India: Construction Sands Market 2024

Construction Sands Market Size in India

The Indian construction sands market rose slightly to $X in 2022, growing by 1.6% against the previous year. Overall, consumption, however, saw a mild slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Construction Sands Production in India

In value terms, construction sands production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible contraction. The growth pace was the most rapid in 2013 when the production volume increased by 10%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Construction Sands Exports

Exports from India

In 2022, construction sands exports from India soared to X tons, jumping by 5,029% against 2021. Over the period under review, exports recorded tangible growth. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, construction sands exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for construction sands exports from India, accounting for a 87% share of total exports. Moreover, construction sands exports to the United States exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. The third position in this ranking was held by Nepal (X tons), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +310.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+19.9% per year) and Nepal (+33.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for construction sands exports from India, comprising 77% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Myanmar, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +253.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+60.8% per year) and Myanmar (+18.5% per year).

Export Prices by Country

The average construction sands export price stood at $X per ton in 2022, falling by -58.3% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 66% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Nepal ($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 Bhutan (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Sands Imports

Imports into India

In 2022, overseas purchases of construction sands decreased by -57.7% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports showed a deep slump. The growth pace was the most rapid in 2018 when imports increased by 517%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, construction sands imports dropped notably to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 401%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons) and the United States (X tons) were the main suppliers of construction sands imports to India, with a combined 97% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +96.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of construction sands to India, comprising 69% of total imports. The second position in the ranking was taken by Belgium ($X), with a 21% share of total imports. It was followed by South Africa, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +115.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+63.9% per year) and South Africa (+47.7% per year).

Import Prices by Country

In 2022, the average construction sands import price amounted to $X per ton, growing by 86% against the previous year. Over the period under review, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 620% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+146.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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