U.S. - Silicon - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilicon Price in the United States - 2023
Contents:
- Silicon Price in the United States (FOB) - 2022
- Silicon Price in the United States (CIF) - 2023
- Silicon Exports in the United States
- Silicon Imports in the United States
Silicon Price in the United States (FOB) - 2022
The average silicon export price stood at $34,224 per ton in 2022, with an increase of 58% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices attained the maximum at $36,035 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
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 Japan ($44,025 per ton), while the average price for exports to Canada ($3,773 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silicon Price in the United States (CIF) - 2023
The average silicon import price stood at $4,259 per ton in September 2023, which is down by -10.8% against the previous month. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 8% against the previous month. The import price peaked at $8,502 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($4,029 per ton), while the price for Lao People's Democratic Republic ($2,394 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (0.0%), while the prices for the other major suppliers experienced a decline.
Silicon Exports in the United States
In 2022, silicon exports from the United States shrank to 48K tons, waning by -9.8% against the previous year's figure. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 73% against the previous year. As a result, the exports reached the peak of 53K tons, and then dropped in the following year.
In value terms, silicon exports soared to $1.6B in 2022. In general, exports, however, recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicon in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 358 | 366 | 463 | 492 | 11.2% |
| Vietnam | 51.2 | 45.6 | 115 | 476 | 110.3% |
| Germany | 95.0 | 171 | 133 | 163 | 19.7% |
| China | 53.7 | 63.1 | 93.9 | 112 | 27.8% |
| Malaysia | 28.2 | 25.1 | 67.1 | 108 | 56.5% |
| Taiwan (Chinese) | 43.6 | 14.6 | 69.8 | 104 | 33.6% |
| Singapore | 1.0 | 19.0 | 33.3 | 55.3 | 281.0% |
| South Korea | 146 | 91.9 | 114 | 33.4 | -38.8% |
| Others | 29.9 | 28.2 | 56.5 | 86.5 | 42.5% |
| Total | 807 | 825 | 1,145 | 1,630 | 26.4% |
Top Export Markets for Silicon from the United States in 2022:
- Vietnam (13.0K tons)
- Japan (11.2K tons)
- Germany (5.4K tons)
- Taiwan (Chinese) (4.7K tons)
- China (3.4K tons)
- Malaysia (2.5K tons)
- Singapore (2.0K tons)
- South Korea (0.9K tons)
Silicon Imports in the United States
Silicon imports into the United States surged to 224K tons in 2022, rising by 73% on the year before. In general, imports enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silicon imports surged to $902M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Silicon in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 136 | 112 | 163 | 358 | 38.1% |
| Canada | 78.0 | 50.3 | 65.5 | 181 | 32.4% |
| Norway | 41.8 | 40.8 | 32.2 | 82.4 | 25.4% |
| Malaysia | 6.6 | 16.4 | 2.4 | 47.2 | 92.7% |
| Thailand | 14.3 | 3.1 | 16.7 | 30.6 | 28.9% |
| Australia | 17.2 | 15.0 | 16.2 | 18.9 | 3.2% |
| Bosnia and Herzegovina | 20.1 | 14.0 | N/A | N/A | -30.3% |
| Others | 153 | 93.8 | 128 | 184 | 6.3% |
| Total | 467 | 345 | 423 | 902 | 24.5% |
Top Suppliers of Silicon to the United States in 2022:
- Brazil (81.5K tons)
- Canada (73.1K tons)
- Norway (37.1K tons)
- Malaysia (8.6K tons)
- Thailand (7.7K tons)
- Australia (4.5K tons)
This report provides an in-depth analysis of the silicon market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132150 - Silicon
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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