Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the United States - 2023

Contents:

  1. Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the United States (CIF) - 2023
  2. Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the United States (FOB) - 2023
  3. Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in the United States
  4. Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in the United States

Price for Silicon; Containing by Weight Less than 99.99% of Silicon in the United States (CIF) - 2023

The average import price for silicon; containing by weight less than 99.99% of silica stood at $3,233 per ton in December 2023, declining by -10.9% against the previous month. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.7% month-to-month. Over the period under review, average import prices reached the peak figure at $6,141 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($3,503 per ton), while the price for Lao People's Democratic Republic ($2,250 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (-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 the United States (FOB) - 2023

The average export price for silicon; containing by weight less than 99.99% of silica stood at $4,519 per ton in December 2023, with a decrease of -25.5% against the previous month. In general, the export price, however, posted a noticeable increase. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 126% month-to-month. Over the period under review, the average export prices reached the maximum at $8,413 per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($11,760 per ton), while the average price for exports to the Netherlands ($820 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.2%), 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 the United States

In 2022, the amount of silicon; containing by weight less than 99.99% of silica imported into the United States skyrocketed to 307K tons, increasing by 142% compared with the year before. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of silicon; containing by weight less than 99.99% of silica skyrocketed to $735M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Silicon; Containing by Weight Less than 99.99% of Silicon in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil13611216335838.1%
Canada78.050.365.518132.4%
Norway41.340.532.081.925.6%
Malaysia6.616.31.447.292.7%
Thailand14.33.115.530.628.9%
Bosnia and Herzegovina20.114.0N/AN/A-30.3%
Others56.628.820.836.3-13.8%
Total35326429873527.7%

Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to the United States in 2022:

  1. Brazil (151.8K tons)
  2. Canada (74.0K tons)
  3. Norway (37.6K tons)
  4. Malaysia (26.4K tons)
  5. Thailand (6.9K tons)

Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in the United States

In 2022, after three years of growth, there was significant decline in overseas shipments of silicon; containing by weight less than 99.99% of silica, when their volume decreased by -42.6% to 2.9K tons. Over the period under review, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year.

In value terms, exports of silicon; containing by weight less than 99.99% of silica declined dramatically to $8.1M in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $13M, and then contracted markedly in the following year.

Export of Silicon; Containing by Weight Less than 99.99% of Silicon in the United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico2912,1032,2872,23697.3%
Canada1,2202,7705,1502,01318.2%
Belgium48337049569913.1%
Germany50.871.4435604128.2%
Netherlands524262438375-10.6%
China236144436193-6.5%
South Africa1811161351860.9%
United Kingdom42127373.0180-24.7%
Others3465083,7791,58065.9%
Total3,7526,61713,2278,06529.1%

Top Export Markets for Silicon; Containing by Weight Less than 99.99% of Silicon from the United States in 2022:

  1. Canada (571.9 tons)
  2. Mexico (506.1 tons)
  3. Germany (399.7 tons)
  4. Belgium (315.6 tons)
  5. Netherlands (312.2 tons)
  6. China (146.0 tons)
  7. South Africa (131.4 tons)
  8. United Kingdom (78.5 tons)

Source: IndexBox Market Intelligence Platform

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