The Japan Silica Sands and Quartz Sands market value showed fluctuations from 2013 to 2023. The market peaked in 2013 with a value of 515.58 million USD and declined sharply by 2023, standing at 388.16 million USD. The years 2014 to 2020 reflected a downturn, influenced by global economic factors and shifting industrial demands. A slight recovery occurred in 2021 with a 16.96% increase, followed by marginal decreases in 2022 and 2023. The compound annual growth rate over the last five years was -2.26%, indicating a slight downward trend.
Future trends to watch for include:
- Technological advancements increasing the demand for high-purity quartz sands in electronics and photovoltaic industries.
- Environmental regulations potentially affecting mining and processing practices and costs.
- Global market dynamics and supply chain shifts could influence Japan's imports and exports of silica and quartz sands.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 388,160,000 | 2023 | -2.98% | -2.26% | |
| 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 |
