Malaysia: Market for Granules, Chippings And Powder Of Marble 2024

Market Size for Granules, Chippings And Powder Of Marble in Malaysia

The Malaysian marble granules and powder market reached $X in 2021, picking up by 11% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.3% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in Malaysia

In value terms, marble granules and powder production amounted to $X in 2021 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -23.1% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 39% against the previous year. Marble granules and powder production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports from Malaysia

In 2021, overseas shipments of granules, chippings and powder of marble decreased by -18.9% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 997%. The exports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, marble granules and powder exports reduced sharply to $X in 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 582% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then dropped sharply in the following year.

Exports by Country

Indonesia (X tons) was the main destination for marble granules and powder exports from Malaysia, accounting for a 93% share of total exports. Moreover, marble granules and powder exports to Indonesia exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at +30.1%.

In value terms, Indonesia ($X) remains the key foreign market for granules, chippings and powder of marble exports from Malaysia, comprising 80% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at +34.5%.

Export Prices by Country

The average marble granules and powder export price stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Marble

Imports into Malaysia

Marble granules and powder imports into Malaysia dropped to X tons in 2021, remaining stable against the previous year's figure. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 253%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, marble granules and powder imports dropped sharply to $X in 2021. Over the period under review, imports, however, recorded a mild increase. The pace of growth was the most pronounced in 2018 when imports increased by 247% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), Turkey (X tons) and Vietnam (X tons) were the main suppliers of marble granules and powder imports to Malaysia, together accounting for 74% of total imports. China, Germany, Italy, South Africa, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +29.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of granules, chippings and powder of marble to Malaysia, comprising 46% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.6% per year) and Germany (+23.7% per year).

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, dropping by -18.9% against the previous year. Overall, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 81%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped notably in the following year.

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 Germany ($X per ton), while the price for Vietnam ($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) (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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