Azerbaijan: Silica Sand Market 2024

Silica Sand Market Size in Azerbaijan

For the fifth year in a row, the Azerbaijani silica sand market recorded growth in sales value, which increased by 47% to $X in 2022. In general, consumption posted a strong expansion. Silica sand consumption peaked in 2022 and is expected to retain growth in the near future.

Silica Sand Exports

Exports from Azerbaijan

Silica sand exports from Azerbaijan fell modestly to X tons in 2021, which is down by -2.1% compared with the previous year's figure. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 4.5%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, silica sand exports dropped to $X in 2021. Overall, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.6% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of 20%. Over the period under review, the exports reached the maximum at $X in 2020, and then shrank slightly in the following year.

Exports by Country

Italy (X tons) was the main destination for silica sand exports from Azerbaijan, with a 41% share of total exports. Moreover, silica sand exports to Italy exceeded the volume sent to the second major destination, Turkey (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +944.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-1.5% per year) and Tajikistan (0.0% per year).

In value terms, Italy ($X) emerged as the key foreign market for silica sands (quartz sands or industrial sands) exports from Azerbaijan, comprising 38% of total exports. The second position in the ranking was taken by Turkey ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +42.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+9.1% per year) and Tajikistan (0.0% per year).

Export Prices by Country

The average silica sand export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silica sand export price decreased by -1.5% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 16%. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+169.4%), while the prices for the other major destinations experienced mixed trend patterns.

Silica Sand Imports

Imports into Azerbaijan

In 2022, purchases abroad of silica sands (quartz sands or industrial sands) increased by 27% to X tons, rising for the sixth consecutive year after three years of decline. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 170%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, silica sand imports surged to $X in 2022. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X tons) was the main silica sand supplier to Azerbaijan, with a 94% share of total imports. It was followed by Iran (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (-0.7% per year) and Turkey (-2.0% per year).

In value terms, Russia ($X) constituted the largest supplier of silica sands (quartz sands or industrial sands) to Azerbaijan, comprising 68% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.7% per year) and Iran (+3.6% per year).

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, increasing by 28% against the previous year. Over the period under review, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 44%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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