Denmark: Silica Sand Market 2024

Silica Sand Market Size in Denmark

The Danish silica sand market contracted slightly to $X in 2022, shrinking by -1.5% against the previous year. In general, consumption posted a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then declined slightly in the following year.

Silica Sand Production in Denmark

In value terms, silica sand production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 35%. As a result, production attained the peak level of $X, and then declined in the following year.

Silica Sand Exports

Exports from Denmark

In 2022, exports of silica sands (quartz sands or industrial sands) from Denmark fell to X tons, reducing by -9.1% on the previous year. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silica sand exports shrank remarkably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Sweden (X tons) was the main destination for silica sand exports from Denmark, with a 71% share of total exports. Moreover, silica sand exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), fivefold. Norway (X tons) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.1% per year) and Norway (-7.6% per year).

In value terms, the largest markets for silica sand exported from Denmark were Sweden ($X), Germany ($X) and Norway ($X), together accounting for 77% of total exports. These countries were followed by the UK, which accounted for a further 7.5%.

In terms of the main countries of destination, the UK, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average silica sand export price stood at $X per ton in 2022, shrinking by -14.8% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silica sand export price increased by +33.3% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 56%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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 Norway ($X per ton), while the average price for exports to Sweden ($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 Norway (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Silica Sand Imports

Imports into Denmark

Silica sand imports into Denmark surged to X tons in 2022, picking up by 19% compared with 2021. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 371% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, silica sand imports rose rapidly to $X in 2022. Overall, imports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 76%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X tons) was the main supplier of silica sand to Denmark, accounting for a 96% share of total imports. It was followed by the Netherlands (X tons), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Sweden totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+30.2% per year) and Germany (-27.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of silica sands (quartz sands or industrial sands) to Denmark, comprising 72% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 8.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+32.3% per year) and Germany (-20.6% per year).

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, which is down by -7.6% against the previous year. In general, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2016 an increase of 1,298%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :