China: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in China

The Chinese market for granite, sandstone and other building stone soared to $X in 2021, rising by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Exports of Granite, Sandstone And Other Building Stone

Exports from China

In 2021, after two years of decline, there was significant growth in shipments abroad of granite, sandstone and other building stone, when their volume increased by 735% to X tons. Overall, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. In general, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for exports of granite, sandstone and other building stone from China, accounting for a 78% share of total exports. Moreover, exports of granite, sandstone and other building stone to Taiwan (Chinese) exceeded the volume sent to the second major destination, South Korea (X tons), tenfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+21.5% per year) and Hong Kong SAR (+58.6% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for granite, sandstone and other building stone exports from China, comprising 40% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total exports. It was followed by South Korea, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+46.2% per year) and South Korea (+8.5% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, dropping by -22.9% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for granite, sandstone and other building stone decreased by -36.4% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 96% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Taiwan (Chinese) (+4.4%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into China

In 2021, imports of granite, sandstone and other building stone into China skyrocketed to X tons, with an increase of 66% against the previous year's figure. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of granite, sandstone and other building stone to China, with a 69% share of total imports. Moreover, imports of granite, sandstone and other building stone from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was held by Portugal (X tons), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.3% per year) and Portugal (+7.2% per year).

In value terms, India ($X) constituted the largest supplier of granite, sandstone and other building stone to China, comprising 63% of total imports. The second position in the ranking was held by Brazil ($X), with a 27% share of total imports. It was followed by Portugal, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+4.2% per year) and Portugal (+8.2% per year).

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, with an increase of 5.1% against the previous year. Over the period under review, the import price, however, saw a pronounced decline. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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