Mexico - Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicon Price in Mexico - 2023
Contents:
- Silicon Price in Mexico (CIF) - 2023
- Silicon Price in Mexico (FOB) - 2022
- Silicon Imports in Mexico
- Silicon Exports in Mexico
Silicon Price in Mexico (CIF) - 2023
In June 2023, the average silicon import price amounted to $2,382 per ton, shrinking by -8.9% against the previous month. In general, the import price showed a pronounced decline. The pace of growth was the most pronounced in February 2023 when the average import price increased by 50% month-to-month. The import price peaked at $3,677 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -3.6% per month.
Silicon Price in Mexico (FOB) - 2022
The average silicon export price stood at $3,643 per ton in 2022, falling by -11.4% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 213% against the previous year. As a result, the export price reached the peak level of $10,494 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($27,000 per ton), while the average price for exports to the United States ($2,859 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 Jamaica (+46.3%), while the prices for the other major destinations experienced more modest paces of growth.
Silicon Imports in Mexico
In 2022, approx. 25K tons of silicon were imported into Mexico; growing by 8.9% compared with 2021. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 23%.
In value terms, silicon imports skyrocketed to $89M in 2022. In general, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silicon in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.3 | 34.9 | 52.4 | 88.4 | 18.4% |
| Others | 0.1 | 0.7 | 0.3 | 1.0 | 115.4% |
| Total | 53.4 | 35.6 | 52.7 | 89.4 | 18.7% |
Top Suppliers of Silicon to Mexico in 2022:
- China (25.0K tons)
Silicon Exports in Mexico
Silicon exports from Mexico dropped rapidly to 2.1 tons in 2022, which is down by -17.7% on the previous year's figure. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 141%.
In value terms, silicon exports fell dramatically to $7.7K in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $11K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Silicon in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 5.2 | 0% |
| Nicaragua | N/A | N/A | N/A | 2.2 | 0% |
| Japan | N/A | N/A | 6.3 | 0.2 | -96.8% |
| Colombia | 5.1 | 2.9 | 1.8 | N/A | -40.6% |
| Costa Rica | 4.5 | 0.7 | 2.1 | N/A | -31.7% |
| Others | N/A | 7.5 | 0.3 | 0.1 | -88.5% |
| Total | 9.6 | 11.2 | 10.6 | 7.7 | -7.1% |
Top Export Markets for Silicon from Mexico in 2022:
- United States (1833.0 kg)
- Nicaragua (269.0 kg)
- Japan (9.0 kg)
This report provides an in-depth analysis of the silicon market in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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
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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
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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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