Eastern Asia: Natural Sand Market 2022

Natural Sand Market Size in Eastern Asia

The East Asian natural sand market shrank to $X in 2021, reducing by -5.1% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Natural Sand Production in Eastern Asia

In value terms, natural sand production declined to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 22%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Natural Sand Exports

Exports in Eastern Asia

In 2021, overseas shipments of natural sands increased by 3,506% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural sand exports surged to $X in 2021. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from China (X tons), together accounting for 100% of total export.

China was also the fastest-growing in terms of the natural sands exports, with a CAGR of +56.5% from 2012 to 2021. China (+9.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest natural sand supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +54.0%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, reducing by -53.3% against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -1.5% per year.

Natural Sand Imports

Imports in Eastern Asia

Natural sand imports soared to X tons in 2021, rising by 55% compared with the previous year's figure. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.0% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural sand imports declined modestly to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2017 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 34% against the previous year. Over the period under review, imports reached the maximum at $X in 2020, and then reduced modestly in the following year.

Imports by Country

China represented the main importing country with an import of around X tons, which recorded 45% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with an 18% share, followed by Japan (13%), South Korea (12%) and Hong Kong SAR (7.8%). Macao SAR (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to natural sand imports into China stood at +44.1%. At the same time, Macao SAR (+104.1%) and Hong Kong SAR (+28.7%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +104.1% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-2.3%) and Taiwan (Chinese) (-10.6%) illustrated a downward trend over the same period. China (+43 p.p.), Hong Kong SAR (+6.8 p.p.) and Macao SAR (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Japan and Taiwan (Chinese) saw its share reduced by -3%, -6.8% and -43% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported natural sands in Eastern Asia, comprising 50% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +9.5%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-5.7% per year) and Taiwan (Chinese) (-3.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, waning by -36% against the previous year. Overall, the import price recorded a mild shrinkage. The growth pace was the most rapid in 2020 an increase of 51% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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