15
. = 13%
United States Appro roox. ro x. = 55%
GLOBAL SAND TRADE The market for mined sand has become a billion-dollar annual business, growing at 10 percent a year since 2008. This has spawned a massive global sand trade both legal and illicit. Its legal trade is estimated at $70 billion per year with a global annual sand consumption in excess of 15 billion tons. Because of rapid urbanization, sand is beginning to procure a condition of scarcity affecting coastal real estate expansion policies, land values, and even territorial geopolitics. China, Singapore, and the UAE are the largest importers of sand.