Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the UK - 2023
Contents:
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the UK (CIF) - 2023
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the UK (FOB) - 2022
- Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in the UK
- Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in the UK
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the UK (CIF) - 2023
In December 2023, the average import price for silicon; containing by weight less than 99.99% of silica amounted to $2,817 per ton, shrinking by -10.5% against the previous month. Over the period under review, the import price saw a noticeable setback. The pace of growth was the most pronounced in March 2023 when the average import price increased by 7.1% m-o-m. As a result, import price reached the peak level of $4,674 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Brazil ($3,102 per ton) and Spain ($2,466 per ton), while the price for Norway ($2,426 per ton) and Australia ($2,439 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Australia (-3.1%), while the prices for the other major suppliers experienced a decline.
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the UK (FOB) - 2022
In 2022, the average export price for silicon; containing by weight less than 99.99% of silica amounted to $3,863 per ton, with an increase of 19% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for silicon; containing by weight less than 99.99% of silica increased by +94.3% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($5,182 per ton), while the average price for exports to Brazil ($2,174 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 India (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in the UK
In 2022, overseas purchases of silicon; containing by weight less than 99.99% of silica decreased by -10.2% to 77K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of 85K tons, and then declined in the following year.
In value terms, imports of silicon; containing by weight less than 99.99% of silica skyrocketed to $260M in 2022. The total import value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Silicon; Containing by Weight Less than 99.99% of Silicon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 155 | 113 | 80.3 | 111 | -10.5% |
| Spain | 1.1 | 18.3 | 41.5 | 70.9 | 300.9% |
| Norway | 1.0 | 7.5 | 34.1 | 50.4 | 269.4% |
| France | 1.0 | 5.4 | 10.2 | 16.2 | 153.0% |
| China | 14.1 | 1.2 | 20.1 | 6.0 | -24.8% |
| Australia | 0.4 | 0.6 | 1.9 | 2.5 | 84.2% |
| Netherlands | 24.0 | 26.4 | 23.8 | 1.2 | -63.2% |
| Others | 3.4 | 1.7 | 1.3 | 1.7 | -20.6% |
| Total | 200 | 174 | 213 | 260 | 9.1% |
Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to the UK in 2022:
- Brazil (29.9K tons)
- Spain (27.7K tons)
- Norway (10.8K tons)
- France (4.3K tons)
- China (1.8K tons)
- Australia (1.2K tons)
- Netherlands (0.3K tons)
Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in the UK
In 2022, shipments abroad of silicon; containing by weight less than 99.99% of silica decreased by -21.4% to 1.9K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 2.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of silicon; containing by weight less than 99.99% of silica declined to $7.2M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $9M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Silicon; Containing by Weight Less than 99.99% of Silicon in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 327 | 891 | 2,281 | 1,828 | 77.5% |
| United States | 212 | 431 | 518 | 1,756 | 102.3% |
| Netherlands | 355 | 528 | 2,126 | 823 | 32.3% |
| Poland | 1,298 | 2,736 | 533 | 735 | -17.3% |
| Germany | 2,247 | 2,470 | 215 | 602 | -35.5% |
| Belgium | 910 | 1,024 | 947 | 440 | -21.5% |
| Brazil | 13.7 | N/A | 60.2 | 349 | 194.2% |
| Others | 796 | 959 | 1,028 | 653 | -6.4% |
| Total | 6,160 | 9,040 | 7,708 | 7,187 | 5.3% |
Top Export Markets for Silicon; Containing by Weight Less than 99.99% of Silicon from the UK in 2022:
- India (415.6 tons)
- United States (338.9 tons)
- Poland (301.4 tons)
- Netherlands (240.3 tons)
- Germany (165.6 tons)
- Brazil (160.7 tons)
- Belgium (94.6 tons)
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