Report Update Apr 1, 2024

Finland - Silica Sands (Quartz Sands or Industrial Sands) - Market Analysis, Forecast, Size, Trends and Insights

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Finland: Silica Sand Market 2024

Silica Sand Market Size in Finland

The Finnish silica sand market reached $X in 2022, surging by 3.8% against the previous year. In general, consumption, however, showed a perceptible slump. Silica sand consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Silica Sand Production in Finland

In value terms, silica sand production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2013 with an increase of 25%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Silica Sand Exports

Exports from Finland

In 2022, the amount of silica sands (quartz sands or industrial sands) exported from Finland fell markedly to X tons, dropping by -33.7% on the previous year. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 828%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, silica sand exports surged to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 178%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for silica sand exports from Finland, accounting for a 50% share of total exports. Moreover, silica sand exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Russia (X tons), twofold. The third position in this ranking was held by Latvia (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) amounted to +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+47.7% per year) and Latvia (+9.2% per year).

In value terms, the largest markets for silica sand exported from Finland were Taiwan (Chinese) ($X), Russia ($X) and Estonia ($X), together accounting for 89% of total exports.

Russia, with a CAGR of +52.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average silica sand export price amounted to $X per ton, rising by 141% against the previous year. Overall, the export price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2013 an increase of 348%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Silica Sand Imports

Imports into Finland

Silica sand imports into Finland soared to X tons in 2022, jumping by 41% against 2021. Over the period under review, imports, however, showed a noticeable setback. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, silica sand imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.3% against 2020 indices. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest silica sand supplier to Finland, accounting for a 79% share of total imports. Moreover, silica sand imports from Belgium exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to -3.9%.

In value terms, the largest silica sand suppliers to Finland were Belgium ($X) and Sweden ($X).

Among the main suppliers, Sweden, with a CAGR of +7.1%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, with an increase of 21% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 52%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silica sands (quartz sands or industrial sands) in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and Italy, together accounting for 56% of global consumption. India, France, Turkey, Canada, Germany, Qatar, Russia, the UK, Australia and Poland lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of silica sands (quartz sands or industrial sands) in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Italy, with a combined 56% share of global production. India, France, Germany, Turkey, Qatar, Russia, the UK, Poland and Australia lagged somewhat behind, together accounting for a further 23%.

What are the leading suppliers of silica sands (quartz sands or industrial sands) to Finland?

In value terms, the largest silica sand suppliers to Finland were Belgium and Sweden.

What are the leading importers of silica sands (quartz sands or industrial sands) from Finland?

In value terms, the largest markets for silica sand exported from Finland were Taiwan Chinese), Russia and Estonia, with a combined 89% share of total exports.

What is the average export price for silica sands (quartz sands or industrial sands) in Finland?

In 2022, the average silica sand export price amounted to $254 per ton, increasing by 141% against the previous year.

What is the average import price for silica sands (quartz sands or industrial sands) in Finland?

In 2022, the average silica sand import price amounted to $149 per ton, picking up by 21% against the previous year.

This report provides an in-depth analysis of the silica sand market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08121150 - Silica sands (quartz sands or industrial sands)

Country coverage:

Finland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Finland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023