioxide market increased by 3.4% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a relatively flat trend pattern. Silicon dioxide consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Silicon Dioxide Production in Turkey

In value terms, silicon dioxide production surged to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. Silicon dioxide production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Silicon Dioxide Exports

Exports from Turkey

In 2021, shipments abroad of silicon dioxide was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports soared to $X in 2021. In general, total exports indicated a measured expansion from 2012 to 2021: its value 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. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons), Romania (X tons) and Belgium (X tons) were the main destinations of silicon dioxide exports from Turkey, together comprising 65% of total exports. Italy, Poland, Hungary, Russia and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +616.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silicon dioxide exported from Turkey were Slovakia ($X), Romania ($X) and Italy ($X), together comprising 60% of total exports. These countries were followed by Belgium, Poland, Hungary, Russia and Germany, which together accounted for a further 31%.

Among the main countries of destination, Hungary, with a CAGR of +415.7%, recorded the highest rates of growth with regard to 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, growing by 8.9% against the previous year. In general, the export price, however, recorded a perceptible downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Belgium ($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 Poland (+2.0%), while the prices for the other major destinations experienced a decline.

Silicon Dioxide Imports

Imports into Turkey

In 2021, silicon dioxide imports into Turkey dropped to X tons, waning by -2.5% against the previous year's figure. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.0% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, silicon dioxide imports soared to $X in 2021. The total import value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of silicon dioxide imports to Turkey, with a combined 65% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide suppliers to Turkey were Germany ($X), China ($X) and Poland ($X), together comprising 63% of total imports.

Poland, with a CAGR of +43.6%, saw the highest rates of growth with regard to 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 silicon dioxide import price amounted to $X per ton, rising by 22% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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