Thailand: Silica Sand Market 2024

Silica Sand Market Size in Thailand

The Thai silica sand market expanded significantly to $X in 2022, increasing by 9.3% against the previous year. In general, consumption saw a prominent expansion. Silica sand consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Silica Sand Production in Thailand

In value terms, silica sand production stood at $X in 2022 estimated in export price. In general, production saw a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 119% against the previous year. Silica sand production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Silica Sand Exports

Exports from Thailand

Silica sand exports from Thailand fell sharply to X tons in 2022, with a decrease of -92.5% against the previous year. Overall, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 149%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, silica sand exports shrank notably to $X in 2022. In general, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2018 with an increase of 40% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of silica sand exports from Thailand, together accounting for 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +106.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for silica sands (quartz sands or industrial sands) exports from Thailand, comprising 68% of total exports. The second position in the ranking was held by Indonesia ($X), with a 6.9% share of total exports. It was followed by Malaysia, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic stood at -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+29.4% per year) and Malaysia (+99.7% per year).

Export Prices by Country

The average silica sand export price stood at $X per ton in 2022, picking up by 107% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 195% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Malaysia ($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 the United Arab Emirates (+87.7%), while the prices for the other major destinations experienced more modest paces of growth.

Silica Sand Imports

Imports into Thailand

In 2022, supplies from abroad of silica sands (quartz sands or industrial sands) increased by 77% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by 677%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, silica sand imports surged to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 689% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of silica sand imports to Thailand, together accounting for 86% of total imports. Malaysia and India lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +86.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of silica sands (quartz sands or industrial sands) to Thailand, comprising 60% of total imports. The second position in the ranking was held by Australia ($X), with a 23% share of total imports. It was followed by Vietnam, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+26.3% per year) and Vietnam (+1.6% per year).

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2018 an increase of 195% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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