Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka - 2022

Contents:

  1. Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka (CIF) - 2022
  2. Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka (FOB) - 2022
  3. Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka
  4. Exports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka

Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka (CIF) - 2022

The average import price for silicon; containing by weight not less than 99.99% of silica stood at $8,500 per ton in 2022, increasing by 70% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +750.0% per year.

Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka (FOB) - 2022

The average export price for silicon; containing by weight not less than 99.99% of silica stood at $4,058 per ton in 2020, shrinking by -23.4% against the previous year. In general, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 133%. As a result, the export price attained the peak level of $11,781 per ton. From 2014 to 2020, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2020, the rate of growth in terms of prices for Bangladesh amounted to +120.9% per year.

Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas purchases of silicon; containing by weight not less than 99.99% of silica, which decreased by -98.8% to 2 kg in 2022. Overall, imports saw a dramatic setback. The smallest decline of -37.9% was in 2020.

In value terms, imports of silicon; containing by weight not less than 99.99% of silica shrank dramatically to $17 in 2022. In general, imports faced a sharp reduction. The smallest decline of -12.2% was in 2020.

Import of Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China31.327.40.8N/A-84.0%
IndonesiaN/AN/AN/AN/A0%
Others0.20.3N/AN/A50.0%
Total31.527.70.8N/A-84.1%

Top Suppliers of Silicon; Containing by Weight Not Less than 99.99% of Silicon to Sri Lanka in 2022:

  1. Indonesia (2.0 kg)

Exports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka

In 2020, approx. 4.6 tons of silicon; containing by weight not less than 99.99% of silica were exported from Sri Lanka; declining by -16% compared with 2019 figures. Over the period under review, exports showed a deep contraction.

In value terms, exports of silicon; containing by weight not less than 99.99% of silica declined remarkably to $19K in 2020. Overall, exports faced a precipitous shrinkage.

Export of Silicon; Containing by Weight Not Less than 99.99% of Silicon in Sri Lanka (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
OmanN/A18.70%
Maldives29.1N/A0%
OthersN/AN/A0%
Total29.118.7-35.7%

Top Export Markets for Silicon; Containing by Weight Not Less than 99.99% of Silicon from Sri Lanka in 2022:

  1. Oman (4.6 tons)

Source: IndexBox Market Intelligence Platform

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