Eastern Asia: Construction Sands Market 2024

Construction Sands Market Size in Eastern Asia

The East Asian construction sands market stood at $X in 2022, increasing by 2.7% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Construction Sands Production in Eastern Asia

In value terms, construction sands production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Construction Sands Exports

Exports in Eastern Asia

In 2022, overseas shipments of construction sands decreased by -23.1% to X tons, falling for the second year in a row after two years of growth. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 2,300% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, construction sands exports stood at $X in 2022. Over the period under review, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 180% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China was the major exporter of construction sands in Eastern Asia, with the volume of exports accounting for X tons, which was near 79% of total exports in 2022. It was distantly followed by Democratic People's Republic of Korea (X tons), comprising a 19% share of total exports.

Exports from China decreased at an average annual rate of -16.1% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (+7.5%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +7.5% from 2012-2022. Democratic People's Republic of Korea (+17 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -18.3% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest construction sands supplier in Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Democratic People's Republic of Korea ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to -5.2%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 34% against the previous year. In general, the export price posted a buoyant increase. The growth pace was the most rapid in 2016 when the export price increased by 3,277%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Democratic People's Republic of Korea ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%).

Construction Sands Imports

Imports in Eastern Asia

In 2022, overseas purchases of construction sands decreased by -35.8% to X tons, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when imports increased by 376% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, construction sands imports contracted dramatically to $X in 2022. Over the period under review, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 405% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) represented roughly 81% of total imports in 2022. It was distantly followed by Macao SAR (X tons), making up a 15% share of total imports. Japan (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +68.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

China, with a CAGR of +39.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when the import price increased by 76% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+13.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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