United Kingdom - Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicon Price in the UK - 2023
Contents:
- Silicon Price in the UK (CIF) - 2022
- Silicon Price in the UK (FOB) - 2022
- Silicon Imports in the UK
- Silicon Exports in the UK
Silicon Price in the UK (CIF) - 2022
The average silicon import price stood at $3,728 per ton in 2022, growing by 27% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $3,834 per ton in 2012; however, from 2013 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 Norway ($4,651 per ton), while the price for Spain ($2,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Silicon Price in the UK (FOB) - 2022
The average silicon export price stood at $3,473 per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price, however, faced a deep contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 21%. Over the period under review, the average export prices attained the maximum at $16,271 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($7,791 per ton), while the average price for exports to Brazil ($2,053 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 India (+10.2%), while the prices for the other major destinations experienced a decline.
Silicon Imports in the UK
After three years of growth, overseas purchases of silicon decreased by -10.9% to 76K tons in 2022. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year. As a result, imports attained the peak of 85K tons, and then shrank in the following year.
In value terms, silicon imports expanded notably to $284M in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Silicon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 155 | 113 | 80.3 | 111 | -10.5% |
| Spain | 1.1 | 18.3 | 41.5 | 70.9 | 300.9% |
| Norway | 1.0 | 7.5 | 34.1 | 50.4 | 269.4% |
| France | 1.1 | 5.4 | 10.2 | 16.4 | 146.1% |
| China | 14.1 | 1.3 | 20.2 | 6.1 | -24.4% |
| Netherlands | 24.0 | 26.6 | 23.8 | 1.2 | -63.2% |
| Others | 37.5 | 27.8 | 41.0 | 27.3 | -10.0% |
| Total | 234 | 200 | 251 | 284 | 6.7% |
Top Suppliers of Silicon to the UK in 2022:
- Brazil (29.9K tons)
- Spain (27.3K tons)
- Norway (10.8K tons)
- France (4.3K tons)
- China (1.8K tons)
- Netherlands (0.3K tons)
Silicon Exports in the UK
In 2022, shipments abroad of silicon decreased by -13.5% to 2.2K tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 46%. As a result, the exports reached the peak of 3K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, silicon exports shrank slightly to $7.7M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 44%. As a result, the exports attained the peak of $9.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Silicon in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 0.5 | 0.5 | 2.0 | 71.0% |
| India | 0.3 | 0.9 | 2.3 | 1.8 | 81.7% |
| Netherlands | 0.4 | 0.5 | 2.2 | 0.8 | 26.0% |
| Poland | 1.3 | 2.7 | 0.5 | 0.7 | -18.6% |
| Germany | 2.3 | 2.7 | 0.3 | 0.6 | -36.1% |
| Belgium | 0.9 | 1.0 | 0.9 | 0.4 | -23.7% |
| Brazil | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 1.0 | 1.1 | 1.2 | 0.8 | -7.2% |
| Total | 6.6 | 9.5 | 8.0 | 7.7 | 5.3% |
Top Export Markets for Silicon from the UK in 2022:
- India (415.6 tons)
- United States (366.5 tons)
- Poland (320.8 tons)
- Netherlands (240.4 tons)
- Belgium (187.8 tons)
- Germany (170.2 tons)
- Brazil (170.1 tons)
This report provides an in-depth analysis of the silicon market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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