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

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

After two years of growth, the Asia-Pacific market for granules, chippings and powder of monumental stone decreased by less than 0.1% to $X in 2021. Overall, consumption, however, recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, monumental stone granules and powder production fell modestly to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2013 with an increase of 3.7% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Asia-Pacific

In 2021, shipments abroad of granules, chippings and powder of monumental stone decreased by -60.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, posted a notable expansion. The growth pace was the most rapid in 2019 when exports increased by 84%. The volume of export peaked at X tons in 2020, and then declined dramatically in the following year.

In value terms, monumental stone granules and powder exports contracted dramatically to $X in 2021. In general, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 92%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) represented roughly 97% of total exports in 2021.

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. China (+13 p.p.) significantly strengthened its position in terms of the total exports, while 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-Pacific.

From 2012 to 2021, the average annual growth rate of value in China totaled +17.7%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 9.9% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 79%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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-Pacific

Monumental stone granules and powder imports declined to X tons in 2021, which is down by -7.5% against 2020. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 104% against the previous year. Over the period under review, imports attained the peak figure 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 contracted markedly to $X in 2021. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 83% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced dramatically in the following year.

Imports by Country

Taiwan (Chinese) represented the major importer of granules, chippings and powder of monumental stone in Asia-Pacific, with the volume of imports recording X tons, which was approx. 64% of total imports in 2021. Macao SAR (X tons) took the second position in the ranking, distantly followed by China (X tons). All these countries together held near 32% share of total imports. Hong Kong SAR (X tons) took a little share of total imports.

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-Pacific, with a CAGR of +92.0% from 2012-2021. Macao SAR (+12 p.p.), China (+9.4 p.p.) and Hong Kong SAR (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) saw its share reduced by -19.5% from 2012 to 2021, respectively.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Asia-Pacific, comprising 52% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by Macao SAR, with a 13% share.

In Hong Kong SAR, monumental stone granules and powder imports expanded at an average annual rate of +113.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-3.3% per year) and Macao SAR (+25.3% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with a decrease of -52% against the previous year. In general, the import price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2019 when the import price increased by 118% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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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