Estonia: Silica Sand Market 2024

Silica Sand Market Size in Estonia

The Estonian silica sand market reached $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.1% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Silica Sand Production in Estonia

In value terms, silica sand production fell modestly to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 182%. Silica sand production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Silica Sand Exports

Exports from Estonia

Silica sand exports from Estonia reduced rapidly to X tons in 2022, declining by -93.9% against the previous year. Over the period under review, exports showed a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 992% against the previous year. The exports peaked 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 notably to $X in 2022. In general, exports recorded a dramatic contraction. The pace of growth was the most pronounced in 2020 with an increase of 1,953% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for silica sand exports from Estonia, with a 89% share of total exports. Moreover, silica sand exports to Russia exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-22.4% per year) and Latvia (-57.8% per year).

In value terms, Russia ($X) remains the key foreign market for silica sands (quartz sands or industrial sands) exports from Estonia, comprising 84% of total exports. The second position in the ranking was taken by Finland ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-21.6% per year) and Latvia (-56.2% per year).

Export Prices by Country

The average silica sand export price stood at $X per ton in 2022, rising by 88% against the previous year. Overall, the export price showed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Finland ($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 Latvia (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Silica Sand Imports

Imports into Estonia

In 2022, purchases abroad of silica sands (quartz sands or industrial sands) decreased by -3.1% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, silica sand imports reached $X in 2022. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 15% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X tons) constituted the largest supplier of silica sand to Estonia, with a 64% share of total imports. Moreover, silica sand imports from Latvia exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Latvia stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+22.8% per year) and the Netherlands (+40.5% per year).

In value terms, Latvia ($X) constituted the largest supplier of silica sands (quartz sands or industrial sands) to Estonia, comprising 41% of total imports. The second position in the ranking was held by Poland ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.5% per year) and the Netherlands (+16.4% per year).

Import Prices by Country

In 2022, the average silica sand import price amounted to $X per ton, growing by 19% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+22.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform