United Arab Emirates: Silicon Market 2024

Silicon Market Size in the United Arab Emirates

The silicon market in the United Arab Emirates surged to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Silicon Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of silicon decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, silicon exports reduced sharply to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Italy (X tons), Poland (X tons) and Zambia (X tons) were the main destinations of silicon exports from the United Arab Emirates, together comprising X% of total exports. China, Pakistan, Oman, Iraq, Tanzania, Saudi Arabia, Bahrain, India and Qatar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and China ($X) were the largest markets for silicon exported from the United Arab Emirates worldwide, together accounting for X% of total exports. Pakistan, Iraq, Zambia, Oman, Bahrain, Tanzania, Saudi Arabia, India and Qatar lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Iraq, with a CAGR of X%, recorded 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 2022, the average silicon export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated a mild expansion 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 2020 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Zambia ($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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Imports

Imports into the United Arab Emirates

In 2022, the amount of silicon imported into the United Arab Emirates expanded markedly to X tons, picking up by X% on the year before. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, silicon imports soared to $X in 2022. Over the period under review, imports showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) was the main silicon supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, silicon imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of silicon to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average silicon import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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