Singapore: Natural Sand Market 2022

Natural Sand Market Size in Singapore

The Singaporean natural sand market declined to $X in 2021, with a decrease of -5.2% against the previous year. In general, consumption saw a perceptible setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Natural Sand Production in Singapore

In value terms, natural sand production contracted slightly to $X in 2021 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 73% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Natural Sand Exports

Exports from Singapore

Natural sand exports from Singapore reduced sharply to X tons in 2021, which is down by -16.5% compared with 2020. In general, exports, however, posted a noticeable expansion. The growth pace was the most rapid in 2013 when exports increased by 207%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural sand exports contracted to $X in 2021. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 168% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Australia (X tons) and Vietnam (X tons) were the main destinations of natural sand exports from Singapore, together accounting for 74% of total exports. These countries were followed by the United States, Malaysia, Spain, the Netherlands, China, British Indian Ocean Territory and Brunei Darussalam, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +218.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural sand exported from Singapore were Malaysia ($X), Australia ($X) and Indonesia ($X), with a combined 50% share of total exports. These countries were followed by Vietnam, Spain, the United States, China, British Indian Ocean Territory, the Netherlands and Brunei Darussalam, which together accounted for a further 29%.

The United States, with a CAGR of +181.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average natural sand export price stood at $X per ton in 2021, growing by 8.7% against the previous year. In general, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 46%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to British Indian Ocean Territory (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Sand Imports

Imports into Singapore

In 2021, imports of natural sands into Singapore fell dramatically to X tons, waning by -28.2% against the previous year. Overall, imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of 2,813% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, natural sand imports dropped notably to $X in 2021. In general, imports recorded a deep reduction. The pace of growth was the most pronounced in 2018 when imports increased by 3,075%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) was the main supplier of natural sand to Singapore, accounting for a 97% share of total imports. It was followed by the Philippines (X tons), with a 1.6% share of total imports. The third position in this ranking was held by Australia (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-30.8% per year) and Australia (+72.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of natural sand to Singapore, comprising 90% of total imports. The second position in the ranking was held by the Philippines ($X), with a 4.7% share of total imports. It was followed by Australia, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-19.0% per year) and Australia (+70.7% per year).

Import Prices by Country

In 2021, the average natural sand import price amounted to $X per ton, reducing by -13.6% against the previous year. Overall, the import price showed a pronounced contraction. The pace of growth was the most pronounced in 2020 an increase of 62%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Philippines ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+70.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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