Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines - 2023
Contents:
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines (CIF) - 2023
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines (FOB) - 2022
- Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines
- Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines (CIF) - 2023
In November 2023, the average import price for silicon; containing by weight less than 99.99% of silica amounted to $2,674 per ton, increasing by 29% against the previous month. In general, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 124% month-to-month. As a result, import price attained the peak level of $5,960 per ton. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($3,777 per ton), while the price for China amounted to $1,918 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.7%).
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines (FOB) - 2022
The average export price for silicon; containing by weight less than 99.99% of silica stood at $871 per ton in 2022, reducing by -5.6% against the previous year. Over the period under review, the export price faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 67%. As a result, the export price attained the peak level of $5,294 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,952 per ton), while the average price for exports to the United States ($683 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 Belgium (+0.6%), while the prices for the other major destinations experienced a decline.
Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines
In 2022, approx. 686 tons of silicon; containing by weight less than 99.99% of silica were imported into the Philippines; which is down by -39.7% compared with 2021. In general, imports showed a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 1.1K tons, and then dropped notably in the following year.
In value terms, imports of silicon; containing by weight less than 99.99% of silica declined rapidly to $2.3M in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 103%. As a result, imports attained the peak of $4M, and then contracted significantly in the following year.
| Import of Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 980 | 914 | 2,776 | 1,712 | 20.4% |
| Japan | 569 | 880 | 879 | 473 | -6.0% |
| Malaysia | 44.9 | 41.2 | 145 | 96.4 | 29.0% |
| Others | 323 | 157 | 238 | 54.8 | -44.6% |
| Total | 1,917 | 1,992 | 4,040 | 2,336 | 6.8% |
Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to the Philippines in 2022:
- China (565.9 tons)
- Japan (89.5 tons)
- Malaysia (27.4 tons)
Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines
In 2022, approx. 6.2 tons of silicon; containing by weight less than 99.99% of silica were exported from the Philippines; increasing by 9,553% compared with 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 11,386% against the previous year. As a result, the exports attained the peak of 12 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of silicon; containing by weight less than 99.99% of silica soared to $5.4K in 2022. In general, exports recorded significant growth.
| Export of Silicon; Containing by Weight Less than 99.99% of Silicon in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | 9.3 | N/A | 4.8 | 152.0% |
| United States | N/A | 1.1 | N/A | 0.5 | -32.6% |
| Others | N/A | 0.3 | N/A | 0.1 | -42.3% |
| Total | 0.4 | 10.7 | 0.1 | 5.4 | 138.1% |
Top Export Markets for Silicon; Containing by Weight Less than 99.99% of Silicon from the Philippines in 2022:
- Germany (5.4 tons)
- United States (0.8 tons)
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