The Silica Sands and Quartz Sands market in Austria has experienced steady growth over the last decade. From 2012 to 2022, the market has grown from 25.671 million USD to 41.233 million USD.
Key trends over this period include:
- Gradual increases in market value from 2012 to 2014, with year-on-year changes ranging from 1.32% to 2.25%.
- A more significant growth period from 2015 to 2017, marked by high year-on-year variations, notably 11.87% in 2015 and 17.12% in 2017.
- A stabilization phase from 2018 to 2022, where the market value increased modestly, showcasing annual growth rates of about 0.075% to 3.6%.
For the last two years, the market saw a 3.6% increase in 2021 and a 2.52% increase in 2022. The compound annual growth rate (CAGR) over the past five years is 3.84%, indicating a steady average annual growth.
Future trends to watch for include the increased demand for higher purity silica sands driven by technological advancements and the growth of the glass and electronics industries. Sustainability and regulations around mining activities could also impact market trends.
| # | 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 |
| 6 | 6 Netherlands | 55,729,000 | 2023 | -4.66% | -5.13% | View data |
| 7 | 7 Switzerland | 48,492,000 | 2023 | +0.69% | -0.89% | View data |
| 8 | 8 Austria | 43,789,000 | 2023 | +3.88% | +2.58% | |
| 9 | 9 Sweden | 38,085,000 | 2023 | -0.074% | +0.37% | View data |
| 10 | 10 Portugal | 26,573,000 | 2023 | +7.88% | +9.79% | View data |
