ASEAN: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in ASEAN

The ASEAN market for granules, chippings and powder of monumental stone expanded notably to $X in 2021, picking up by 7.4% against the previous year. Over the period under review, consumption, however, saw a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in ASEAN

In value terms, monumental stone granules and powder production dropped to $X in 2021 estimated in export price. In general, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 6.1% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in ASEAN

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -63% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 133% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports fell markedly to $X in 2021. In general, exports recorded a pronounced setback. The growth pace was the most rapid in 2015 with an increase of 598%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Malaysia (X tons) and Vietnam (X tons) were the largest exporters of granules, chippings and powder of monumental stone in ASEAN, together committing 78% of total exports. It was distantly followed by Thailand (X tons), generating a 20% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +117.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) remains the largest monumental stone granules and powder supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total exports.

In Vietnam, monumental stone granules and powder exports increased at an average annual rate of +2.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-7.9% per year) and Thailand (+62.6% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, which is down by -26.9% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of 200% against the previous year. The level of export peaked at $X per ton in 2020, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.7%), while the other leaders experienced a decline in the export price figures.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in ASEAN

In 2021, approx. X tons of granules, chippings and powder of monumental stone were imported in ASEAN; picking up by 334% on 2020 figures. Over the period under review, imports, however, saw a deep downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports expanded to $X in 2021. In general, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Singapore represented the key importer of granules, chippings and powder of monumental stone in ASEAN, with the volume of imports finishing at X tons, which was near 75% of total imports in 2021. It was distantly followed by Indonesia (X tons), generating a 16% share of total imports. The following importers - Thailand (X tons) and Vietnam (X tons) - together made up 5.7% of total imports.

From 2012 to 2021, average annual rates of growth with regard to monumental stone granules and powder imports into Singapore stood at -15.9%. At the same time, Indonesia (+23.3%) and Thailand (+9.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +23.3% from 2012-2021. By contrast, Vietnam (-11.0%) illustrated a downward trend over the same period. While the share of Indonesia (+16 p.p.) and Thailand (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-14.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, together accounting for 71% of total imports.

Indonesia, with a CAGR of +5.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, with a decrease of -75.9% against the previous year. Overall, the import price, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 an increase of 317% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($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 (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform