Greece: Silica Sand Market 2024

Silica Sand Market Size in Greece

In 2023, the Greek silica sand market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption continues to indicate a abrupt slump. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Silica Sand Production in Greece

In value terms, silica sand production contracted dramatically to $X in 2023 estimated in export price. In general, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Silica Sand Exports

Exports from Greece

In 2023, approx. X tons of silica sands (quartz sands or industrial sands) were exported from Greece; which is down by X% on the previous year's figure. Overall, exports, however, enjoyed a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, silica sand exports dropped rapidly to $X in 2023. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons), Albania (X tons) and Bulgaria (X tons) were the main destinations of silica sand exports from Greece, together accounting for X% of total exports. Mauritius, Malta and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Albania ($X) and Mauritius ($X) appeared to be the largest markets for silica sand exported from Greece worldwide, with a combined X% share of total exports. Malta, Bulgaria and Lithuania lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silica sand export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price posted measured growth. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silica Sand Imports

Imports into Greece

In 2023, purchases abroad of silica sands (quartz sands or industrial sands) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, silica sand imports declined remarkably to $X in 2023. Overall, total imports indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2023, Portugal (X tons) constituted the largest silica sand supplier to Greece, accounting for a X% share of total imports. Moreover, silica sand imports from Portugal exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Portugal totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Bulgaria (X% per year).

In value terms, Portugal ($X), Egypt ($X) and Belgium ($X) were the largest silica sand suppliers to Greece, together accounting for X% of total imports.

In terms of the main suppliers, Portugal, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average silica sand import price amounted to $X per ton, reducing by X% against the previous year. In general, import price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, silica sand import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform