Ukraine: Silicon Market 2024

Silicon Market Size in Ukraine

In 2022, the Ukrainian silicon market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a abrupt shrinkage. Silicon consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Silicon Production in Ukraine

In value terms, silicon production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic descent. The growth pace was the most rapid in 2021 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 Ukraine

In 2022, after two years of growth, there was significant decline in shipments abroad of silicon, when their volume decreased by X% to X tons. In general, exports faced a dramatic contraction. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silicon exports contracted to $X in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for silicon exports from Ukraine, accounting for a X% share of total exports. Moreover, silicon exports to Japan exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Switzerland (X% per year).

In value terms, Japan ($X) remains the key foreign market for silicon exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and the United States (X% per year).

Export Prices by Country

The average silicon export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silicon export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Switzerland ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Silicon Imports

Imports into Ukraine

In 2022, supplies from abroad of silicon decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silicon imports shrank dramatically to $X in 2022. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest silicon supplier to Ukraine, with a X% share of total imports. Moreover, silicon imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of silicon to Ukraine, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Norway, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the average silicon import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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