Eastern Asia: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Eastern Asia

The East Asian calcareous building stone market fell modestly to $X in 2021, flattening at the previous year. In general, consumption, however, continues to indicate a mild setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Calcareous Building Stone Production in Eastern Asia

In value terms, calcareous building stone production declined slightly to $X in 2021 estimated in export price. Overall, production, however, showed a slight slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Calcareous Building Stone Exports

Exports in Eastern Asia

In 2021, the amount of calcareous building stone exported in Eastern Asia shrank dramatically to X tons, waning by -45.8% against the previous year's figure. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 104%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcareous building stone exports contracted rapidly to $X in 2021. Over the period under review, exports recorded a slight setback. The most prominent rate of growth was recorded in 2020 when exports increased by 117% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 91% of total exports in 2021. Japan (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to calcareous building stone exports from China stood at -9.9%. South Korea (-2.6%), Japan (-8.8%) and Taiwan (Chinese) (-10.7%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest calcareous building stone supplier in Eastern Asia, comprising 90% of total exports. The second position in the ranking was taken by South Korea ($X), with a 4.5% share of total exports. It was followed by Taiwan (Chinese), with a 3.2% share.

In China, calcareous building stone exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+12.6% per year) and Taiwan (Chinese) (+2.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with a decrease of -19.6% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 264% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+15.6%), while the other leaders experienced more modest paces of growth.

Calcareous Building Stone Imports

Imports in Eastern Asia

In 2021, the amount of calcareous building stone imported in Eastern Asia totaled X tons, rising by 14% on 2020 figures. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 205%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, calcareous building stone imports soared to $X in 2021. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 147% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

China prevails in imports structure, resulting at X tons, which was approx. 96% of total imports in 2021. Taiwan (Chinese) (X tons) held a little share of total imports.

China was also the fastest-growing in terms of the calcareous building stone imports, with a CAGR of +7.7% from 2012 to 2021. Taiwan (Chinese) (-7.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +6.7 percentage points.

In value terms, China ($X) constitutes the largest market for imported calcareous building stone in Eastern Asia, comprising 96% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value in China stood at +11.5%.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2016 an increase of 28%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :