Hong Kong SAR, China: Granite Building Stone Market 2025

Granite Building Stone Market Size in Hong Kong SAR, China

In 2021, after two years of decline, there was growth in the Hong Kong granite building stone market, when its value increased by 0.4% to $X. Over the period under review, consumption continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Granite Building Stone Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of granite building stone were exported from Hong Kong SAR; picking up by 11% compared with 2020 figures. Over the period under review, exports, however, saw a sharp decline. The growth pace was the most rapid in 2013 with an increase of 85%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, granite building stone exports shrank markedly to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 777% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for granite building stone exports from Hong Kong SAR, with a 86% share of total exports. Moreover, granite building stone exports to China exceeded the volume sent to the second major destination, France (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+31.8% per year) and the United States (-22.6% per year).

In value terms, China ($X) remains the key foreign market for granite building stone exports from Hong Kong SAR, comprising 52% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.6% per year) and Germany (+24.5% per year).

Export Prices by Country

The average granite building stone export price stood at $X per ton in 2021, declining by -23.9% against the previous year. In general, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2019 an increase of 454% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 Germany (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Building Stone Imports

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of granite building stone, which decreased by -17.3% to X tons in 2021. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2015 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, granite building stone imports rose sharply to $X in 2021. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 29%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main granite building stone supplier to Hong Kong SAR, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -12.1%.

In value terms, China ($X) constituted the largest supplier of granite building stone to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China amounted to -8.4%.

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, jumping by 29% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.3%. The pace of growth was the most pronounced in 2014 when the average import price increased by 39%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, 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 +4.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :