South-Eastern Asia: Construction Sands Market 2024

Construction Sands Market Size in South-Eastern Asia

The Southeast Asian construction sands market expanded rapidly to $X in 2022, picking up by 6.5% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Construction Sands Production in South-Eastern Asia

In value terms, construction sands production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Construction Sands Exports

Exports in South-Eastern Asia

Construction sands exports dropped rapidly to X tons in 2022, waning by -64.9% against the previous year. In general, exports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 194%. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, construction sands exports fell markedly to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 107%. The level of export peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

The biggest shipments were from the Philippines (X tons), Malaysia (X tons) and Cambodia (X tons), together recording 98% of total export. Vietnam (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +65.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest construction sands supplying countries in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and the Philippines ($X), together accounting for 80% of total exports.

Malaysia, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by 126% against the previous year. Over the period under review, the export price enjoyed noticeable growth. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.0%), while the other leaders experienced mixed trends in the export price figures.

Construction Sands Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of construction sands decreased by -12.9% to X tons in 2022. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,058%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, construction sands imports soared to $X in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 233%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore dominates imports structure, resulting at X tons, which was near 97% of total imports in 2022. Thailand (X tons) held a relatively small share of total imports.

Imports into Singapore increased at an average annual rate of +14.5% from 2012 to 2022. At the same time, Thailand (+56.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +56.6% from 2012-2022. Thailand (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -3% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported construction sands in South-Eastern Asia, comprising 95% of total imports. The second position in the ranking was taken by Thailand ($X), with a 0.8% share of total imports.

In Singapore, construction sands imports increased at an average annual rate of +13.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 34% against the previous year. Over the period under review, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of 1,225% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

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 Singapore ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-0.5%).

Source: IndexBox Platform

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