Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea - 2022
Contents:
- Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea (CIF) - 2022
- Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea (FOB) - 2022
- Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea
- Exports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea
Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea (CIF) - 2022
The average import price for silicon; containing by weight not less than 99.99% of silica stood at $51,608 per ton in 2022, rising by 40% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($88,669 per ton), while the price for Malaysia ($7,544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced a decline.
Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea (FOB) - 2022
The average export price for silicon; containing by weight not less than 99.99% of silica stood at $27,246 per ton in 2022, with an increase of 44% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 80%. The export price peaked at $27,396 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($46,747 per ton), while the average price for exports to Hong Kong SAR ($2,627 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 Malaysia (+0.5%), while the prices for the other major destinations experienced a decline.
Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea
In 2022, overseas purchases of silicon; containing by weight not less than 99.99% of silica decreased by -33.1% to 5.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 11%. As a result, imports reached the peak of 8.2K tons, and then reduced sharply in the following year.
In value terms, imports of silicon; containing by weight not less than 99.99% of silica shrank to $283M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports reached the peak of $303M, and then fell in the following year.
| Import of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 110 | 84.5 | 121 | 93.7 | -5.2% |
| China | 25.9 | 21.6 | 57.7 | 91.3 | 52.2% |
| Japan | 40.2 | 62.7 | 59.6 | 64.4 | 17.0% |
| Germany | 39.1 | 70.0 | 52.8 | 27.7 | -10.9% |
| Malaysia | 6.8 | 1.3 | 0.1 | 2.2 | -31.4% |
| Others | 1.2 | 1.3 | 11.5 | 3.4 | 41.5% |
| Total | 223 | 241 | 303 | 283 | 8.3% |
Top Suppliers of Silicon; Containing by Weight Not Less than 99.99% of Silicon to South Korea in 2022:
- United States (2105.8 tons)
- Japan (1190.5 tons)
- China (1029.8 tons)
- Germany (781.6 tons)
- Malaysia (298.1 tons)
Exports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea
In 2022, approx. 3K tons of silicon; containing by weight not less than 99.99% of silica were exported from South Korea; dropping by -49% compared with 2021. In general, exports recorded a dramatic shrinkage.
In value terms, exports of silicon; containing by weight not less than 99.99% of silica declined dramatically to $83M in 2022. Overall, exports continue to indicate a sharp downturn. The smallest decline of -16.8% was in 2021.
| Export of Silicon; Containing by Weight Not Less than 99.99% of Silicon in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 451 | 101 | 74.1 | 31.4 | -58.9% |
| Taiwan (Chinese) | 17.3 | 11.9 | 14.7 | 11.3 | -13.2% |
| Japan | 12.5 | 2.0 | 7.4 | 11.0 | -4.2% |
| Malaysia | 10.3 | 14.8 | 9.8 | 10.9 | 1.9% |
| Vietnam | 0.2 | 0.3 | 0.4 | 10.4 | 273.3% |
| Hong Kong SAR | 1.6 | 0.1 | 0.3 | 0.2 | -50.0% |
| Others | 5.7 | 5.6 | 5.9 | 7.7 | 10.5% |
| Total | 499 | 135 | 112 | 82.8 | -45.0% |
Top Export Markets for Silicon; Containing by Weight Not Less than 99.99% of Silicon from South Korea in 2022:
- China (1400.3 tons)
- Taiwan (Chinese) (557.5 tons)
- Vietnam (414.9 tons)
- Japan (262.2 tons)
- Malaysia (232.1 tons)
- Hong Kong SAR (61.1 tons)
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