Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa - 2024
Contents:
- Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa (CIF) - 2024
- Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa (FOB) - 2022
- Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa
- Exports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa
Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa (CIF) - 2024
In January 2024, the average import price for silicon; containing by weight not less than 99.99% of silica amounted to $173K per ton, dropping by -22.7% against the previous month. Overall, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in November 2023 when the average import price increased by 40% against the previous month. Over the period under review, average import prices hit record highs at $269K per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From January 2023 to January 2024, the rate of growth in terms of prices for China amounted to +1.0% per month.
Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa (FOB) - 2022
In 2022, the average export price for silicon; containing by weight not less than 99.99% of silica amounted to $76,760 per ton, dropping by -10.7% against the previous year. In general, the export price, however, posted a pronounced expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 418% against the previous year. Over the period under review, the average export prices reached the peak figure at $98,296 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($106,150 per ton), while the average price for exports to Swaziland ($2,950 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 Botswana (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa
In 2022, approx. 17 tons of silicon; containing by weight not less than 99.99% of silica were imported into South Africa; increasing by 19% on the previous year's figure. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. As a result, imports attained the peak of 17 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of silicon; containing by weight not less than 99.99% of silica skyrocketed to $4.1M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.6 | 0.8 | 2.4 | 188.4% |
| Japan | 2.1 | 2.7 | 2.4 | 1.7 | -6.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.2 | 3.3 | 3.2 | 4.1 | 23.1% |
Top Suppliers of Silicon; Containing by Weight Not Less than 99.99% of Silicon to South Africa in 2022:
- Japan (9.8 tons)
- China (6.8 tons)
Exports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa
Exports of silicon; containing by weight not less than 99.99% of silica from South Africa reduced rapidly to 17 tons in 2022, with a decrease of -65.4% against 2021. In general, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 64%. As a result, the exports reached the peak of 48 tons, and then fell notably in the following year.
In value terms, exports of silicon; containing by weight not less than 99.99% of silica reduced sharply to $1.3M in 2022. Overall, exports showed a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. As a result, the exports attained the peak of $4.2M, and then shrank dramatically in the following year.
| Export of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,691 | 2,098 | 3,983 | 757 | -34.5% |
| China | 0.9 | 113 | 185 | 517 | 731.3% |
| Swaziland | 0.7 | 0.1 | 0.1 | 8.2 | 127.1% |
| Zimbabwe | N/A | 4.5 | N/A | 0.5 | -66.7% |
| Others | 2.0 | 19.4 | 2.3 | 3.2 | 17.0% |
| Total | 2,695 | 2,235 | 4,170 | 1,287 | -21.8% |
Top Export Markets for Silicon; Containing by Weight Not Less than 99.99% of Silicon from South Africa in 2022:
- Japan (8.8 tons)
- China (4.9 tons)
- Swaziland (2.8 tons)
- Zimbabwe (0.1 tons)
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