Myanmar: Construction Sands Market 2022

Construction Sands Market Size in Myanmar

In 2021, the Myanmar's construction sands market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a noticeable increase from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Construction Sands Production in Myanmar

In value terms, construction sands production shrank remarkably to $X in 2021 estimated in export price. In general, production, however, showed a strong expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then reduced notably in the following year.

Construction Sands Exports

Exports from Myanmar

In 2021, shipments abroad of construction sands increased by X% to X tons, rising for the fifth year in a row after four years of decline. In general, exports, however, saw a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, construction sands exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for construction sands exports from Myanmar, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled -X%.

In value terms, Singapore ($X) also remains the key foreign market for construction sands exports from Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled -X%.

Export Prices by Country

The average construction sands export price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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

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

Construction Sands Imports

Imports into Myanmar

In 2021, construction sands imports into Myanmar surged to X tons, jumping by X% on 2020 figures. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, construction sands imports rose sharply to $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of construction sands to Myanmar, with a X% share of total imports. Moreover, construction sands imports from Thailand exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Singapore (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of construction sands to Myanmar, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

The average construction sands import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the import price faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform