Eastern Asia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Eastern Asia

For the fifth consecutive year, the East Asian silicon dioxide market recorded decline in sales value, which decreased by X% to $X in 2023. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Silicon Dioxide Production in Eastern Asia

In value terms, silicon dioxide production reduced to $X in 2023 estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Eastern Asia

In 2023, approx. X tons of silicon dioxide were exported in Eastern Asia; growing by X% against 2022 figures. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2023 and is likely to see gradual growth in years to come.

In value terms, silicon dioxide exports contracted to $X in 2023. Total exports indicated notable 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then contracted in the following year.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X tons), committing a X% share of total exports. The following exporters - South Korea (X tons) and Japan (X tons) - each finished at a X% share of total exports.

China was also the fastest-growing in terms of the silicon dioxide exports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) and Japan experienced a relatively flat trend pattern. South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan, South Korea and Taiwan (Chinese) saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest silicon dioxide supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices remained at a lower figure.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Silicon Dioxide Imports

Imports in Eastern Asia

In 2023, approx. X tons of silicon dioxide were imported in Eastern Asia; with a decrease of X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, silicon dioxide imports shrank to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Japan (X tons), distantly followed by South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) represented the largest importers of silicon dioxide, together committing X% of total imports. Hong Kong SAR (X tons) took a minor share of total imports.

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

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, recorded 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

The import price in Eastern Asia stood at $X per ton in 2023, remaining constant against the previous year. In general, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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 China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform