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

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

In 2021, the Indonesian market for granules, chippings and powder of monumental stone was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Indonesia

In value terms, monumental stone granules and powder production totaled $X in 2021 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Monumental stone granules and powder production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Indonesia

In 2021, shipments abroad of granules, chippings and powder of monumental stone decreased by -56.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2016 when exports increased by 196% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports fell markedly to $X in 2021. Overall, exports faced a precipitous descent. The growth pace was the most rapid in 2016 when exports increased by 335% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for monumental stone granules and powder exports from Indonesia, accounting for a 40% share of total exports. Moreover, monumental stone granules and powder exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+13.2% per year) and South Korea (+25.4% per year).

In value terms, the United States ($X) remains the key foreign market for granules, chippings and powder of monumental stone exports from Indonesia, comprising 36% of total exports. The second position in the ranking was taken by Australia ($X), with a 14% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +66.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+28.6% per year) and South Korea (+50.7% per year).

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, jumping by 37% against the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 147%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and the UK ($X per ton), while the average price for exports to Lithuania ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Indonesia

In 2021, approx. X tons of granules, chippings and powder of monumental stone were imported into Indonesia; with an increase of 40% on 2020. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 358% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, monumental stone granules and powder imports expanded remarkably to $X in 2021. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 546% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of monumental stone granules and powder to Indonesia, with a 65% share of total imports. Moreover, monumental stone granules and powder imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+125.6% per year) and South Korea (-3.3% per year).

In value terms, the largest monumental stone granules and powder suppliers to Indonesia were China ($X), Malaysia ($X) and South Korea ($X), with a combined 82% share of total imports.

Malaysia, with a CAGR of +67.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, declining by -21.4% against the previous year. In general, the import price faced a abrupt slump. The growth pace was the most rapid in 2014 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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