Which Country Imports the Most Silicones in the World?

Plastics And Synthetic Rubber In Primary Forms May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global silicone imports amounted to 1.3M tonnes in 2016, jumping by 2% against the previous year level. The total import volume increased at an average annual rate of +1.2% from 2007 to 2016; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when import increased by 14% year-to-year. Global silicone import peaked of 1.3M tonnes in 2014; afterwards, it flattened through to 2016.

In value terms, silicone imports stood at $6.2B in 2016. The total import value increased at an average annual rate of +1.5% over the period from 2007 to 2016; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Global silicone import peaked of $7.2B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Silicone Importing Countries in the World

1. China (689.6 million USD)

2. Belgium (487.9 million USD)

3. USA (450.1 million USD)

4. South Korea (449.8 million USD)

5. Germany (394.1 million USD)

6. Italy (286.4 million USD)

7. United Kingdom (256.9 million USD)

8. France (235.2 million USD)

9. Mexico (189.9 million USD)

10. India (166.5 million USD)

11. Brazil (128.7 million USD)

12. Turkey (117.0 million USD)

Silicone Imports By Country

In 2016, Belgium (152K tonnes), South Korea (115K tonnes), China (113K tonnes), the U.S. (86K tonnes), Germany (78K tonnes), Italy (59K tonnes), India (55K tonnes), Mexico (46K tonnes), the UK (39K tonnes), France (37K tonnes), Brazil (32K tonnes), and Turkey (32K tonnes) were the largest importers of silicone in the world, committing 66% of total import.

From 2007 to 2016, the most notable growth rate of silicone imports, among the main importing countries, was attained by India (+11.0% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest silicone markets worldwide were China ($690M), Belgium ($488M) and the U.S. ($450M), with a combined 26% share of global imports.South Korea, Germany, Italy, the UK, France, Mexico, India, Brazil and Turkey lagged somewhat behind, together comprising a further 36%.

India (+10.1% per year) recorded the highest growth rate of silicone imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Silicone Import Prices By Country

The average silicone import price stood at $4,821 per tonne in 2016, waning by -2.8% against the previous year. Overall, silicone import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when import increased by 9% from the previous year level. Global silicone import peaked of $5,521 per tonne in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was the UK ($6,638 per tonne), while India ($3,038 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of silicone import prices was attained by China (+5.6% 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