Sri Lanka: Natural Sand Market 2022

Natural Sand Market Size in Sri Lanka

In 2021, the Sri Lankan natural sand market decreased by -6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Natural Sand Production in Sri Lanka

In value terms, natural sand production reduced to $X in 2021 estimated in export price. In general, production, however, showed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 41%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Natural Sand Exports

Exports from Sri Lanka

In 2021, shipments abroad of natural sands increased by 475% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a precipitous setback. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, natural sand exports surged to $X in 2021. Over the period under review, exports, however, saw a deep contraction. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for natural sand exports from Sri Lanka, with a 74% share of total exports. Moreover, natural sand exports to Italy exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. The third position in this ranking was held by Maldives (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled -30.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-11.4% per year) and Maldives (-1.5% per year).

In value terms, Italy ($X) emerged as the key foreign market for natural sand exports from Sri Lanka, comprising 30% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by Maldives, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-1.5% per year) and Maldives (+15.1% per year).

Export Prices by Country

The average natural sand export price stood at $X per ton in 2021, shrinking by -6.5% against the previous year. Overall, the export price, however, showed a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 115%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Italy ($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 Italy (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Sand Imports

Imports into Sri Lanka

In 2021, the amount of natural sands imported into Sri Lanka soared to X tons, increasing by 47% compared with 2020 figures. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 2,282%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, natural sand imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 2,752%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest natural sand supplier to Sri Lanka, accounting for a 63% share of total imports. Moreover, natural sand imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +45.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.2% per year) and China (-15.5% per year).

In value terms, the largest natural sand suppliers to Sri Lanka were Saudi Arabia ($X), China ($X) and Germany ($X), together accounting for 74% of total imports.

Saudi Arabia, with a CAGR of +58.9%, saw the highest growth rate of the value of imports, among the main suppliers 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, with a decrease of -12.4% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($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 (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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