Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia - 2023
Contents:
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia (CIF) - 2022
- Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia (FOB) - 2022
- Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia
- Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia (CIF) - 2022
The average import price for silicon; containing by weight less than 99.99% of silica stood at $4,484 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 80%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($4,871 per ton), while the price for Slovakia ($3,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia (FOB) - 2022
The average export price for silicon; containing by weight less than 99.99% of silica stood at $20,148 per ton in 2022, picking up by 72% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 255% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +34.7% per year.
Imports of Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia
In 2022, imports of silicon; containing by weight less than 99.99% of silica into Latvia fell slightly to 281 tons, waning by -3% on 2021 figures. Overall, imports continue to indicate a deep reduction.
In value terms, imports of silicon; containing by weight less than 99.99% of silica surged to $1.3M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 642 | 592 | 743 | 903 | 12.0% |
| Austria | N/A | N/A | N/A | 262 | 0% |
| Slovakia | 141 | 55.3 | 320 | 73.0 | -19.7% |
| Australia | 56.5 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 3.7 | 5.0 | 21.5 | 148.6% |
| Total | 841 | 651 | 1,068 | 1,259 | 14.4% |
Top Suppliers of Silicon; Containing by Weight Less than 99.99% of Silicon to Latvia in 2022:
- Poland (185.4 tons)
- Austria (71.3 tons)
- Slovakia (23.2 tons)
Exports of Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia
After three years of growth, overseas shipments of silicon; containing by weight less than 99.99% of silica decreased by -80.8% to 2.5 tons in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,188% against the previous year. As a result, the exports reached the peak of 13 tons, and then declined significantly in the following year.
In value terms, exports of silicon; containing by weight less than 99.99% of silica declined dramatically to $51K in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,470%. As a result, the exports attained the peak of $154K, and then declined rapidly in the following year.
| Export of Silicon; Containing by Weight Less than 99.99% of Silicon in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 50.8 | 0% |
| Slovakia | N/A | N/A | 144 | N/A | 0% |
| Lithuania | 0.5 | 2.4 | N/A | N/A | 380.0% |
| Estonia | N/A | 1.0 | 3.4 | N/A | 240.0% |
| Ukraine | N/A | N/A | 5.5 | N/A | 0% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 0.5 | 3.4 | 154 | 50.8 | 366.6% |
Top Export Markets for Silicon; Containing by Weight Less than 99.99% of Silicon from Latvia in 2022:
- Turkey (2.5 tons)
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