Japan: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Japan

The Japanese market for granite, sandstone and other building stone stood at less than $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption recorded a relatively flat trend pattern.

Production of Granite, Sandstone And Other Building Stone in Japan

In value terms, production of granite, sandstone and other building stone expanded modestly to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 9.2% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Japan

In 2021, exports of granite, sandstone and other building stone from Japan fell to X tons, reducing by -3.2% compared with the year before. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 6.6%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone expanded to $X in 2021. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by 10% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of granite, sandstone and other building stone from Japan, with a 238% share of total exports. It was followed by Vietnam (X tons), with a 5.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) remains the key foreign market for granite, sandstone and other building stone exports from Japan, comprising 227% of total exports. The second position in the ranking was held by Vietnam ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +1.9%.

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, growing by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2019 an increase of 15%. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.8%).

Imports of Granite, Sandstone And Other Building Stone

Imports into Japan

In 2021, supplies from abroad of granite, sandstone and other building stone decreased by -6.9% to X tons, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2013 with an increase of 19%. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone totaled $X in 2021. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 22%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Canada (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Japan.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +12.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone suppliers to Japan were China ($X), India ($X) and Norway ($X), with a combined 99% share of total imports. These countries were followed by Zimbabwe, Canada, Greece, Uruguay, Italy, South Korea, the United States, Argentina and Brazil, which together accounted for a further 33%.

In terms of the main suppliers, Argentina, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, surging by 20% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for granite, sandstone and other building stone increased by +102.3% against 2014 indices. The growth pace was the most rapid in 2015 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Uruguay ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :