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

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

The Japanese market for granules, chippings and powder of monumental stone shrank to $X in 2021, approximately mirroring the previous year. Overall, consumption showed a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the market value increased by 1.6% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

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

In value terms, monumental stone granules and powder production fell to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of 1.6% against the previous year. Monumental stone granules and powder production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Japan

In 2021, approx. X tons of granules, chippings and powder of monumental stone were exported from Japan; approximately equating the previous year. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 192% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports fell markedly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 36%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for monumental stone granules and powder exports from Japan, with a 48% share of total exports. Moreover, monumental stone granules and powder exports to South Korea exceeded the volume sent to the second major destination, Guam (X tons), threefold. China (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guam (+28.8% per year) and China (-3.1% per year).

In value terms, South Korea ($X), Guam ($X) and China ($X) constituted the largest markets for monumental stone granules and powder exported from Japan worldwide, with a combined 68% share of total exports. Hong Kong SAR, Taiwan (Chinese), Vietnam, Australia, the Philippines, India, Indonesia and the Netherlands lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Vietnam, with a CAGR of +26.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, dropping by -17.9% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 an increase of 99%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 India (+4.3%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Japan

In 2021, overseas purchases of granules, chippings and powder of monumental stone increased by 2.9% to X tons, rising for the third consecutive year after four years of decline. Over the period under review, imports recorded slight growth. The growth pace was the most rapid in 2014 when imports increased by 83% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, monumental stone granules and powder imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and the Philippines (X tons) were the main suppliers of monumental stone granules and powder imports to Japan, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +75.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Vietnam ($X) and the Philippines ($X) appeared to be the largest monumental stone granules and powder suppliers to Japan, together comprising 91% of total imports.

Vietnam, with a CAGR of +76.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 40%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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