Feb 10, 2025
United Kingdom Silicone Exports
Silicone exports from the UK declined modestly to 93K tons in 2024, with a decrease of -3.3% compared with 2023 figures. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 176K tons. From 2016 to 2024, the growth of the exports remained at a lower figure.
In value terms, silicone exports fell to $386M (IndexBox estimates) in 2024. In general, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2022 with an increase of 37%. As a result, the exports reached the peak of $588M. From 2023 to 2024, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Belgium (56K tons) was the main destination for silicone exports from the UK, with a 58% share of total exports. Moreover, silicone exports to Belgium exceeded the volume sent to the second major destination, Germany (11K tons), fivefold. the Netherlands (10K tons) ranked third in terms of total exports with an 11% share.
From 2014 to 2023, the average annual growth rate of volume to Belgium stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.2% per year) and the Netherlands (+3.3% per year).
In value terms, Belgium ($182M) remains the key foreign market for silicones (in primary forms) exports from the UK, comprising 43% of total exports. The second position in the ranking was held by Germany ($46M), with an 11% share of total exports. It was followed by the Netherlands, with a 9.7% share.
From 2014 to 2023, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.5% per year) and the Netherlands (+7.9% per year).
Export Prices by Country
In 2024, the silicone price amounted to $4,411 per ton (FOB, United Kingdom), declining by -22.6% against the previous year. Over the period under review, the export price, however, showed a moderate increase. The pace of growth was the most pronounced in 2022 an increase of 55%. As a result, the export price attained the peak level of $5,700 per ton, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($13,611 per ton), while the average price for exports to Belgium ($3,267 per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the silicone market in the UK. 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 20165700 – Silicones, in primary formsCountry coverage:Data coverage:Market volume and valuePer Capita consumptionForecast of the market dynamics in the medium termTrade (exports and imports) in the UKExport and import pricesMarket trends, drivers and restraintsKey market players and their profilesReasons to buy this report:Take advantage of the latest dataFind deeper insights into current market developmentsDiscover 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 opportunitiesHow to load your idle production capacityHow to boost your sales on overseas marketsHow to increase your profit marginsHow to make your supply chain more sustainableHow to reduce your production and supply chain costsHow to outsource production to other countriesHow 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.
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
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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
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
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TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
BEST-SELLING PRODUCTS
MOST CONSUMED PRODUCT
MOST TRADED PRODUCT
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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TOP COUNTRIES TO SOURCE YOUR PRODUCT
TOP PRODUCING COUNTRIES
TOP EXPORTING COUNTRIES
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
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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 2012–2024
IMPORTS BY COUNTRY
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
EXPORTS FROM 2012–2024
EXPORTS BY COUNTRY
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
Key Findings In 2024
Market Volume, In Physical Terms, 2012–2024
Market Value, 2012–2024
Per Capita Consumption In 2012-2024
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country Of Origin, 2012–2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
Market Volume, In Physical Terms, 2012–2024
Market Value, 2012–2024
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
Trade Balance, In Physical Terms, 2012-2024
Trade Balance, In Value Terms, 2012-2024
Per Capita Consumption, 2012-2024
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, 2012–2024
Production, In Value Terms, 2012–2024
Imports, In Physical Terms, 2012–2024
Imports, In Value Terms, 2012–2024
Imports, In Physical Terms, By Country, 2024
Imports, In Physical Terms, By Country, 2012–2024
Imports, In Value Terms, By Country, 2012–2024
Import Prices, By Country Of Origin, 2012–2024
Exports, In Physical Terms, 2012–2024
Exports, In Value Terms, 2012–2024
Exports, In Physical Terms, By Country, 2024
Exports, In Physical Terms, By Country, 2012–2024
Exports, In Value Terms, By Country, 2012–2024
Export Prices, By Country Of Destination, 2012–2024