Japan: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Japan

In 2021, the Japanese calcareous building stone market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption faced a abrupt decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Calcareous Building Stone Production in Japan

In value terms, calcareous building stone production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 62% against the previous year. Calcareous building stone production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Calcareous Building Stone Exports

Exports from Japan

In 2021, overseas shipments of calcareous building stone decreased by -10% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 341% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, calcareous building stone exports contracted remarkably to $X in 2021. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 235% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for calcareous building stone exports from Japan, with a 76% share of total exports. Moreover, calcareous building stone exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Canada (X kg), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+40.5% per year) and Canada (0.0% per year).

In value terms, the largest markets for calcareous building stone exported from Japan were China ($X), Taiwan (Chinese) ($X) and Singapore ($X), together comprising 98% of total exports.

Taiwan (Chinese), with a CAGR of +43.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average calcareous building stone export price stood at $X per ton in 2021, with a decrease of -33.3% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 218% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 Singapore (+23.5%), while the prices for the other major destinations experienced mixed trend patterns.

Calcareous Building Stone Imports

Imports into Japan

In 2021, calcareous building stone imports into Japan contracted sharply to X tons, which is down by -22.1% against the previous year's figure. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 214% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, calcareous building stone imports fell notably to $X in 2021. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 250%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), China (X tons) and the Philippines (X tons) were the main suppliers of calcareous building stone imports to Japan, together comprising 50% of total imports. These countries were followed by India, Vietnam, Portugal, Indonesia, the UK, Turkey and France, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +4.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of calcareous building stone to Japan, comprising 29% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Portugal, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.6% per year) and Portugal (-14.4% per year).

Import Prices by Country

The average calcareous building stone import price stood at $X per ton in 2021, waning by -3.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 11%. The import price peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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