Malaysia: Sandstone Market 2024

Sandstone Market Size in Malaysia

The Malaysian sandstone market totaled $X in 2022, picking up by 5.3% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Sandstone Production in Malaysia

In value terms, sandstone production reached $X in 2022 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 26%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Sandstone Exports

Exports from Malaysia

Sandstone exports from Malaysia shrank to X tons in 2022, falling by -6.7% compared with 2021. Overall, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 104% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, sandstone exports dropped slightly to $X in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 95%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for sandstone exports from Malaysia, with a 91% share of total exports. Moreover, sandstone exports to Brunei Darussalam exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brunei Darussalam was relatively modest.

In value terms, Vietnam ($X) remains the key foreign market for sandstone exports from Malaysia, comprising 77% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-15.9% per year) and Indonesia (-22.5% per year).

Export Prices by Country

The average sandstone export price stood at $X per ton in 2022, rising by 6.1% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 115% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Brunei Darussalam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-7.3%).

Sandstone Imports

Imports into Malaysia

In 2022, approx. X tons of sandstone were imported into Malaysia; with a decrease of -6.5% against 2021 figures. Over the period under review, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sandstone imports declined to $X in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest sandstone supplier to Malaysia, with a 58% share of total imports. Moreover, sandstone imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.8% per year) and Spain (-9.9% per year).

In value terms, China ($X), Vietnam ($X) and Spain ($X) constituted the largest sandstone suppliers to Malaysia, with a combined 76% share of total imports. The United States, Indonesia, India, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further 22%.

The United States, with a CAGR of -4.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sandstone import price stood at $X per ton in 2022, falling by -3.5% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sandstone import price increased by +4.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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