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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: Nov 17, 2023

Top Import Markets for Silicon

Silicon is a widely used and highly sought-after material in various industries, making it a key component in global trade. As the demand for silicon continues to rise, import markets around the world have become increasingly crucial in meeting this demand. In this article, we will explore the top import markets for silicon, focusing on key statistics and data from the IndexBox market intelligence platform.

1. China - Leading the Way

China is the world's largest importer of silicon, with an import value of $2.9 billion in 2022. The country's dominance in the silicon market can be attributed to its rapidly growing industrial sector and extensive use of silicon in various applications, including electronics, solar panels, and construction materials. China's strong manufacturing capabilities and robust demand for silicon make it a key player in the global import market.

2. Japan - Second Largest Importer

Japan ranks second in terms of silicon imports, with an import value of $1.5 billion in 2022. The country is known for its advanced technology and electronics industry, which heavily relies on silicon for semiconductor production. Japan's high-tech manufacturing sector and strong demand for silicon contribute significantly to its position as a top import market for this material.

3. Germany - European Silicon Hub

Germany takes the third spot among the top import markets for silicon, with an import value of $1.2 billion in 2022. The country serves as a major hub for silicon imports in Europe, driven by its thriving automotive industry and the use of silicon in manufacturing electric vehicles and other automotive components. Germany's strong economy and focus on technological advancements make it an attractive market for silicon importers.

4. United States - Growing Demand

The United States holds the fourth position in the list of top silicon import markets, with an import value of $901.5 million in 2022. The country's robust demand for silicon can be attributed to its diverse industrial sector, particularly in the electronics, aerospace, and renewable energy industries. The United Statesfocus on clean energy initiatives, such as solar power, further fuels the demand for silicon imports.

5. South Korea and Taiwan - Asia's Silicon Importers

South Korea and Taiwan occupy the fifth and sixth positions, respectively, in the world's top silicon import markets. South Korea recorded an import value of $572.4 million in 2022, while Taiwan's import value stood at $535.1 million in the same year. Both countries are known for their strong semiconductor industries and rely heavily on silicon imports to meet their manufacturing needs.

6. Netherlands - European Silicon Trading Hub

The Netherlands stands as a prominent European import market for silicon, with an import value of $488.6 million in 2022. The country serves as a trading hub for silicon within Europe, benefiting from its strategic location and well-developed transportation infrastructure. The Netherlandsrole as a gateway to the European market positions it as an attractive destination for silicon importers.

7. Thailand and Malaysia - Emerging Markets

Thailand and Malaysia are emerging import markets for silicon, with import values of $357.5 million and $302.8 million, respectively, in 2022. Both countries are experiencing significant industrial growth, with a particular focus on electronics and automotive manufacturing. The burgeoning demand for silicon in these sectors contributes to their rising importance in the global import market.

8. United Kingdom - Growing Demand Post-Brexit

The United Kingdom, despite its recent exit from the European Union, remains a noteworthy import market for silicon. With an import value of $283.7 million in 2022, the country demonstrates a growing demand for silicon in various industries, including electronics, telecommunications, and automotive. The United Kingdom's pursuit of technological advancements and its efforts to establish itself as an innovation-driven economy contribute to the increasing import demand for silicon.

As highlighted by the data from the IndexBox market intelligence platform, these countries serve as the leading import markets for silicon, driving global trade in this highly valuable material. The demand for silicon continues to rise, prompted by the rapid growth of various industries and the increasing need for advanced technologies. The import markets mentioned in this article play a crucial role in meeting this demand and are likely to maintain their significance in the global silicon trade in the coming years.

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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