Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam - 2022

Contents:

  1. Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam (CIF) - 2022
  2. Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam (FOB) - 2022
  3. Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam
  4. Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam

Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam (CIF) - 2022

In 2022, the average import price for silicon; containing by weight less than 99.99% of silica amounted to $3,249 per ton, growing by 39% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for silicon; containing by weight less than 99.99% of silica increased by +79.1% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,266 per ton), while the price for Hong Kong SAR ($1,922 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam (FOB) - 2022

The average export price for silicon; containing by weight less than 99.99% of silica stood at $1,473 per ton in 2022, dropping by -19.1% against the previous year. In general, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 9.8% against the previous year. As a result, the export price reached the peak level of $2,615 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,783 per ton), while the average price for exports to Taiwan (Chinese) ($842 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 Germany (+27.2%), while the prices for the other major destinations experienced a decline.

Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam

In 2022, overseas purchases of silicon; containing by weight less than 99.99% of silica decreased by -16% to 9.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% 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 +35.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 29%.

In value terms, imports of silicon; containing by weight less than 99.99% of silica soared to $30M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China12.516.124.828.731.9%
AustraliaN/A0.10.61.1231.7%
Others0.60.50.40.3-20.6%
Total13.116.725.730.132.0%

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

  1. China (8.8K tons)
  2. Australia (0.3K tons)

Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam

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 -47.1% to 75 tons. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2021 when exports increased by 92%. As a result, the exports attained the peak of 142 tons, and then dropped remarkably in the following year.

In value terms, exports of silicon; containing by weight less than 99.99% of silica shrank significantly to $110K in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, the exports reached the peak of $258K, and then plummeted in the following year.

Export of Silicon; Containing by Weight Less than 99.99% of Silicon in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States41.959.915350.76.6%
IcelandN/AN/AN/A19.60%
Indonesia10.818.234.211.31.5%
Lao People's Democratic Republic3.04.525.98.642.1%
China4.15.66.96.516.6%
Hong Kong SAR12.813.612.83.4-35.7%
Taiwan (Chinese)8.215.613.22.6-31.8%
Others10.912.212.17.5-11.7%
Total91.81292581106.2%

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

  1. United States (27.3 tons)
  2. Iceland (18.2 tons)
  3. Indonesia (8.2 tons)
  4. Lao People's Democratic Republic (7.7 tons)
  5. China (4.6 tons)
  6. Taiwan (Chinese) (3.1 tons)
  7. Hong Kong SAR (2.3 tons)

Source: IndexBox Market Intelligence Platform

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