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

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

In 2021, the Asian market for granules, chippings and powder of monumental stone increased by 0.4% to $X, rising for the fourth consecutive year after four years of decline. Overall, consumption, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 4.6%. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

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

In value terms, monumental stone granules and powder production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The growth pace was the most rapid in 2019 with an increase of 5.8%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Asia

After two years of growth, shipments abroad of granules, chippings and powder of monumental stone decreased by -60% to X tons in 2021. Overall, exports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of 83%. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped significantly in the following year.

In value terms, monumental stone granules and powder exports shrank sharply to $X in 2021. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 73% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) was the main exporter of granules, chippings and powder of monumental stone in Asia, achieving 96% of total export.

China was also the fastest-growing in terms of the granules, chippings and powder of monumental stone exports, with a CAGR of +4.4% from 2012 to 2021. While the share of China (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest monumental stone granules and powder supplier in Asia.

In China, monumental stone granules and powder exports expanded at an average annual rate of +17.7% over the period from 2012-2021.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 15% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monumental stone granules and powder export price decreased by -12.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 62% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +12.7% per year.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in Asia

In 2021, approx. X tons of granules, chippings and powder of monumental stone were imported in Asia; with a decrease of -7.3% compared with the previous year. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 101% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, monumental stone granules and powder imports dropped remarkably to $X in 2021. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by 74% against the previous year. The level of import peaked at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) represented the main importer of granules, chippings and powder of monumental stone, generating 63% of total imports. Macao SAR (X tons) ranks second in terms of the total imports with a 22% share, followed by China (9.7%). Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into Taiwan (Chinese) decreased at an average annual rate of -2.5% from 2012 to 2021. At the same time, Hong Kong SAR (+92.0%), China (+40.7%) and Macao SAR (+9.8%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia, with a CAGR of +92.0% from 2012-2021. From 2012 to 2021, the share of Macao SAR, China and Hong Kong SAR increased by +12, +9.2 and +1.7 percentage points, respectively.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Asia, comprising 50% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by Macao SAR, with a 13% share.

In Hong Kong SAR, monumental stone granules and powder imports increased at an average annual rate of +113.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.3% per year) and Macao SAR (+25.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, which is down by -51.2% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 115%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+13.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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