Paraguay: Silica Sand Market 2024

Silica Sand Market Size in Paraguay

The Paraguayan silica sand market totaled $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Silica Sand Production in Paraguay

In value terms, silica sand production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Silica Sand Exports

Exports from Paraguay

In 2021, after three years of growth, there was decline in overseas shipments of silica sands (quartz sands or industrial sands), when their volume decreased by -0.7% to X tons. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 307%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, silica sand exports contracted slightly to $X in 2021. The total export value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then declined slightly in the following year.

Exports by Country

Argentina (X tons) was the main destination for silica sand exports from Paraguay, with a 98% share of total exports. It was followed by Bolivia (X kg), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled -4.9%.

In value terms, Argentina ($X) remains the key foreign market for silica sands (quartz sands or industrial sands) exports from Paraguay, comprising 93% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 7.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina stood at +5.2%.

Export Prices by Country

In 2021, the average silica sand export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 783% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then contracted modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+10.7%).

Silica Sand Imports

Imports into Paraguay

In 2022, approx. X tons of silica sands (quartz sands or industrial sands) were imported into Paraguay; growing by 65% compared with the year before. In general, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 66% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, silica sand imports soared to $X in 2022. Overall, imports saw resilient growth. The growth pace was the most rapid in 2014 when imports increased by 64% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of silica sand to Paraguay, with a 80% share of total imports. Moreover, silica sand imports from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled +32.4%.

In value terms, Brazil ($X) constituted the largest supplier of silica sands (quartz sands or industrial sands) to Paraguay, comprising 69% of total imports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at +25.5%.

Import Prices by Country

In 2022, the average silica sand import price amounted to $X per ton, declining by -2.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 93%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.5%).

Source: IndexBox Platform