Philippines - Natural Sands - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Philippines - Natural Sands - Market Analysis, Forecast, Size, Trends And Insights

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Natural Sand Price in the Philippines - 2023

Contents:

  1. Natural Sand Price in the Philippines (CIF) - 2023
  2. Natural Sand Price in the Philippines (FOB) - 2022
  3. Natural Sand Imports in the Philippines
  4. Natural Sand Exports in the Philippines

Natural Sand Price in the Philippines (CIF) - 2023

The average natural sand import price stood at $49.8 per ton in July 2023, which is down by -47.3% against the previous month. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in February 2023 an increase of 165% against the previous month. The import price peaked at $210 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($192 per ton), while the price for Malaysia ($25.0 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.8%), while the prices for the other major suppliers experienced a decline.

Natural Sand Price in the Philippines (FOB) - 2022

In 2022, the average natural sand export price amounted to $3.2 per ton, waning by -39.5% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2021 an increase of 32%. The export price peaked at $12 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($4.4 per ton), while the average price for exports to Japan ($2.1 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 Singapore (-6.1%), while the prices for the other major destinations experienced a decline.

Natural Sand Imports in the Philippines

In 2022, purchases abroad of natural sands decreased by -99.1% to 7.2K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. As a result, imports attained the peak of 794K tons, and then shrank dramatically in the following year.

In value terms, natural sand imports shrank remarkably to $8.6M in 2022. In general, imports saw a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, imports attained the peak of $42M, and then fell dramatically in the following year.

Import of Natural Sand in the Philippines (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam5.82.18.67.810.4%
TurkeyN/AN/A0.40.525.0%
Malaysia0.50.93.20.1-41.5%
China5.09.59.2N/A35.6%
Australia11.411.015.0N/A14.7%
Others1.20.65.50.3-37.0%
Total24.024.241.98.6-29.0%

Top Suppliers of Natural Sand to the Philippines in 2022:

  1. Malaysia (undefinedK tons)
  2. Vietnam (4.5K tons)
  3. Turkey (2.6K tons)

Natural Sand Exports in the Philippines

In 2022, natural sand exports from the Philippines contracted remarkably to 735K tons, with a decrease of -64.5% on 2021 figures. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 431% against the previous year. As a result, the exports attained the peak of 2.1M tons, and then dropped significantly in the following year.

In value terms, natural sand exports declined remarkably to $2.3M in 2022. Over the period under review, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 603%. As a result, the exports attained the peak of $11M, and then shrank rapidly in the following year.

Export of Natural Sand in the Philippines (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR5.60.51.81.5-35.5%
Taiwan (Chinese)1.50.91.10.7-22.4%
Japan0.20.20.20.1-20.6%
China0.5N/A0.7N/A18.3%
SingaporeN/AN/A7.0N/A0%
OthersN/AN/AN/AN/A0%
Total7.81.510.82.3-33.4%

Top Export Markets for Natural Sand from the Philippines in 2022:

  1. Taiwan (Chinese) (341.6K tons)
  2. Hong Kong SAR (329.0K tons)
  3. Japan (63.7K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the natural sand market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 08121150 - Silica sands (quartz sands or industrial sands)
  • Prodcom 08121190 - Construction sands such as clayey sands, kaolinic sands, f eldspathic sands (excluding silica sands, metal bearing sands)

Country coverage:

  • Philippines

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Philippines
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Natural Sands - Philippines