Which Country Exports the Most Silicones in the World?

Plastics And Synthetic Rubber In Primary Forms May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the global silicone exports totaled 934K tonnes, going down by -1.8% against the previous year level. Overall, silicone exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when it surged by 33% y-o-y. In that year, global silicone exports reached its maximum volume of 1.1M tonnes. From 2010 to 2016, growth of global silicone exports failed to regain its strength.

In value terms, silicone exports stood at $4.7B in 2016. Overall, silicone exports continue to indicate a relatively flat trend pattern. Over the period under review, global silicone exports reached its maximum level of $5.6B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Silicone Exporting Countries in the World

1. USA (1,229.0 million USD)

2. Japan (691.1 million USD)

3. Belgium (515.7 million USD)

4. United Kingdom (459.1 million USD)

5. China (387.6 million USD)

6. South Korea (239.5 million USD)

7. Netherlands (216.5 million USD)

8. Thailand (168.4 million USD)

9. China, Hong Kong SAR (149.8 million USD)

10. Italy (110.3 million USD)

11. India (56.1 million USD)

Silicone Exports By Country

The countries with the highest levels of silicone exports in 2016 were the U.S. (172K tonnes), the UK (167K tonnes), China (139K tonnes), Belgium (105K tonnes), Japan (79K tonnes), and Thailand (61K tonnes), together recording 77% of total export. South Korea (40K tonnes), the Netherlands (36K tonnes), China, Hong Kong SAR (21K tonnes), India (20K tonnes), and Italy (17K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of silicone exports, among the main exporting countries, was attained by India (+23.6% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($1.2B), Japan ($691M) and Belgium ($516M) appeared as the countries with the highest levels of exports in 2016, together comprising 52% of global exports.The UK, China, South Korea, the Netherlands, Thailand, China, Hong Kong SAR, Italy and India lagged somewhat behind, together accounting for a further 38%.

India (+24.3% per year) recorded the highest growth rate of silicone exports, among the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Silicone Export Prices By Country

In 2016, the average export price for silicone amounted to $4,985 per tonne, waning by -1.9% against the previous year. In general, silicone export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by 18% from the previous year level. Over the period under review, average silicone export price attained its maximum level of $5,758 per tonne in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

Export prices varied noticeably by country of destination. the country with the highest export prices was Japan ($8,797 per tonne), while the UK ($2,748 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of silicone export prices was attained by China, Hong Kong SAR (+7.7% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global silicone market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • silicone market share
  • silicone prices
  • silicone industry
  • silicone sales
  • silicone import
  • silicone export
  • silicone market forecast
  • silicone price forecast
  • key silicone producers

All data provided in this article covers the following product: HS Code 3910 - Silicones in primary forms.

Source: World: Silicones (In Primary Forms) - Market Report. Analysis and Forecast to 2025