India: Silica Sand Market 2024

Silica Sand Market Size in India

The Indian silica sand market contracted to $X in 2022, waning by -4.2% against the previous year. In general, consumption, however, continues to indicate a slight reduction. Silica sand consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Silica Sand Production in India

In value terms, silica sand production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Silica Sand Exports

Exports from India

In 2022, the amount of silica sands (quartz sands or industrial sands) exported from India contracted dramatically to X tons, with a decrease of -36.2% compared with 2021. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 103%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, silica sand exports contracted rapidly to $X in 2022. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for silica sand exports from India, accounting for a 74% share of total exports. Moreover, silica sand exports to Qatar exceeded the volume sent to the second major destination, Nepal (X tons), sevenfold. Bangladesh (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (-2.9% per year) and Bangladesh (-1.2% per year).

In value terms, Qatar ($X) emerged as the key foreign market for silica sands (quartz sands or industrial sands) exports from India, comprising 48% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 21% share of total exports. It was followed by Nepal, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+14.3% per year) and Nepal (-1.4% per year).

Export Prices by Country

The average silica sand export price stood at $X per ton in 2022, dropping by -18.1% against the previous year. Overall, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Bangladesh (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Silica Sand Imports

Imports into India

In 2022, silica sand imports into India soared to X tons, rising by 116% on 2021. Overall, imports posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 160% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, silica sand imports expanded markedly to $X in 2022. In general, imports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2014 with an increase of 112% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), Belgium (X tons) and Malaysia (X tons) were the main suppliers of silica sand imports to India, together accounting for 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +103.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Belgium ($X) and Saudi Arabia ($X) were the largest silica sand suppliers to India, together comprising 84% of total imports.

Malaysia, with a CAGR of +78.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, dropping by -48.4% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 95% against the previous year. The import price peaked 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 Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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