Venezuela: Natural Sand Market 2022

Natural Sand Market Size in Venezuela

The Venezuelan natural sand market skyrocketed to $X in 2021, picking up by 15% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Natural Sand Production in Venezuela

In value terms, natural sand production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 30%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Natural Sand Exports

Exports from Venezuela

In 2021, the amount of natural sands exported from Venezuela contracted significantly to X tons, declining by -47.4% compared with 2020 figures. Overall, exports saw a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of 4,460%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, natural sand exports contracted remarkably to $X in 2021. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 2,263% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X tons), the Dominican Republic (X tons) and Colombia (X tons) were the main destinations of natural sand exports from Venezuela, together accounting for 81% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +39.2%), while the other leaders experienced mixed trend patterns.

In value terms, Panama ($X), the Dominican Republic ($X) and the United States ($X) were the largest markets for natural sand exported from Venezuela worldwide, with a combined 88% share of total exports.

The Dominican Republic, with a CAGR of +19.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average natural sand export price amounted to $X per ton, rising by 12% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 95% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Saint Vincent and the Grenadines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+200.0%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Sand Imports

Imports into Venezuela

Natural sand imports into Venezuela surged to X tons in 2021, with an increase of 86% against the previous year. Over the period under review, imports, however, showed a dramatic descent. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, natural sand imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2013 with an increase of 125% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of natural sand to Venezuela, with a 53% share of total imports. Moreover, natural sand imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-4.8% per year) and Turkey (-27.8% per year).

In value terms, the United States ($X), Mexico ($X) and Brazil ($X) were the largest natural sand suppliers to Venezuela, with a combined 68% share of total imports. Taiwan (Chinese), Turkey, Canada and the Dominican Republic lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of -0.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average natural sand import price amounted to $X per ton, declining by -18.1% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 52%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Dominican Republic ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+52,531.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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