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World - Silicon - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Silicon - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Apr 26, 2022

Global Silicon Market Resumes Growth, Totalling $10B Last Year

IndexBox has just published a new report: 'World - Silicon - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global silicon market expanded modestly to $10.2B in 2021, growing by 4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediaries' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% over the period from 2007 to 2021. China, Japan and Germany are the countries with the largest figures of silicon consumption worldwide. 

Silicon Production

In 2021, production of silicon decreased by -4.7% to 3.4M tons for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, the total production indicated a notable expansion from 2007 to 2021: its volume increased at an average annual rate of +3.8% over the last fourteen-year period. China, Brazil, Norway, France, and the U.S. are the world's largest silicon manufacturers, accounting for over 90% of the global production volume. 

Silicon Exports

In 2021, overseas shipments of silicon were finally on the rise to reach 1.8M tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +2.0% over the period from 2007 to 2021. 

In value terms, silicon exports surged to $7.7B in 2021. Overall, total exports indicated a temperate increase from 2007 to 2021: its value increased at an average annual rate of +2.0% over the last fourteen years. 

Exports by Country

China represented the main exporting country with exports of about 713K tons, which amounted to 39% of total supplies. Norway (205K tons) ranks second in terms of the total exports with a 11% share, followed by Brazil (9.5%), Malaysia (9%), the Netherlands (7.2%) and Germany (4.9%). The United States (55K tons) followed a long way behind the leaders.

In value terms, the largest silicon supplying countries worldwide were Germany ($1.6B), China ($1.5B) and the United States ($1.1B), together comprising 55% of global exports. Malaysia, Norway, Brazil and the Netherlands lagged somewhat behind, together comprising a further 24%.

Malaysia saw the highest growth rate of the value of exports, in terms of the main exporting countries from 2007-2021, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average silicon export price stood at $4,227 per ton in 2021, increasing by 20% against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($20,828 per ton), while Brazil ($1,925 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced mixed trends in the export price figures.

Silicon Imports

In 2021, after two years of decline, there was significant growth in purchases abroad of silicon, when their volume increased by 17% to 1.9M tons. The total import volume increased at an average annual rate of +2.7% from 2007 to 2021.

In value terms, silicon imports surged to $7.4B in 2021. Over the period under review, total imports indicated a slight increase from 2007 to 2021: its value increased at an average annual rate of +2.7% over the last fourteen years. 

Imports by Country

Germany (269K tons), Japan (190K tons), the Netherlands (140K tons), the United States (129K tons), Thailand (127K tons), China (125K tons), South Korea (110K tons), India (95K tons), Malaysia (72K tons), Italy (56K tons), the United Arab Emirates (48K tons) and the UK (47K tons) represented roughly 74% of total imports of silicon in 2021. Russia (38K tons) followed a long way behind the leaders.

In value terms, the largest silicon importing markets worldwide were Japan ($1.4B), China ($1.2B) and Germany ($740M), together comprising 45% of global imports. The United States, South Korea, Malaysia, the Netherlands, Thailand, the UK, India, Italy, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further 35%.

Among the main importing countries, Malaysia recorded the highest growth rate of the value of imports from 2007 to 2021, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silicon import price amounted to $3,923 per ton, picking up by 16% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was China ($9,273 per ton), while the United Arab Emirates ($1,722 per ton) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global silicon market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20132150 - Silicon

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Elkem, JFE Steel, Dow, Nitol Solar, SunEdison, Renewable Energy Corporation, SunEdison, Tokuyama Corporation, Wacker Chemie AG, Xiamen Simag Industrial Co., Zhejiang Zhongcheng Silicon Co., Hoshine Silicon Industry Co., SINOSI Group, SINOGU FERROALLOYS, XINLONGSEN, Rima Industrial, Sobre a Liasa, Mississippi Silicon, Eurometa, Siltronic, SKW Metals & Alloys, Belmont Metals, Noah Chemicals

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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