Iran: Silica Sand Market 2024

Silica Sand Market Size in Iran

The Iranian silica sand market was estimated at $X in 2022, flattening at the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Silica Sand Production in Iran

In value terms, silica sand production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Silica sand production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Silica Sand Exports

Exports from Iran

Silica sand exports from Iran totaled X tons in 2022, leveling off at 2021. Overall, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 1,416%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, silica sand exports reached $X in 2022. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Armenia (X tons) was the main destination for silica sand exports from Iran, accounting for a 65% share of total exports. Moreover, silica sand exports to Armenia exceeded the volume sent to the second major destination, Azerbaijan (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Armenia amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-5.6% per year) and Uzbekistan (+50.0% per year).

In value terms, the largest markets for silica sand exported from Iran were Armenia ($X), Azerbaijan ($X) and Uzbekistan ($X), together comprising 88% of total exports.

Azerbaijan, with a CAGR of -2.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average silica sand export price stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 635%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Uzbekistan ($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 Kuwait (+14.0%), while the prices for the other major destinations experienced mixed trend patterns.

Silica Sand Imports

Imports into Iran

In 2022, the amount of silica sands (quartz sands or industrial sands) imported into Iran was estimated at X tons, with an increase of 6.5% compared with the previous year. In general, imports, however, saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of 213% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, silica sand imports rose significantly to $X in 2022. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 145%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest silica sand supplier to Iran, accounting for a 82% share of total imports. Moreover, silica sand imports from Turkey exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled -9.1%.

In value terms, the largest silica sand suppliers to Iran were Germany ($X) and Turkey ($X).

Germany, with a CAGR of -0.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silica sand import price decreased by -2.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Germany ($X per ton), while the price for Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+83.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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