In 2023, the United States led the global import of silicon carbide with a value share of 15.58%, followed closely by Japan and Germany with 15.06% and 11.6%, respectively. Notable year-on-year variations include an increase in imports by India (2.76%) and Mexico (2.53%), while significant declines were observed in Belgium (-2.46%) and United Kingdom (-3.92%). The last 5 years have seen countries like Canada (6.69% CAGR), and Slovakia (11.09% CAGR) registering strong annual growth, contrasting with downturns in Switzerland (-5.39% CAGR) and Chile (-22.49% CAGR).
Future trends to watch include potential growth in emerging markets such as Kazakhstan and Costa Rica, along with geopolitical shifts that could influence trade patterns. Special attention should be given to regions with substantial infrastructure projects which might catalyze an increase in silicon carbide imports.
Top countries in Import of Silicon Carbide Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 15.58 | 2023 | +1.17% | -0.67% | View data |
| 2 | 2 Japan | 15.06 | 2023 | +0.92% | -0.68% | View data |
| 3 | 3 Germany | 11.6 | 2023 | -0.27% | -1.8% | View data |
| 4 | 4 South Korea | 6.34 | 2023 | +0.38% | -0.027% | View data |
| 5 | 5 India | 6.24 | 2023 | +3.8% | +2.76% | View data |
| 6 | 6 Sweden | 4.63 | 2023 | +1.15% | +0.95% | View data |
| 7 | 7 Hungary | 4.34 | 2023 | +1.26% | +2.21% | View data |
| 8 | 8 Poland | 4.22 | 2023 | +1.07% | -0.62% | View data |
| 9 | 9 Mexico | 3.77 | 2023 | +3.78% | +2.53% | View data |
| 10 | 10 France | 3.53 | 2023 | +0.051% | -0.26% | View data |
