Thailand: Natural Sand Market 2022

Natural Sand Market Size in Thailand

The Thai natural sand market reduced to $X in 2021, stabilizing at the previous year. In general, consumption, however, enjoyed strong growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Natural Sand Production in Thailand

In value terms, natural sand production shrank modestly to $X in 2021 estimated in export price. In general, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Natural Sand Exports

Exports from Thailand

In 2021, the amount of natural sands exported from Thailand skyrocketed to X tons, increasing by 35% compared with the previous year's figure. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 127%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, natural sand exports skyrocketed to $X in 2021. In general, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 74%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons), Bangladesh (X tons) and India (X tons) were the main destinations of natural sand exports from Thailand, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +88.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural sand exported from Thailand were Lao People's Democratic Republic ($X), Myanmar ($X) and India ($X), together comprising 68% of total exports. Bangladesh, Cambodia, Malaysia, Vietnam, Indonesia, Pakistan and Singapore lagged somewhat behind, together comprising a further 27%.

Bangladesh, with a CAGR of +54.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average natural sand export price amounted to $X per ton, stabilizing at the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, natural sand export price increased by +49.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 49%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Bangladesh ($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 Indonesia (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Sand Imports

Imports into Thailand

In 2021, supplies from abroad of natural sands increased by 1,209% to X tons, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural sand imports soared to $X in 2021. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest natural sand supplier to Thailand, with a 47% share of total imports. Moreover, natural sand imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. Lao People's Democratic Republic (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +54.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+34.4% per year) and Lao People's Democratic Republic (+202.4% per year).

In value terms, China ($X) constituted the largest supplier of natural sand to Thailand, comprising 61% of total imports. The second position in the ranking was taken by Australia ($X), with a 10% share of total imports. It was followed by Lao People's Democratic Republic, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+0.9% per year) and Lao People's Democratic Republic (+89.5% per year).

Import Prices by Country

The average natural sand import price stood at $X per ton in 2021, dropping by -87% against the previous year. Overall, the import price continues to indicate a sharp reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 31%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Vietnam ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :