Eastern Europe: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Eastern Europe

For the seventh year in a row, the East European silicon dioxide market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Silicon Dioxide Production in Eastern Europe

In value terms, silicon dioxide production expanded modestly to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Eastern Europe

In 2022, overseas shipments of silicon dioxide increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, silicon dioxide exports soared to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Poland prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Russia (X tons) took the second position in the ranking, followed by Slovakia (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to silicon dioxide exports from Poland stood at X%. At the same time, Slovakia (X%) and Russia (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Slovakia (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Poland ($X) remains the largest silicon dioxide supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

In Poland, silicon dioxide exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Slovakia (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Silicon Dioxide Imports

Imports in Eastern Europe

In 2022, imports of silicon dioxide in Eastern Europe declined to X tons, with a decrease of X% against 2021 figures. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, silicon dioxide imports skyrocketed to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of silicon dioxide imports in 2022 were Poland (X tons), Russia (X tons), the Czech Republic (X tons), Romania (X tons), Slovakia (X tons) and Hungary (X tons), together amounting to X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Czech Republic, Slovakia and Hungary lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Romania ($X per ton) and Russia ($X per ton), while Slovakia ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :