Venezuela: Silica Sand Market 2024

Silica Sand Market Size in Venezuela

The Venezuelan silica sand market contracted rapidly to $X in 2022, with a decrease of -17.1% against the previous year. In general, consumption recorded a sharp reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Silica Sand Production in Venezuela

In value terms, silica sand production reached $X in 2022 estimated in export price. In general, production, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 4.8% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Silica Sand Exports

Exports from Venezuela

In 2022, exports of silica sands (quartz sands or industrial sands) from Venezuela reached X tons, standing approx. at the previous year. Overall, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 124%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silica sand exports surged to $X in 2022. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 562% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons), Colombia (X tons) and Saint Vincent and the Grenadines (X tons) were the main destinations of silica sand exports from Venezuela, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +14.3%), while shipments for the other leaders experienced a decline.

In value terms, the Dominican Republic ($X) remains the key foreign market for silica sands (quartz sands or industrial sands) exports from Venezuela, comprising 72% of total exports. The second position in the ranking was taken by Colombia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic amounted to +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-14.4% per year) and Saint Vincent and the Grenadines (-37.7% per year).

Export Prices by Country

The average silica sand export price stood at $X per ton in 2022, rising by 27% against the previous year. In general, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 286% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Saint Vincent and the Grenadines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+53.7%), while the prices for the other major destinations experienced mixed trend patterns.

Silica Sand Imports

Imports into Venezuela

Silica sand imports into Venezuela dropped sharply to X tons in 2022, shrinking by -97.7% compared with 2021 figures. In general, imports continue to indicate a sharp downturn. The growth pace was the most rapid in 2016 when imports increased by 281%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, silica sand imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a sharp descent. The growth pace was the most rapid in 2016 with an increase of 99% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) was the main silica sand supplier to Venezuela, with a 92% share of total imports. Moreover, silica sand imports from Mexico exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold. The third position in this ranking was taken by Canada (X kg), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-21.8% per year) and Canada (-34.2% per year).

In value terms, Mexico ($X) constituted the largest supplier of silica sands (quartz sands or industrial sands) to Venezuela, comprising 66% of total imports. The second position in the ranking was held by Colombia ($X), with a 17% share of total imports. It was followed by the United States, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-14.0% per year) and the United States (-37.0% per year).

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, growing by 355% against the previous year. Overall, the import price recorded a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+1,086.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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