Key Market Indicators
Korean exports of silica sand are expected to plummet by 32.6% in the next five years, from 8.85 million kilograms in 2021 to 1.06 million kilograms in 2026. This follows a 4.9% decrease in supply since 1994. In 2021, Korea was ranked 41st in exports, with Norway coming in first with 8.85 million kilograms. The United States, Belgium and Germany took the second, third and fourth spots, respectively. Meanwhile, imports of silica sand in Korea are expected to decrease 0.5% annually up to 2026, from 1.01 billion kilograms in 2021. Demand has increased by 0.8% since 1993. In 2021, Korea was the seventh largest importer, with Italy leading the way at 1.01 billion kilograms. Slovenia, Singapore and Belgium occupied the second, third and fourth positions, respectively.
