Hong Kong SAR, China - Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicon Price in Hong Kong SAR - 2023
Contents:
- Silicon Price in Hong Kong SAR (CIF) - 2023
- Silicon Price in Hong Kong SAR (FOB) - 2022
- Silicon Imports in Hong Kong SAR
- Silicon Exports in Hong Kong SAR
Silicon Price in Hong Kong SAR (CIF) - 2023
The average silicon import price stood at $16,154 per ton in August 2023, growing by 23% against the previous month. Overall, the import price posted a resilient increase. The pace of growth appeared the most rapid in March 2023 an increase of 729% against the previous month. Over the period under review, average import prices reached the maximum in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($26,459 per ton), while the price for Japan amounted to $11,670 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+61.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicon Price in Hong Kong SAR (FOB) - 2022
The average silicon export price stood at $12,559 per ton in 2022, picking up by 60% against the previous year. In general, the export price recorded a temperate expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 131% against the previous year. Over the period under review, the average export prices hit record highs at $14,835 per ton in 2014; however, from 2015 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 China ($16,061 per ton), while the average price for exports to Brazil ($2,476 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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Silicon Imports in Hong Kong SAR
In 2022, imports of silicon into Hong Kong SAR surged to 931 tons, picking up by 28% against 2021. Overall, imports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 261%.
In value terms, silicon imports fell to $6.6M in 2022. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 417%.
| Import of Silicon in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,952 | 586 | 678 | 1,254 | -13.7% |
| Taiwan (Chinese) | 1,217 | 2.5 | N/A | 1,144 | -2.0% |
| Italy | 39.8 | N/A | N/A | 973 | 190.2% |
| Japan | 561 | 366 | 546 | 628 | 3.8% |
| Singapore | 219 | 101 | 1,724 | 528 | 34.1% |
| China | 231 | 7.4 | 3,432 | 466 | 26.4% |
| South Korea | 704 | N/A | N/A | 442 | -14.4% |
| Malaysia | 399 | N/A | N/A | 388 | -0.9% |
| United States | 2,290 | 282 | 568 | 267 | -51.1% |
| Russia | N/A | N/A | N/A | 194 | 0% |
| Thailand | N/A | N/A | N/A | 177 | 0% |
| Norway | 280 | N/A | N/A | 95.6 | -30.1% |
| Others | 48.2 | N/A | 6.8 | 14.1 | -33.6% |
| Total | 7,941 | 1,345 | 6,955 | 6,571 | -6.1% |
Top Suppliers of Silicon to Hong Kong SAR in 2022:
- Taiwan (Chinese) (185.2 tons)
- South Korea (133.1 tons)
- Germany (90.8 tons)
- Japan (88.3 tons)
- Russia (87.8 tons)
- Malaysia (64.5 tons)
- Italy (63.3 tons)
- Singapore (62.8 tons)
- United States (51.3 tons)
- Thailand (45.7 tons)
- China (42.7 tons)
- Norway (12.1 tons)
Silicon Exports in Hong Kong SAR
In 2022, approx. 1K tons of silicon were exported from Hong Kong SAR; increasing by 63% on the previous year's figure. Over the period under review, exports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 347%.
In value terms, silicon exports soared to $13M in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 209% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Silicon in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 0.1 | 2.3 | 7.9 | 43.0% |
| Japan | 1.0 | N/A | 0.5 | 1.8 | 21.6% |
| Malaysia | 0.4 | N/A | N/A | 1.6 | 58.7% |
| Taiwan (Chinese) | 2.1 | 0.6 | 0.5 | 1.5 | -10.6% |
| Thailand | N/A | N/A | N/A | 0.2 | 0% |
| Brazil | N/A | N/A | N/A | 0.1 | 0% |
| Russia | 2.0 | 0.7 | N/A | N/A | -65.0% |
| South Korea | N/A | N/A | 0.9 | N/A | 0% |
| United Arab Emirates | 0.5 | N/A | N/A | N/A | 0% |
| Singapore | N/A | N/A | 0.7 | N/A | 0% |
| Others | 1.7 | 0.2 | 0.3 | 0.2 | -51.0% |
| Total | 10.3 | 1.6 | 5.1 | 13.2 | 8.6% |
Top Export Markets for Silicon from Hong Kong SAR in 2022:
- China (488.9 tons)
- Malaysia (239.0 tons)
- Japan (135.2 tons)
- Taiwan (Chinese) (109.1 tons)
- Brazil (50.0 tons)
- Thailand (24.1 tons)
This report provides an in-depth analysis of the silicon market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132150 - Silicon
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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