The Silica Sands and Quartz Sands market in Lithuania exhibited volatility from 2013 to 2023. The market value decreased from 2013 to 2015, stabilized, and then showed modest growth until 2019. A significant drop occurred in 2020 due to external factors, followed by a recovery in 2021. The market slightly decreased in 2022 and 2023. By 2023, the value stood at 1.75 million USD.
Over the last two years, the market experienced a minimal decline, with year-on-year variations of -0.61% in 2022 and -0.60% in 2023. The five-year CAGR from 2018 to 2023 was -0.26%, indicating a stable but slightly declining trend.
Future trends to watch for include the impact of innovations in glass manufacturing, construction, and renewable energy sectors, which may drive demand for silica and quartz sands. Additionally, environmental regulations and sustainable mining practices may influence market dynamics.
| # | 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 |
| 13 | 13 Morocco | 10,844,000 | 2023 | -0.93% | -0.86% | View data |
| 14 | 14 Chile | 9,818,000 | 2023 | -1.27% | -0.35% | View data |
| 15 | 15 Lithuania | 1,750,000 | 2023 | -0.6% | -0.26% | |
| 16 | 16 El Salvador | 789,880 | 2023 | -0.33% | -0.65% | View data |
