Eastern Asia: Silica Sand Market 2024

Silica Sand Market Size in Eastern Asia

After four years of decline, the East Asian silica sand market increased by 7.3% to $X in 2022. Overall, consumption, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 7.4% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Silica Sand Production in Eastern Asia

In value terms, silica sand production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced descent. The growth pace was the most rapid in 2017 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Silica Sand Exports

Exports in Eastern Asia

In 2022, after four years of growth, there was significant decline in shipments abroad of silica sands (quartz sands or industrial sands), when their volume decreased by -62.8% to X tons. Overall, exports, however, saw a moderate increase. The pace of growth appeared the most rapid in 2016 when exports increased by 92%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then reduced notably in the following year.

In value terms, silica sand exports contracted significantly to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 35% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) was the main exporter of silica sands (quartz sands or industrial sands), creating 55% of total exports. It was distantly followed by South Korea (X tons) and Japan (X tons), together committing a 41% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest silica sand supplying countries in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), together comprising 84% of total exports. Hong Kong SAR lagged somewhat behind, accounting for a further 8.1%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 104% against the previous year. In general, the export price, however, faced a deep reduction. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 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 Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.9%), while the other leaders experienced a decline in the export price figures.

Silica Sand Imports

Imports in Eastern Asia

In 2022, approx. X tons of silica sands (quartz sands or industrial sands) were imported in Eastern Asia; increasing by 9.4% compared with 2021 figures. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, silica sand imports soared to $X in 2022. Overall, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the major importer of silica sands (quartz sands or industrial sands), achieving 64% of total imports. Japan (X tons) held the second position in the ranking, followed by South Korea (X tons). All these countries together took approx. 35% share of total imports.

China was also the fastest-growing in terms of the silica sands (quartz sands or industrial sands) imports, with a CAGR of +37.3% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. Japan (-2.5%) illustrated a downward trend over the same period. China (+58 p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Japan saw its share reduced by -25% and -33.5% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported silica sands (quartz sands or industrial sands) in Eastern Asia, comprising 59% of total imports. The second position in the ranking was taken by Japan ($X), with a 25% share of total imports.

In China, silica sand imports increased at an average annual rate of +8.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-2.7% per year) and South Korea (+0.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by 8.9% against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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