Scandinavia: Silica Sand Market 2024

Silica Sand Market Size in Scandinavia

The Scandinavia silica sand market expanded significantly to $X in 2022, rising by 9.3% against the previous year. Over the period under review, consumption, however, showed a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Silica Sand Production in Scandinavia

In value terms, silica sand production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. 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 in Scandinavia

In 2022, shipments abroad of silica sands (quartz sands or industrial sands) decreased by -3.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 149% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, silica sand exports skyrocketed to $X in 2022. Over the period under review, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden represented the major exporting country with an export of about X tons, which finished at 87% of total exports. It was distantly followed by Norway (X tons), committing an 11% share of total exports. Finland (X tons) followed a long way behind the leaders.

Exports from Sweden decreased at an average annual rate of -3.9% from 2012 to 2022. At the same time, Finland (+17.3%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +17.3% from 2012-2022. By contrast, Norway (-12.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Finland increased by +11 and +2.1 percentage points, respectively.

In value terms, the largest silica sand supplying countries in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Among the main exporting countries, Finland, with a CAGR of +15.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by 21% against the previous year. In general, the export price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2014 when the export price increased by 91% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+7.9%), while the other leaders experienced mixed trends in the export price figures.

Silica Sand Imports

Imports in Scandinavia

In 2022, approx. X tons of silica sands (quartz sands or industrial sands) were imported in Scandinavia; surging by 5.2% against 2021. In general, imports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 6.7% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, silica sand imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +1.1% 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 2016 when imports increased by 25% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden represented the major importer of silica sands (quartz sands or industrial sands) in Scandinavia, with the volume of imports reaching X tons, which was approx. 80% of total imports in 2022. Norway (X tons) held the second position in the ranking, distantly followed by Finland (X tons). All these countries together held near 20% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to silica sand imports into Sweden stood at -3.6%. Norway (-1.5%) and Finland (-2.4%) illustrated a downward trend over the same period. While the share of Norway (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silica sand importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main importing countries, Finland, with a CAGR of +5.9%, 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 trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, growing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2016 an increase of 24% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform