Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in the Philippines - 2023
Contents:
- Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in the Philippines (CIF) - 2022
- Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in the Philippines
Price for Silicon; Containing by Weight Not Less than 99.99% of Silicon in the Philippines (CIF) - 2022
The average import price for silicon; containing by weight not less than 99.99% of silica stood at $5,040 per ton in 2022, dropping by -16.5% against the previous year. Overall, the import price showed a noticeable downturn. The growth pace was the most rapid in 2017 when the average import price increased by 150% against the previous year. The import price peaked at $7,424 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($17,553 per ton), while the price for China amounted to $4,862 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.4%).
Imports of Silicon; Containing by Weight Not Less than 99.99% of Silicon in the Philippines
In 2022, approx. 16 tons of silicon; containing by weight not less than 99.99% of silica were imported into the Philippines; rising by 610% compared with the year before. In general, imports, however, continue to indicate a deep setback.
In value terms, imports of silicon; containing by weight not less than 99.99% of silica skyrocketed to $82K in 2022. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicon; Containing by Weight Not Less than 99.99% of Silicon in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 1.9 | 77.7 | 3989.5% |
| South Korea | 48.4 | N/A | N/A | N/A | 0% |
| Japan | 7.3 | 2.8 | 3.5 | N/A | -30.8% |
| Netherlands | 8.6 | 2.0 | 2.1 | N/A | -50.6% |
| Others | 1.4 | 6.3 | 6.2 | 4.0 | 41.9% |
| Total | 65.6 | 11.1 | 13.8 | 81.7 | 7.6% |
Top Suppliers of Silicon; Containing by Weight Not Less than 99.99% of Silicon to the Philippines in 2022:
- China (16.0 tons)
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