The Silica Sands and Quartz Sands market in Portugal experienced substantial growth, reaching a value of 27.12 million USD in 2023. Between 2013 and 2023, the market displayed notable fluctuations with significant growth spurts, particularly from 2017 onwards. The year-on-year variation showed an upward trend recently, marked by an 8.65% increase in 2022 and a 7.88% increase in 2023. Over the last five years, the market achieved a compound annual growth rate of 9.79%, indicating a robust expansion in the industry.
Future trends to watch for include:
- Increasing demand driven by the construction and photovoltaic industries.
- Technological advancements improving extraction and processing efficiency.
- Potential regulatory changes impacting exploration and environmental compliance.
| # | 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 |
| 8 | 8 Austria | 43,789,000 | 2023 | +3.88% | +2.58% | View data |
| 9 | 9 Sweden | 38,085,000 | 2023 | -0.074% | +0.37% | View data |
| 10 | 10 Portugal | 26,573,000 | 2023 | +7.88% | +9.79% | |
| 11 | 11 Israel | 21,966,000 | 2023 | +1.2% | +0.91% | View data |
| 12 | 12 Greece | 17,930,000 | 2023 | +0.64% | -0.34% | View data |
