Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Estonia - 2023

Contents:

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

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

In 2022, the average import price for silicon; containing by weight less than 99.99% of silica amounted to $31,395 per ton, picking up by 17% against the previous year. Overall, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($34,925 per ton), while the price for Lithuania stood at $16,320 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+94.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2021, the average export price for silicon; containing by weight less than 99.99% of silica amounted to $3,943 per ton, approximately mirroring the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 a decrease of -18.8%. Over the period under review, the average export prices reached the peak figure at $23,925 per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Latvia.

From 2012 to 2021, the rate of growth in terms of prices for Latvia amounted to +3.3% per year.

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

In 2022, approx. 185 kg of silicon; containing by weight less than 99.99% of silica were imported into Estonia; growing by 27% compared with 2021. Overall, imports, however, showed a deep contraction.

In value terms, imports of silicon; containing by weight less than 99.99% of silica soared to $5.8K in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Silicon; Containing by Weight Less than 99.99% of Silicon in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelgiumN/AN/A3.54.734.3%
LithuaniaN/AN/A0.40.8100.0%
Kazakhstan0.7N/AN/AN/A0%
Others0.1N/AN/A0.344.2%
Total0.8N/A3.95.893.5%

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

  1. Belgium (134.0 kg)
  2. Lithuania (50.0 kg)

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

In 2021, the amount of silicon; containing by weight less than 99.99% of silica exported from Estonia stood at 1 tons, therefore, remained relatively stable against 2020. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of silicon; containing by weight less than 99.99% of silica stood at $4K in 2021. Over the period under review, exports posted a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in years to come.

Export of Silicon; Containing by Weight Less than 99.99% of Silicon in Estonia (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
Latvia0.9N/A4.0110.8%
OthersN/AN/AN/A0%
Total0.9N/A4.0110.8%

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

  1. Latvia (1.0 tons)

Source: IndexBox Market Intelligence Platform

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