Eastern Europe: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Eastern Europe

For the fourth consecutive year, the East European silicon dioxide market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a tangible increase 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in the immediate term.

Silicon Dioxide Production in Eastern Europe

In value terms, silicon dioxide production expanded modestly to $X in 2023 estimated in export price. The total production indicated perceptible 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Silicon Dioxide Exports

Exports in Eastern Europe

After two years of growth, overseas shipments of silicon dioxide decreased by X% to X tons in 2023. Over the period under review, exports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, silicon dioxide exports shrank modestly to $X in 2023. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

Poland represented the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Russia (X tons), constituting an X% share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Russia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Poland amounted to X%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price saw a strong expansion. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see gradual 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 Russia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%).

Silicon Dioxide Imports

Imports in Eastern Europe

Silicon dioxide imports contracted to X tons in 2023, with a decrease of X% on the previous year's figure. Total imports indicated resilient growth 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. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, silicon dioxide imports declined slightly to $X in 2023. Total imports indicated buoyant growth from 2012 to 2023: its value 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. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2023, Poland (X tons), distantly followed by Russia (X tons), the Czech Republic (X tons), Romania (X tons), Slovakia (X tons) and Hungary (X tons) were the major importers of silicon dioxide, together comprising X% of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main 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 ($X), the Czech Republic ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Russia, Slovakia, Hungary and Bulgaria lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Europe stood at $X per ton in 2023, leveling off at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Hungary ($X per ton) and Romania ($X per ton), while Bulgaria ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform