In 2023, China led the global silicone export market, showing a 4.34% growth year-on-year. Significant contributions also came from the United Kingdom and the United States with 1.67% and 0.77% growth respectively. Despite a contraction in the Japanese and Malaysian markets, countries like Saudi Arabia and Pakistan exhibited impressive growth rates of 9.54% and 11.63%, respectively. Emerging markets like Paraguay and Brunei saw exponential increases, indicating their growing participation in silicone exports.
Looking ahead, anticipate growth in export volume driven by demand in applications such as electronics and healthcare. Developing economies may further increase their market share, propelled by technological advancements and manufacturing capabilities.
Top countries in Export of Silicones by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 326,210,000 | 2023 | +4.93% | +4.34% | View data |
| 2 | 2 United Kingdom | 183,340,000 | 2023 | +1.42% | +1.67% | View data |
| 3 | 3 United States | 160,710,000 | 2023 | +0.29% | +0.77% | View data |
| 4 | 4 Belgium | 110,700,000 | 2023 | +1.08% | +1.14% | View data |
| 5 | 5 Japan | 86,971,000 | 2023 | -0.43% | -3.12% | View data |
| 6 | 6 Thailand | 80,377,000 | 2023 | +2.72% | +2.65% | View data |
| 7 | 7 South Korea | 48,911,000 | 2023 | +1.39% | +1.11% | View data |
| 8 | 8 India | 28,703,000 | 2023 | +4.02% | +4.7% | View data |
| 9 | 9 Netherlands | 24,896,000 | 2023 | -6.05% | -4.92% | View data |
| 10 | 10 Spain | 19,212,000 | 2023 | +2.93% | +2.9% | View data |
