Report Update Nov 1, 2024

Hong Kong SAR, China - Granite Building Stone - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Granite Building Stone Market 2024

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) :

What are the largest markets for granite building stone in the world?

The countries with the highest volumes of in 2021 were China, South Korea and the United States, with a combined 49% share of global consumption.

What are the largest producers of granite building stone in the world?

The country with the largest volume of granite building stone production was China, comprising approx. 46% of total volume. Moreover, granite building stone production in China exceeded the figures recorded by the second-largest producer, India, threefold. Brazil ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of granite building stone to Hong Kong SAR, China?

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

What are the leading importers of granite building stone from Hong Kong SAR, China?

In value terms, the largest markets for granite building stone exported from Hong Kong SAR were the UK, Denmark and Australia, together comprising 79% of total exports.

What is the average export price for granite building stone in Hong Kong SAR, China?

In 2021, the average granite building stone export price amounted to $937 per ton, waning by -13.3% against the previous year.

What is the average import price for granite building stone in Hong Kong SAR, China?

The average granite building stone import price stood at $559 per ton in 2021, growing by 13% against the previous year.

This report provides an in-depth analysis of the granite building stone market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023