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

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

In 2021, the Chinese market for granules, chippings and powder of monumental stone increased by 32% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, monumental stone granules and powder production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from China

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. Overall, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 95%. The exports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, monumental stone granules and powder exports reduced sharply to $X in 2021. In general, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 134% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and South Korea (X tons) were the main destinations of monumental stone granules and powder exports from China, together accounting for 20% 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 South Korea (with a CAGR of +12.3%), while the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the largest markets for monumental stone granules and powder exported from China worldwide, together comprising 93% of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +34.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, growing by 26% against the previous year. In general, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Singapore ($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 Hong Kong SAR (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into China

In 2021, purchases abroad of granules, chippings and powder of monumental stone increased by 118% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 381% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, monumental stone granules and powder imports soared to $X in 2021. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 303% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Vietnam (X tons) was the main supplier of monumental stone granules and powder to China, with a 94% share of total imports. Moreover, monumental stone granules and powder imports from Vietnam exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +354.3%.

In value terms, Vietnam ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to China, comprising 74% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled +330.0%.

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, declining by -19% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 130%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Vietnam stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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