Global Silicon Dioxide Market 2024

Silicon Dioxide Market Size

The global silicon dioxide market declined slightly to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Global consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Silicon Dioxide Production

In value terms, silicon dioxide production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, global production growth failed to regain momentum.

Silicon Dioxide Exports

Exports

In 2023, approx. X tons of silicon dioxide were exported worldwide; growing by X% compared with 2022 figures. In general, total exports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure in 2023 and are likely to see gradual growth in the immediate term.

In value terms, silicon dioxide exports declined to $X in 2023. Over the period under review, total exports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports attained the peak figure at $X in 2022, and then declined in the following year.

Exports by Country

China was the main exporter of silicon dioxide in the world, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by Germany (X tons) and the United States (X tons), together achieving a X% share of total exports. The following exporters - France (X tons), Norway (X tons), Taiwan (Chinese) (X tons), Malaysia (X tons), Poland (X tons), India (X tons), the Netherlands (X tons), Thailand (X tons), Belgium (X tons) and South Korea (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to silicon dioxide exports from China stood at X%. At the same time, India (X%), Malaysia (X%), Poland (X%), Thailand (X%) and Belgium (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Taiwan (Chinese), the Netherlands and the United States experienced a relatively flat trend pattern. By contrast, South Korea (X%), Norway (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. China (X p.p.), France (X p.p.), India (X p.p.) and Malaysia (X 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 X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silicon dioxide supplying countries worldwide were China ($X), Germany ($X) and the United States ($X), together accounting for X% of global exports. France, Belgium, Poland, Taiwan (Chinese), South Korea, India, the Netherlands, Thailand, Norway and Malaysia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 2023, which is down by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Silicon Dioxide Imports

Imports

After two years of growth, purchases abroad of silicon dioxide decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, global imports attained the peak figure at X tons in 2022, and then fell slightly in the following year.

In value terms, silicon dioxide imports contracted to $X in 2023. Over the period under review, total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked at $X in 2022, and then shrank in the following year.

Imports by Country

The United States (X tons), Japan (X tons), India (X tons), Vietnam (X tons), Mexico (X tons), the Netherlands (X tons), Germany (X tons), South Korea (X tons), Indonesia (X tons), China (X tons), Thailand (X tons) and Poland (X tons) represented roughly X% of total imports in 2023. Canada (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of global imports. South Korea, Japan, Mexico, Vietnam, the Netherlands, Poland, Canada, Thailand, India and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average silicon dioxide import price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform