ASEAN: Silica Sand Market 2024

Silica Sand Market Size in ASEAN

The ASEAN silica sand market fell to $X in 2022, reducing by -7.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Silica Sand Production in ASEAN

In value terms, silica sand production declined modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 with an increase of 35%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Silica Sand Exports

Exports in ASEAN

After two years of growth, overseas shipments of silica sands (quartz sands or industrial sands) decreased by -11.5% to X tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, silica sand exports shrank to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 31%. The level of export peaked at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Malaysia represented the major exporter of silica sands (quartz sands or industrial sands) in ASEAN, with the volume of exports finishing at X tons, which was near 69% of total exports in 2022. It was distantly followed by Cambodia (X tons) and Vietnam (X tons), together making up a 31% share of total exports.

Exports from Malaysia decreased at an average annual rate of -1.1% from 2012 to 2022. At the same time, Cambodia (+17.1%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +17.1% from 2012-2022. By contrast, Vietnam (-14.2%) illustrated a downward trend over the same period. Cambodia (+20 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -19% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silica sand supplying countries in ASEAN were Malaysia ($X), Cambodia ($X) and Vietnam ($X), together accounting for 100% of total exports.

Cambodia, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by 7.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 72%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+6.9%), while the other leaders experienced more modest paces of growth.

Silica Sand Imports

Imports in ASEAN

Silica sand imports contracted rapidly to X tons in 2022, waning by -19.9% against the year before. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, silica sand imports soared to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Singapore (X tons) was the major importer of silica sands (quartz sands or industrial sands), making up 58% of total imports. The Philippines (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (15%). The following importers - Brunei Darussalam (X tons) and Malaysia (X tons) - together made up 6.8% of total imports.

From 2012 to 2022, average annual rates of growth with regard to silica sand imports into Singapore stood at -11.5%. At the same time, Brunei Darussalam (+73.5%), the Philippines (+37.0%), Malaysia (+17.9%) and Thailand (+17.6%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +73.5% from 2012-2022. The Philippines (+16 p.p.), Thailand (+14 p.p.), Brunei Darussalam (+4 p.p.) and Malaysia (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -38.2% from 2012 to 2022, respectively.

In value terms, the largest silica sand importing markets in ASEAN were Thailand ($X), Singapore ($X) and the Philippines ($X), together accounting for 76% of total imports. Malaysia and Brunei Darussalam lagged somewhat behind, together accounting for a further 8.2%.

Brunei Darussalam, with a CAGR of +27.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, surging by 46% against the previous year. Over the period under review, the import price saw a resilient expansion. The pace of growth appeared the most rapid in 2019 when the import price increased by 88%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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