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

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

In 2021, after two years of growth, there was decline in the East Asian market for granules, chippings and powder of monumental stone, when its value decreased by -0.7% to $X. Over the period under review, consumption, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the market value increased by 3.6%. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, monumental stone granules and powder production dropped modestly to $X in 2021 estimated in export price. Overall, production saw a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 1.7% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Eastern Asia

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -60.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, enjoyed tangible growth. The growth pace was the most rapid in 2019 when exports increased by 95% against the previous year. The volume of export peaked at X tons in 2020, and then shrank sharply in the following year.

In value terms, monumental stone granules and powder exports fell remarkably to $X in 2021. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2019 when exports increased by 121% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then fell significantly in the following year.

Exports by Country

The biggest shipments were from China (X tons), together recording 100% of total export.

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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest monumental stone granules and powder supplier in Eastern Asia.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, jumping by 31% against the previous year. Over the period under review, the export price showed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Eastern Asia

In 2021, the amount of granules, chippings and powder of monumental stone imported in Eastern Asia declined to X tons, waning by -7.9% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 106% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, monumental stone granules and powder imports reduced rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by 123%. The level of import peaked at $X in 2020, and then fell remarkably in the following year.

Imports by Country

Taiwan (Chinese) was the major importing country with an import of about X tons, which finished at 65% of total imports. Macao SAR (X tons) ranks second in terms of the total imports with a 23% share, followed by China (10%). Hong Kong SAR (X tons) held a minor 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 Eastern Asia, with a CAGR of +92.0% from 2012-2021. Macao SAR (+12 p.p.), China (+9.5 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 -23.5% from 2012 to 2021, respectively.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 22% share of total imports. It was followed by Macao SAR, with a 14% share.

In Hong Kong SAR, monumental stone granules and powder imports increased 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

The import price in Eastern Asia stood at $X per ton in 2021, which is down by -51.5% against the previous year. Overall, the import price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when the import price increased by 182%. The level of import peaked at $X per ton in 2020, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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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