South-Eastern Asia: Silica Sand Market 2024

Silica Sand Market Size in South-Eastern Asia

The Southeast Asian silica sand market dropped to $X in 2022, with a decrease of -7.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Silica Sand Production in South-Eastern Asia

In value terms, silica sand production shrank to $X in 2022 estimated in export price. In general, production showed a mild decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 35%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Silica Sand Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of silica sands (quartz sands or industrial sands) decreased by -11.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, silica sand exports declined slightly to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 31%. The level of export peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

In 2022, Malaysia (X tons) was the key exporter of silica sands (quartz sands or industrial sands), mixing up 69% of total exports. Cambodia (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (5.9%).

Exports from Malaysia decreased at an average annual rate of -1.1% from 2012 to 2022. At the same time, Cambodia (+17.1%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +17.1% from 2012-2022. By contrast, Vietnam (-14.2%) illustrated a downward trend over the same period. While the share of Cambodia (+20 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (-19 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X), Cambodia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, with a combined 100% share of total exports.

Cambodia, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 7.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 72%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+6.9%), while the other leaders experienced more modest paces of growth.

Silica Sand Imports

Imports in South-Eastern Asia

In 2022, the amount of silica sands (quartz sands or industrial sands) imported in South-Eastern Asia reduced notably to X tons, shrinking by -19.9% against the previous year. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, silica sand imports surged to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Singapore (X tons) was the largest importer of silica sands (quartz sands or industrial sands), comprising 58% of total imports. The Philippines (X tons) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (15%). Brunei Darussalam (X tons) and Malaysia (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to silica sand imports into Singapore stood at -11.5%. At the same time, Brunei Darussalam (+73.5%), the Philippines (+37.0%), Malaysia (+17.9%) and Thailand (+17.6%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +73.5% from 2012-2022. From 2012 to 2022, the share of the Philippines, Thailand, Brunei Darussalam and Malaysia increased by +16, +14, +4 and +2.6 percentage points, respectively.

In value terms, Thailand ($X), Singapore ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 76% of total imports. Malaysia and Brunei Darussalam lagged somewhat behind, together accounting for a further 8.2%.

Brunei Darussalam, with a CAGR of +27.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 46% against the previous year. Overall, the import price recorded prominent growth. The growth pace was the most rapid in 2019 when the import price increased by 88%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :