Philippines: Natural Sand Market 2022

Natural Sand Market Size in the Philippines

The Philippine natural sand market expanded markedly to $X in 2021, picking up by 8% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.4% against 2019 indices. Natural sand consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Natural Sand Production in the Philippines

In value terms, natural sand production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 24%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Natural Sand Exports

Exports from the Philippines

In 2021, the amount of natural sands exported from the Philippines soared to X tons, picking up by 431% against the previous year's figure. Overall, exports enjoyed a measured expansion. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, natural sand exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for natural sand exports from the Philippines, with a 71% share of total exports. Moreover, natural sand exports to Singapore exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+151.1% per year) and China (+62.0% per year).

In value terms, Singapore ($X) emerged as the key foreign market for natural sand exports from the Philippines, comprising 78% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total exports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+53.2% per year) and China (+10.1% per year).

Export Prices by Country

In 2021, the average natural sand export price amounted to $X per ton, growing by 33% against the previous year. In general, the export price, however, continues to indicate a deep slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-5.7%), while the prices for the other major destinations experienced a decline.

Natural Sand Imports

Imports into the Philippines

In 2021, approx. X tons of natural sands were imported into the Philippines; increasing by 61% on 2020 figures. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 129%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, natural sand imports surged to $X in 2021. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 82%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of natural sand to the Philippines, with a 55% share of total imports. Moreover, natural sand imports from Australia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia totaled +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+38.3% per year) and Vietnam (+6.8% per year).

In value terms, Australia ($X), China ($X) and the United States ($X) constituted the largest natural sand suppliers to the Philippines, with a combined 78% share of total imports.

Among the main suppliers, the United States, with a CAGR of +55.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average natural sand import price amounted to $X per ton, increasing by 6.6% against the previous year. Overall, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 39%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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