France: Silicone Market 2024

Silicone Market Size in France

The French silicone market surged to $X in 2023, growing by X% against the previous year. Overall, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silicone Production in France

In value terms, silicone production skyrocketed to $X in 2023 estimated in export price. In general, production saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Silicone production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Silicone Exports

Exports from France

In 2023, the amount of silicones (in primary forms) exported from France dropped rapidly to X tons, shrinking by X% on 2022 figures. Overall, exports saw a abrupt downturn. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, silicone exports shrank to $X in 2023. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Germany (X tons) was the main destination for silicone exports from France, with a X% share of total exports. Moreover, silicone exports to Germany exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2021 to 2023, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest markets for silicone exported from France worldwide, together comprising X% of total exports. The UK, Brazil, Belgium, Poland, Norway, Finland, Sweden and Turkey lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicone export price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, export price indicated a significant increase from 2021 to 2023: its price increased at an average annual rate of X% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silicone export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. The export price peaked in 2023 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2021 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into France

In 2023, after two years of growth, there was significant decline in overseas purchases of silicones (in primary forms), when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then shrank dramatically in the following year.

In value terms, silicone imports declined significantly to $X in 2023. In general, total imports indicated a notable expansion 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 with an increase of X%. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of silicone imports to France, together comprising X% of total imports. China, Spain, the UK, Italy and the United States lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest silicone suppliers to France were Germany ($X), the Netherlands ($X) and Belgium ($X), together comprising X% of total imports. The United States, the UK, Italy, Spain and China lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the average silicone import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform