Global Silicon Dioxide Market 2024

Silicon Dioxide Market Size

In 2021, after two years of decline, there was growth in the global silicon dioxide market, when its value increased by 1.3% to $X. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the global market remained at a lower figure.

Silicon Dioxide Production

In value terms, silicon dioxide production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 12%. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth failed to regain momentum.

Silicon Dioxide Exports

Exports

In 2021, approx. X tons of silicon dioxide were exported worldwide; growing by 34% on 2020 figures. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon dioxide exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of silicon dioxide in the world, with the volume of exports amounting to X tons, which was approx. 28% of total exports in 2021. Germany (X tons) ranks second in terms of the total exports with an 11% share, followed by the Netherlands (7%), France (6.2%), Norway (5.4%) and the United States (5%). The following exporters - Taiwan (Chinese) (X tons), India (X tons), Spain (X tons), Poland (X tons), Thailand (X tons), Belgium (X tons) and Japan (X tons) - together made up 21% of total exports.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, India (+28.6%), Poland (+11.0%), the Netherlands (+10.0%), Belgium (+5.6%), Japan (+3.7%), Thailand (+3.5%) and Spain (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +28.6% from 2012-2021. Taiwan (Chinese), Germany and France experienced a relatively flat trend pattern. By contrast, the United States (-1.1%) and Norway (-1.1%) illustrated a downward trend over the same period. France (+6.2 p.p.), India (+3.2 p.p.), the Netherlands (+2.5 p.p.) and China (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), the United States, Norway and Germany saw its share reduced by -1.5%, -3.3%, -3.6% and -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 48% of global exports. These countries were followed by the United States, France, the Netherlands, Belgium, Taiwan (Chinese), Poland, India, Thailand, Spain and Norway, which together accounted for a further 35%.

In terms of the main exporting countries, India, with a CAGR of +26.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 7.6% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.5%), while the other global leaders experienced more modest paces of growth.

Silicon Dioxide Imports

Imports

In 2021, overseas purchases of silicon dioxide were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 14%. Over the period under review, global imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, silicon dioxide imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of silicon dioxide, namely Japan, the United States, Vietnam, Germany, South Korea, the Netherlands, China, Thailand, Indonesia, Poland, France and Mexico, represented more than half of total import. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +14.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 22% of global imports. These countries were followed by France, Japan, South Korea, Vietnam, the Netherlands, Mexico, Poland, Thailand, Indonesia and India, which together accounted for a further 35%.

In terms of the main importing countries, Vietnam, with a CAGR of +15.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicon dioxide import price amounted to $X per ton, with an increase of 12% against the previous year. In general, the import price, however, showed a slight slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :