Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia - 2022

Contents:

  1. Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia (CIF) - 2022
  2. Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia (FOB) - 2022
  3. Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia
  4. Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia

Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia (CIF) - 2022

The average import price for silicon; containing by weight less than 99.99% of silica stood at $4,505 per ton in 2022, rising by 71% against the previous year. Overall, the import price showed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($4,665 per ton), while the price for Hong Kong SAR stood at $3,025 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.1%).

Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia (FOB) - 2022

The average export price for silicon; containing by weight less than 99.99% of silica stood at $5,014 per ton in 2022, rising by 20% against the previous year. Overall, the export price saw a mild increase. The most prominent rate of growth was recorded in 2021 an increase of 76%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($9,642 per ton), while the average price for exports to Ecuador amounted to $4,459 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia

In 2022, imports of silicon; containing by weight less than 99.99% of silica into Colombia contracted notably to 494 tons, shrinking by -25.1% against the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of 659 tons, and then contracted significantly in the following year.

In value terms, imports of silicon; containing by weight less than 99.99% of silica soared to $2.2M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 167%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

Import of Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.90.61.72.030.5%
Hong Kong SARN/AN/AN/A0.10%
Others0.1N/A0.1N/A0.0%
Total1.00.61.72.230.1%

Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to Colombia in 2022:

  1. China (439.2 tons)
  2. Hong Kong SAR (49.0 tons)

Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia

In 2022, shipments abroad of silicon; containing by weight less than 99.99% of silica decreased by -96.3% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 456%. As a result, the exports reached the peak of 30 tons, and then shrank markedly in the following year.

In value terms, exports of silicon; containing by weight less than 99.99% of silica dropped sharply to $5.6K in 2022. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 878% against the previous year. As a result, the exports attained the peak of $125K, and then fell rapidly in the following year.

Export of Silicon; Containing by Weight Less than 99.99% of Silicon in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador4.53.427.34.50.0%
VenezuelaN/AN/AN/A1.20%
Dominican RepublicN/AN/A77.2N/A0%
PeruN/A9.420.8N/A121.3%
OthersN/AN/AN/AN/A0%
Total4.512.81255.67.6%

Top Export Markets for Silicon; Containing by Weight Less than 99.99% of Silicon from Colombia in 2022:

  1. Ecuador (1000.0 kg)
  2. Venezuela (120.0 kg)

Source: IndexBox Market Intelligence Platform

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