Report Vietnam - Silica Sands (Quartz Sands or Industrial Sands) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Vietnam - Silica Sands (Quartz Sands or Industrial Sands) - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Silica Sand Market 2024

Silica Sand Market Size in Vietnam

The Vietnamese silica sand market reduced to $X in 2022, with a decrease of -6% against the previous year. Overall, consumption, however, recorded a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Silica Sand Production in Vietnam

In value terms, silica sand production declined to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 57%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Silica Sand Exports

Exports from Vietnam

In 2022, approx. X tons of silica sands (quartz sands or industrial sands) were exported from Vietnam; picking up by 35% against the previous year. Over the period under review, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 476% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, silica sand exports soared to $X in 2022. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 105% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and the Philippines (X tons) were the main destinations of silica sand exports from Vietnam, with a combined 83% share of total exports. The United States, Japan, Indonesia, Thailand and China lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +25.3%), while shipments for the other leaders experienced a decline.

In value terms, South Korea ($X), the United States ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for silica sand exported from Vietnam worldwide, together accounting for 72% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average silica sand export price stood at $X per ton in 2022, shrinking by -13.3% against the previous year. In general, the export price, however, saw temperate growth. The growth pace was 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 the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 States (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silica Sand Imports

Imports into Vietnam

Silica sand imports into Vietnam expanded notably to X tons in 2022, increasing by 6.2% against the previous year. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 244%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, silica sand imports expanded slightly to $X in 2022. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 218% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest silica sand supplier to Vietnam, accounting for a 83% share of total imports. Moreover, silica sand imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.2% per year) and Taiwan (Chinese) (+12.0% per year).

In value terms, Belgium ($X) constituted the largest supplier of silica sands (quartz sands or industrial sands) to Vietnam, comprising 56% of total imports. The second position in the ranking was held by Spain ($X), with a 7.4% share of total imports. It was followed by Taiwan (Chinese), with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at +87.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+44.8% per year) and Taiwan (Chinese) (-1.4% per year).

Import Prices by Country

The average silica sand import price stood at $X per ton in 2022, which is down by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2016 an increase of 30%. The import price peaked at $X per ton in 2013; however, from 2014 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 Spain ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+56.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of silica sand consumption, comprising approx. 68% of total volume. Moreover, silica sand consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fivefold. The third position in this ranking was occupied by Turkey, with a 1.8% share.
China remains the largest silica sand producing country worldwide, comprising approx. 68% of total volume. Moreover, silica sand production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold.
In value terms, Belgium constituted the largest supplier of silica sand to Vietnam, comprising 83% of total imports. The second position in the ranking was occupied by Spain, with a 7.9% share of total imports.
In value terms, the Philippines, Japan and Malaysia constituted the largest markets for silica sand exported from Vietnam worldwide, together comprising 98% of total exports.
In 2021, the average silica sand export price amounted to $39 per ton, therefore, remained relatively stable against the previous year.
In 2021, the average silica sand import price amounted to $258 per ton, rising by 2.2% against the previous year.

This report provides an in-depth analysis of the silica sand market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 08121150 - Silica sands (quartz sands or industrial sands)

Country coverage:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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