Silicone Market Overview in the Netherlands
In value terms, silicone production expanded markedly to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. From 2014 to 2019, production growth remained at a somewhat lower figure.
The revenue of the silicone market in the Netherlands amounted to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level in 2019 and is likely to continue growth in the near future.