In Chile, the market size of silica sands and quartz sands has shown significant fluctuation from 13.66 million USD in 2012 to 9.9439 million USD in 2022, with variations indicating both positive and negative growth periods. From 2012 to 2017, the market experienced a downward trend, culminating in a low of 9.34 million USD in 2017. Notably, there was a recovery phase starting in 2018, with values peaking at 10.639 million USD in 2019 before facing another downturn in 2020 to 8.4688 million USD.
Year-on-year trends over the last two years highlighted a positive swing in 2021, showing an 18.93% increase, followed by a slight decline of 1.28% in 2022. The compound annual growth rate (CAGR) over the past five years (2017-2022) reflects an average annual increase of 1.26%, indicating a modest recovery trajectory in the latter part of the period.
Future trends to watch for in the silica sands and quartz sands market in Chile include:
- Technological advancements in mining and processing which could reduce costs and increase efficiency.
- Increasing demand from various industries such as glass manufacturing, construction, and electronics.
- Potential regulatory changes impacting extraction practices and environmental safeguards.
- Global market forces, including supply chain disruptions and changes in international trade agreements.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 388,160,000 | 2023 | -2.98% | -2.26% | View data |
| 2 | 2 Italy | 241,660,000 | 2023 | +0.45% | -0.24% | View data |
| 3 | 3 Germany | 212,980,000 | 2023 | +1.69% | +0.99% | View data |
| 4 | 4 South Korea | 184,000,000 | 2023 | +1.1% | +1.79% | View data |
| 5 | 5 France | 120,610,000 | 2023 | +0.76% | +0.15% | View data |
| 12 | 12 Greece | 17,930,000 | 2023 | +0.64% | -0.34% | View data |
| 13 | 13 Morocco | 10,844,000 | 2023 | -0.93% | -0.86% | View data |
| 14 | 14 Chile | 9,818,000 | 2023 | -1.27% | -0.35% | |
| 15 | 15 Lithuania | 1,750,000 | 2023 | -0.6% | -0.26% | View data |
| 16 | 16 El Salvador | 789,880 | 2023 | -0.33% | -0.65% | View data |
