Thailand: Construction Sands Market 2024

Construction Sands Market Size in Thailand

The Thai construction sands market stood at $X in 2022, growing by 4.1% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Construction Sands Production in Thailand

In value terms, construction sands production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 32%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Construction Sands Exports

Exports from Thailand

In 2022, approx. X tons of construction sands were exported from Thailand; falling by -10.5% compared with 2021 figures. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 75%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, construction sands exports expanded slightly to $X in 2022. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2015 when exports increased by 76% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cambodia (X tons), Lao People's Democratic Republic (X tons) and Malaysia (X tons) were the main destinations of construction sands exports from Thailand, together accounting for 73% 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 Cambodia (with a CAGR of +45.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for construction sands exported from Thailand were Lao People's Democratic Republic ($X), Cambodia ($X) and Malaysia ($X), with a combined 70% share of total exports.

Cambodia, with a CAGR of +29.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average construction sands export price stood at $X per ton in 2022, rising by 14% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, construction sands export price increased by +58.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Sands Imports

Imports into Thailand

In 2022, after three years of growth, there was significant decline in supplies from abroad of construction sands, when their volume decreased by -7.2% to X tons. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 339%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, construction sands imports declined to $X in 2022. In general, imports saw a mild descent. The growth pace was the most rapid in 2014 with an increase of 35%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Lao People's Democratic Republic (X tons) and Saudi Arabia (X tons) were the main suppliers of construction sands imports to Thailand, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +210.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of construction sands to Thailand, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from Lao People's Democratic Republic stood at +75.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.7% per year) and Taiwan (Chinese) (+7.5% per year).

Import Prices by Country

In 2022, the average construction sands import price amounted to $X per ton, which is down by -1.5% against the previous year. Over the period under review, the import price continues to indicate a sharp contraction. The growth pace was the most rapid in 2019 an increase of 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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