Sweden: Silica Sand Market 2024

Silica Sand Market Size in Sweden

After two years of growth, the Swedish silica sand market decreased by -2.4% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Silica Sand Production in Sweden

In value terms, silica sand production declined to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.0% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 29% against the previous year. Silica sand production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Silica Sand Exports

Exports from Sweden

In 2022, the amount of silica sands (quartz sands or industrial sands) exported from Sweden surged to X tons, rising by 18% against the previous year's figure. Over the period under review, exports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2019 with an increase of 134% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, silica sand exports surged to $X in 2022. Overall, total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 73% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Norway (X tons) was the main destination for silica sand exports from Sweden, with a 73% share of total exports. Moreover, silica sand exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. The third position in this ranking was taken by Finland (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+17.1% per year) and Finland (-14.0% per year).

In value terms, Norway ($X) remains the key foreign market for silica sands (quartz sands or industrial sands) exports from Sweden, comprising 75% of total exports. The second position in the ranking was held by Finland ($X), with a 10% share of total exports. It was followed by Denmark, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-8.3% per year) and Denmark (+3.7% per year).

Export Prices by Country

In 2022, the average silica sand export price amounted to $X per ton, jumping by 35% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 43%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Latvia (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silica Sand Imports

Imports into Sweden

Silica sand imports into Sweden stood at X tons in 2022, increasing by 4.2% on the previous year's figure. Overall, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 5.9% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silica sand imports expanded slightly to $X in 2022. In general, imports, however, continue to indicate a slight decline. The pace of growth was the most pronounced in 2017 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X tons) constituted the largest silica sand supplier to Sweden, accounting for a 73% share of total imports. Moreover, silica sand imports from Denmark exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to -3.7%.

In value terms, the largest silica sand suppliers to Sweden were Denmark ($X) and Belgium ($X).

Denmark, with a CAGR of -3.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average silica sand import price amounted to $X per ton, waning by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Denmark stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.0%).

Source: IndexBox Platform

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