Brief Analysis of Silicone Export Data in October 2024 [SMM Analysis]

In October 2024, China's export volume of silicone primary form polysiloxane was 43,000 mt, up 0.55% MoM and up 23.56% YoY. From January to October 2024, the cumulative export volume was 453,700 mt, up 333.87% YoY. Among these, the largest trade volume in October was directed to South Korea, amounting to 8,000 mt, maintaining the top.

By specific export trade partners, South Korea remained the top export destination in October, although the export volume slightly decreased, with October exports to South Korea down 600 mt. The top 5 export destinations in October were South Korea, India, Russia, the US, and Turkey, accounting for 50.64% of the total. Compared to September, the export concentration decreased, with the export volume totaling 21,800 mt.

Compared to September, exports to South Korea decreased by 7.11% MoM to 8,000 mt, accounting for 18.67% of the total export volume. Exports to India increased by 3.57% MoM to 5,800 mt, accounting for 13.57% of the total. Exports to Russia were 3,100 mt, accounting for 7.17% of the total, ranking third. Exports to the US were 2,700 mt, accounting for 6.35% of the total, down 15.63% MoM. Exports to Turkey were 2,100 mt, accounting for 4.89% of the total, up 2.43% MoM.