Thailand - Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicon Price in Thailand - 2023
Contents:
- Silicon Price in Thailand (CIF) - 2023
- Silicon Price in Thailand (FOB) - 2022
- Silicon Imports in Thailand
- Silicon Exports in Thailand
Silicon Price in Thailand (CIF) - 2023
In September 2023, the average silicon import price amounted to $1,866 per ton, standing approximately at the previous month. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 3.2% m-o-m. As a result, import price reached the peak level of $4,224 per ton. From November 2022 to September 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Lao People's Democratic Republic ($2,240 per ton), while the price for China stood at $1,755 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (-2.8%), while the prices for the other major suppliers experienced a decline.
Silicon Price in Thailand (FOB) - 2022
The average silicon export price stood at $5,088 per ton in 2022, rising by 68% against the previous year. Overall, the export price continues to indicate a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($6,151 per ton), while the average price for exports to India ($1,440 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 Canada (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.
Silicon Imports in Thailand
Silicon imports into Thailand expanded modestly to 106K tons in 2022, surging by 3.6% against 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 30%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, silicon imports soared to $358M in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 111% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Silicon in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.8 | 101 | 266 | 179 | 25.9% |
| Australia | 27.7 | 23.4 | 22.9 | 82.5 | 43.9% |
| Brazil | 16.0 | 17.5 | 8.5 | 61.2 | 56.4% |
| Lao People's Democratic Republic | 0.5 | 0.2 | 4.8 | 30.1 | 291.9% |
| Others | 1.4 | 2.9 | 4.2 | 4.6 | 48.7% |
| Total | 135 | 145 | 306 | 358 | 38.4% |
Top Suppliers of Silicon to Thailand in 2022:
- China (40.1K tons)
- Australia (36.5K tons)
- Brazil (23.6K tons)
- Lao People's Democratic Republic (4.5K tons)
Silicon Exports in Thailand
In 2022, approx. 6.3K tons of silicon were exported from Thailand; which is down by -38.7% against 2021 figures. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 264% against the previous year.
In value terms, silicon exports rose to $32M in 2022. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 501% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Silicon in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.1 | 3.7 | 21.0 | 26.0 | 32.8% |
| China | N/A | N/A | 6.0 | 2.9 | -51.7% |
| Netherlands | N/A | N/A | 1.9 | 2.0 | 5.3% |
| United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
| India | N/A | N/A | N/A | 0.4 | 0% |
| Japan | 4.9 | 1.2 | N/A | 0.1 | -72.7% |
| South Korea | N/A | N/A | 0.7 | N/A | 0% |
| Canada | 7.4 | N/A | 0.4 | N/A | -76.8% |
| Others | 0.1 | 0.3 | 1.0 | 0.1 | 0.0% |
| Total | 23.5 | 5.2 | 31.0 | 31.9 | 10.7% |
Top Export Markets for Silicon from Thailand in 2022:
- United States (4224.0 tons)
- China (1015.0 tons)
- Netherlands (624.0 tons)
- India (259.9 tons)
- United Arab Emirates (96.0 tons)
- Japan (20.0 tons)
This report provides an in-depth analysis of the silicon market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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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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