EU: Silicon Market 2024

Silicon Market Size in the EU

In 2023, after two years of growth, there was significant decline in the EU silicon market, when its value decreased by X% to $X. Over the period under review, consumption showed a mild slump. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Silicon Production in the EU

In value terms, silicon production totaled $X in 2023 estimated in export price. Over the period under review, production saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

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Silicon Exports

Exports in the EU

In 2023, after two years of growth, there was significant decline in shipments abroad of silicon, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then declined sharply in the following year.

In value terms, silicon exports declined rapidly to $X in 2023. Overall, exports, however, posted modest growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped markedly in the following year.

Exports by Country

The Netherlands represented the main exporting country with an export of about X tons, which accounted for X% of total exports. Germany (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by France (X%). Spain (X tons), Sweden (X tons) and Croatia (X tons) took a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Croatia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest silicon supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

In Germany, silicon exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a noticeable descent. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Silicon Imports

Imports in the EU

In 2023, after three years of growth, there was significant decline in overseas purchases of silicon, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then reduced markedly in the following year.

In value terms, silicon imports shrank remarkably to $X in 2023. Over the period under review, imports, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2023, Germany (X tons) was the key importer of silicon, comprising X% of total imports. It was distantly followed by the Netherlands (X tons), Italy (X tons), France (X tons) and Poland (X tons), together generating a X% share of total imports. The following importers - Belgium (X tons) and Spain (X tons) - each resulted at an X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported silicon in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In Germany, silicon imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform