Report Update Nov 1, 2024

Hong Kong SAR, China - Silica Sands (Quartz Sands or Industrial Sands) - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Silica Sand Market 2024

Silica Sand Market Size in Hong Kong SAR, China

After three years of growth, the Hong Kong silica sand market decreased by -24.5% to $X in 2022. Overall, consumption, however, showed buoyant growth. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Silica Sand Exports

Exports from Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in shipments abroad of silica sands (quartz sands or industrial sands), when their volume decreased by -50.3% to X tons. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 724%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, silica sand exports contracted remarkably to $X in 2022. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 238%. The exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

China (X tons) was the main destination for silica sand exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +20.7%.

In value terms, China ($X) also remains the key foreign market for silica sands (quartz sands or industrial sands) exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China amounted to +13.0%.

Export Prices by Country

In 2022, the average silica sand export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 132% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to -2.0% per year.

Silica Sand Imports

Imports into Hong Kong SAR, China

After three years of growth, supplies from abroad of silica sands (quartz sands or industrial sands) decreased by -28.4% to X tons in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 488%. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, silica sand imports dropped notably to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 205% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of silica sand to Hong Kong SAR, with a 95% share of total imports. It was followed by Saudi Arabia (X tons), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (0.0% per year) and Sweden (-50.6% per year).

In value terms, the largest silica sand suppliers to Hong Kong SAR were China ($X), Sweden ($X) and Saudi Arabia ($X), with a combined 93% share of total imports.

Among the main suppliers, China, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, jumping by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+76.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest silica sand consuming country worldwide, accounting for 68% of total volume. Moreover, silica sand consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was occupied by Turkey, with a 1.8% share.

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

China remains the largest silica sand producing country worldwide, comprising approx. 68% of total volume. Moreover, silica sand production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold.

What are the leading suppliers of silica sands (quartz sands or industrial sands) to Hong Kong SAR, China?

In value terms, the largest silica sand suppliers to Hong Kong SAR were China and Sweden.

What are the leading importers of silica sands (quartz sands or industrial sands) from Hong Kong SAR, China?

In value terms, China remains the key foreign market for silica sand exports from Hong Kong SAR.

What is the average export price for silica sands (quartz sands or industrial sands) in Hong Kong SAR, China?

In 2021, the average silica sand export price amounted to $1,434 per ton, with an increase of 3.8% against the previous year.

What is the average import price for silica sands (quartz sands or industrial sands) in Hong Kong SAR, China?

The average silica sand import price stood at $62 per ton in 2021, declining by -44.4% against the previous year.

This report provides an in-depth analysis of the silica sand market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
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