Eastern Asia: Market for Granules, Chippings And Powder Of Marble 2024

Market Size for Granules, Chippings And Powder Of Marble in Eastern Asia

The East Asian marble granules and powder market totaled $X in 2021, with an increase of 1.8% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.4% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in Eastern Asia

In value terms, marble granules and powder production expanded modestly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.0% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 18%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Marble

Exports in Eastern Asia

In 2021, the amount of granules, chippings and powder of marble exported in Eastern Asia shrank dramatically to X tons, waning by -56.7% against the year before. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 383% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble granules and powder exports declined to $X in 2021. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 398%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which recorded 83% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), comprising a 16% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to marble granules and powder exports from China stood at -3.5%. At the same time, Taiwan (Chinese) (+8.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.3% from 2012-2021. While the share of Taiwan (Chinese) (+9.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-7.8 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest marble granules and powder supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 13% share of total exports.

In China, marble granules and powder exports increased at an average annual rate of +12.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 110% against the previous year. In general, the export price recorded a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.1%).

Imports of Granules, Chippings And Powder Of Marble

Imports in Eastern Asia

In 2021, purchases abroad of granules, chippings and powder of marble decreased by -45.6% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 290% against the previous year. The volume of import peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, marble granules and powder imports declined notably to $X in 2021. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 123%. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

The countries with the highest levels of marble granules and powder imports in 2021 were Hong Kong SAR (X tons), China (X tons) and South Korea (X tons), together reaching 84% of total import. It was distantly followed by Japan (X tons), committing a 12% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hong Kong SAR (with a CAGR of +86.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marble granules and powder importing markets in Eastern Asia were South Korea ($X), China ($X) and Hong Kong SAR ($X), together accounting for 79% of total imports.

Hong Kong SAR, with a CAGR of +57.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 27% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2020 when the import price increased by 42% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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