Southern Asia: Natural Sand Market 2022

Natural Sand Market Size in Southern Asia

In 2021, the South Asian natural sand market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption showed a slight reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Natural Sand Production in Southern Asia

In value terms, natural sand production rose sharply to $X in 2021 estimated in export price. In general, production showed a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of 40%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Natural Sand Exports

Exports in Southern Asia

In 2021, shipments abroad of natural sands decreased by -16.3% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 158%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, natural sand exports fell markedly to $X in 2021. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 45%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bangladesh represented the key exporting country with an export of about X tons, which finished at 81% of total exports. It was distantly followed by Pakistan (X tons), comprising an 18% share of total exports.

Bangladesh was also the fastest-growing in terms of the natural sands exports, with a CAGR of +105.5% from 2012 to 2021. At the same time, Pakistan (+2.1%) displayed positive paces of growth. From 2012 to 2021, the share of Bangladesh increased by +80 percentage points.

In value terms, Pakistan ($X) remains the largest natural sand supplier in Southern Asia, comprising 72% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 20% share of total exports.

In Pakistan, natural sand exports increased at an average annual rate of +2.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, with a decrease of -21.8% against the previous year. Overall, the export price continues to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2015 an increase of 60% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Pakistan ($X per ton), while Bangladesh stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+0.8%).

Natural Sand Imports

Imports in Southern Asia

In 2021, supplies from abroad of natural sands decreased by -29.5% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 117% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, natural sand imports skyrocketed to $X in 2021. Over the period under review, imports showed a perceptible decline. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, recording X tons, which was near 73% of total imports in 2021. It was distantly followed by Pakistan (X tons), Bangladesh (X tons), Maldives (X tons) and Sri Lanka (X tons), together comprising a 26% share of total imports.

Imports into India decreased at an average annual rate of -19.2% from 2012 to 2021. At the same time, Pakistan (+31.5%), Bangladesh (+22.1%) and Sri Lanka (+6.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +31.5% from 2012-2021. By contrast, Maldives (-25.5%) illustrated a downward trend over the same period. Pakistan (+8 p.p.), Bangladesh (+6.3 p.p.) and Sri Lanka (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while India and Maldives saw its share reduced by -8.1% and -8.4% from 2012 to 2021, respectively.

In value terms, India ($X) constitutes the largest market for imported natural sands in Southern Asia, comprising 68% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 10% share of total imports. It was followed by Bangladesh, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled -2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (-0.4% per year) and Bangladesh (+12.0% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, picking up by 119% against the previous year. Over the period under review, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sri Lanka ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+20.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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