Lithuania: Silica Sand Market 2024

Silica Sand Market Size in Lithuania

In 2022, the Lithuanian silica sand market decreased by -11.7% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption continues to indicate a abrupt curtailment. Silica sand consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Silica Sand Production in Lithuania

In value terms, silica sand production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Silica sand production peaked at $X in 2021, and then contracted slightly in the following year.

Silica Sand Exports

Exports from Lithuania

In 2022, overseas shipments of silica sands (quartz sands or industrial sands) decreased by -13.4% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 20%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, silica sand exports rose to $X in 2022. In general, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Latvia (X tons) was the main destination for silica sand exports from Lithuania, accounting for a 96% share of total exports. It was followed by Russia (X tons), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Latvia amounted to +2.1%.

In value terms, Latvia ($X) remains the key foreign market for silica sands (quartz sands or industrial sands) exports from Lithuania, comprising 83% of total exports. The second position in the ranking was held by Russia ($X), with an 8.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Latvia totaled +3.7%.

Export Prices by Country

In 2022, the average silica sand export price amounted to $X per ton, surging by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Latvia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+1.7%).

Silica Sand Imports

Imports into Lithuania

In 2022, purchases abroad of silica sands (quartz sands or industrial sands) decreased by -46% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 24%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silica sand imports declined rapidly to $X in 2022. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Latvia (X tons) and Germany (X tons) were the main suppliers of silica sand imports to Lithuania, together comprising 95% of total imports. These countries were followed by Ukraine, which accounted for a further 3.8%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +22.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest silica sand suppliers to Lithuania were Poland ($X), Latvia ($X) and Germany ($X), with a combined 88% share of total imports. These countries were followed by Ukraine, which accounted for a further 5.5%.

Ukraine, with a CAGR of +20.2%, recorded 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 more modest paces of growth.

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, rising by 26% against the previous year. Overall, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 251%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform