Philippines: Construction Sands Market 2024

Construction Sands Market Size in the Philippines

The Philippine construction sands market rose notably to $X in 2022, increasing by 8.2% against the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Construction sands consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Construction Sands Production in the Philippines

In value terms, construction sands production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.6% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 40% against the previous year. Construction sands production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Construction Sands Exports

Exports from the Philippines

In 2022, approx. X tons of construction sands were exported from the Philippines; which is down by -81.8% against the previous year. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 351%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, construction sands exports contracted remarkably to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 430%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Taiwan (Chinese) (X tons), Singapore (X tons) and China (X tons) were the main destinations of construction sands exports from the Philippines, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +127.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for construction sands exported from the Philippines were Taiwan (Chinese) ($X), Singapore ($X) and China ($X), with a combined 90% share of total exports.

Taiwan (Chinese), with a CAGR of +88.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average construction sands export price amounted to $X per ton, surging by 181% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Construction Sands Imports

Imports into the Philippines

After three years of growth, supplies from abroad of construction sands decreased by -99.4% to X tons in 2022. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2013 with an increase of 730%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, construction sands imports dropped significantly to $X in 2022. Over the period under review, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and Portugal (X tons) were the main suppliers of construction sands imports to the Philippines, with a combined 83% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +4.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Australia ($X) appeared to be the largest construction sands suppliers to the Philippines, together comprising 79% of total imports. Portugal, Turkey and China lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Portugal, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average construction sands import price amounted to $X per ton, rising by 358% against the previous year. In general, the import price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 772% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Australia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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