Silicon Dioxide Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Silicon Dioxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Silicon Dioxide Price Trend for First Half of 2023

Asia

In the Asia-Pacific region, the first quarter witnessed a surge in Silicon dioxide prices due to consistent demand and increased sales in the pharmaceutical sector. Additionally, factors such as the spring festival and geopolitical tensions between Russia and Ukraine contributed positively to the price trend. However, the second quarter saw a sharp decline as economic indicators signaled reduced purchasing activities. Manufacturing industries contracted, leading to a downturn in Silicon dioxide prices.

Silicon Dioxide Price Chart

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Europe

In Europe, the first quarter of 2023 saw a steep increase in Silicon dioxide prices, driven by high input costs and rising inflation rates. In contrast, the second quarter experienced a decline in prices due to reduced demand in the consumer sector.

In addition to this, the central bank had to raise its interest rates in order to keep the economy afloat, but this had an adverse effect on the consumer sector. Further, the influx of cheap imports and rising levels of inventories also pushed the price trend of silicon dioxide in the negative direction.

North America

The rising raw material costs and strong domestic demand led to an upturn in Silicon dioxide prices in the first quarter. However, the second quarter failed to maintain this positive momentum, resulting in a decline in prices. Both domestic and international industries experienced a downturn in supply and demand, influenced by global economic challenges affecting energy costs and oil prices, further contributing to the decline in the Silicon dioxide price trend.

Analyst Insight

According to Procurement Resource, the price trend of Silicon dioxide will trace a declining trajectory as the demand from the end-user sectors and the performance of the feedstock materials seems weak.

Procurement Resource provides latest prices of Silicon Dioxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.