Southern Asia: Silica Sand Market 2024

Silica Sand Market Size in Southern Asia

The South Asian silica sand market declined modestly to $X in 2022, falling by -3.4% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then dropped slightly in the following year.

Silica Sand Production in Southern Asia

In value terms, silica sand production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 16% against the previous year. The level of production peaked at $X in 2021, and then contracted in the following year.

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Silica Sand Exports

Exports in Southern Asia

In 2022, overseas shipments of silica sands (quartz sands or industrial sands) decreased by -0.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 514% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, silica sand exports soared to $X in 2022. Overall, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 287%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Pakistan prevails in exports structure, finishing at X tons, which was near 89% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), mixing up an 8.7% share of total exports.

Pakistan was also the fastest-growing in terms of the silica sands (quartz sands or industrial sands) exports, with a CAGR of +8.1% from 2012 to 2022. At the same time, Sri Lanka (+5.3%) displayed positive paces of growth. While the share of Pakistan (+22 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) remains the largest silica sand supplier in Southern Asia, comprising 66% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 32% share of total exports.

In Pakistan, silica sand exports increased at an average annual rate of +9.9% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 69% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.4%).

Silica Sand Imports

Imports in Southern Asia

In 2022, approx. X tons of silica sands (quartz sands or industrial sands) were imported in Southern Asia; growing by 88% compared with the previous year. Overall, imports enjoyed a notable increase. The growth pace was the most rapid in 2017 with an increase of 132% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, silica sand imports amounted to $X in 2022. In general, imports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 with an increase of 83% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India prevails in imports structure, finishing at X tons, which was approx. 86% of total imports in 2022. It was distantly followed by Bangladesh (X tons), achieving a 7.1% share of total imports. Bhutan (X tons) took a minor share of total imports.

Imports into India increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, Bangladesh (+7.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +7.6% from 2012-2022. By contrast, Bhutan (-10.0%) illustrated a downward trend over the same period. India (+14 p.p.) and Bangladesh (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Bhutan saw its share reduced by -15.1% from 2012 to 2022, respectively.

In value terms, India ($X) constitutes the largest market for imported silica sands (quartz sands or industrial sands) in Southern Asia, comprising 72% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled -3.6%. In the other countries, the average annual rates were as follows: Bangladesh (+12.5% per year) and Bhutan (+5.7% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, which is down by -42.1% against the previous year. In general, the import price showed a deep setback. The pace of growth was the most pronounced in 2018 when the import price increased by 62% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+17.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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