Australia: Silicon Market 2024

Silicon Market Size in Australia

In 2023, the Australian silicon market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption recorded a temperate expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Silicon Production in Australia

In value terms, silicon production reached $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Silicon production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

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Silicon Exports

Exports from Australia

In 2023, the amount of silicon exported from Australia declined remarkably to X tons, reducing by X% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, silicon exports reduced sharply to $X in 2023. Over the period under review, exports, however, showed a slight increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Japan (X tons), Thailand (X tons) and the United States (X tons) were the main destinations of silicon exports from Australia, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and the United States ($X) appeared to be the largest markets for silicon exported from Australia worldwide, together comprising X% of total exports.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average silicon export price amounted to $X per ton, waning by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silicon export price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then contracted modestly in the following year.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and the United States ($X per ton), while the average price for exports to the UK ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Imports

Imports into Australia

In 2023, overseas purchases of silicon decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, silicon imports reduced remarkably to $X in 2023. In general, imports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2023, China (X tons) was the main silicon supplier to Australia, accounting for a X% share of total imports. Moreover, silicon imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the UK (X% per year).

In value terms, Japan ($X) constituted the largest supplier of silicon to Australia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

Import Prices by Country

The average silicon import price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform