Europe: Silicon Market 2024

Silicon Market Size in Europe

After two years of growth, the Europe silicon market decreased by X% to $X in 2023. Overall, consumption saw a noticeable reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Silicon Production in Europe

In value terms, silicon production rose to $X in 2023 estimated in export price. Overall, production continues to indicate a slight setback. 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 reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Silicon Exports

Exports in Europe

In 2023, after four years of growth, there was significant decline in overseas shipments of silicon, when their volume decreased by X% to X tons. Total exports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then contracted rapidly in the following year.

In value terms, silicon exports contracted sharply to $X in 2023. Overall, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then fell rapidly in the following year.

Exports by Country

In 2023, Norway (X tons) represented the major exporter of silicon, creating X% of total exports. It was distantly followed by the Netherlands (X tons), Germany (X tons) and France (X tons), together creating a X% share of total exports. Iceland (X tons), Spain (X tons) and Bosnia and Herzegovina (X tons) took a minor share of total exports.

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

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

From 2012 to 2023, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Norway (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price saw a pronounced slump. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. 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 ($X per ton), while Iceland ($X per ton) was amongst the lowest.

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

Silicon Imports

Imports in Europe

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. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then declined notably in the following year.

In value terms, silicon imports declined remarkably to $X in 2023. Total imports indicated slight growth from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Germany was the key importing country with an import of around X tons, which recorded X% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with a X% share, followed by Italy (X%) and the UK (X%). The following importers - France (X tons), Poland (X tons), Norway (X tons), Belgium (X tons), Spain (X tons), Russia (X tons), Sweden (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

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

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

In Germany, silicon imports expanded 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 the UK (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank 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 the UK ($X per ton), while Belgium ($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