Myanmar: Construction Sands Market 2024

Construction Sands Market Size in Myanmar

The Myanmar's construction sands market skyrocketed to $X in 2022, increasing by 17% against the previous year. Overall, consumption, however, recorded a mild curtailment. Construction sands consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Construction Sands Production in Myanmar

In value terms, construction sands production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 125% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Construction Sands Exports

Exports from Myanmar

In 2022, shipments abroad of construction sands decreased by -19.4% to X tons, falling for the second year in a row after four years of growth. In general, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2019 with an increase of 316%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, construction sands exports rose modestly to $X in 2022. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 362%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for construction sands exports from Myanmar, with a 100% share of total exports. It was followed by Thailand (X tons), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at -24.2%.

In value terms, Singapore ($X) remains the key foreign market for construction sands exports from Myanmar, comprising 62% of total exports. The second position in the ranking was held by Thailand ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled -19.4%.

Export Prices by Country

The average construction sands export price stood at $X per ton in 2022, picking up by 26% against the previous year. Over the period under review, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 263% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+48.6%).

Construction Sands Imports

Imports into Myanmar

After four years of growth, overseas purchases of construction sands decreased by -99% to X tons in 2022. In general, imports, however, saw a strong expansion. The growth pace was the most rapid in 2013 with an increase of 13,652%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, construction sands imports declined sharply to $X in 2022. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 12,352%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest construction sands supplier to Myanmar, with a 77% share of total imports. Moreover, construction sands imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Singapore (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +51.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.3% per year) and Singapore (+4.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of construction sands to Myanmar, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Singapore, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+45.5% per year) and Singapore (+59.0% per year).

Import Prices by Country

The average construction sands import price stood at $X per ton in 2022, rising by 1,511% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+51.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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