Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand - 2024
Contents:
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand (CIF) - 2024
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand (FOB) - 2022
- Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand
- Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand (CIF) - 2024
The average import price for silicon; containing by weight less than 99.99% of silica stood at $2,199 per ton in January 2024, approximately equating the previous month. Over the period under review, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 12% against the previous month. The import price peaked at $3,229 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was Lao People's Democratic Republic ($2,367 per ton), while the price for Hong Kong SAR ($2,147 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-2.1%), while the prices for the other major suppliers experienced a decline.
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand (FOB) - 2022
In 2022, the average export price for silicon; containing by weight less than 99.99% of silica amounted to $5,090 per ton, growing by 69% against the previous year. In general, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,151 per ton), while the average price for exports to India ($1,452 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 China (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand
In 2022, imports of silicon; containing by weight less than 99.99% of silica into Thailand totaled 106K tons, surging by 3.7% on the previous year. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +52.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, imports of silicon; containing by weight less than 99.99% of silica surged to $357M in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 111% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.8 | 101 | 266 | 179 | 25.9% |
| Australia | 27.7 | 23.4 | 22.9 | 82.5 | 43.9% |
| Brazil | 16.0 | 17.5 | 8.5 | 61.2 | 56.4% |
| Lao People's Democratic Republic | 0.5 | 0.2 | 4.8 | 30.1 | 291.9% |
| Others | 1.3 | 2.6 | 4.0 | 4.4 | 50.1% |
| Total | 135 | 145 | 306 | 357 | 38.3% |
Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to Thailand in 2022:
- China (40.1K tons)
- Australia (36.5K tons)
- Brazil (23.6K tons)
- Lao People's Democratic Republic (4.5K tons)
Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand
In 2022, approx. 6.3K tons of silicon; containing by weight less than 99.99% of silica were exported from Thailand; declining by -38.7% compared with the previous year. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 264%.
In value terms, exports of silicon; containing by weight less than 99.99% of silica totaled $32M in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 500% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Silicon; Containing by Weight Less than 99.99% of Silicon in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.1 | 3.7 | 21.0 | 26.0 | 32.8% |
| China | N/A | N/A | 6.0 | 2.9 | -51.7% |
| Netherlands | N/A | N/A | 1.9 | 2.0 | 5.3% |
| United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
| India | N/A | N/A | N/A | 0.4 | 0% |
| Japan | 4.9 | 1.2 | N/A | 0.1 | -72.7% |
| South Korea | N/A | N/A | 0.7 | N/A | 0% |
| Canada | 7.4 | N/A | 0.4 | N/A | -76.8% |
| Others | 0.1 | 0.3 | 1.0 | 0.1 | 0.0% |
| Total | 23.5 | 5.2 | 30.9 | 31.9 | 10.7% |
Top Export Markets for Silicon; Containing by Weight Less than 99.99% of Silicon from Thailand in 2022:
- United States (4224.0 tons)
- China (1015.0 tons)
- Netherlands (624.0 tons)
- India (257.7 tons)
- United Arab Emirates (96.0 tons)
- Japan (20.0 tons)
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