Myanmar: Marble Building Stone Market 2024

Marble Building Stone Market Size in Myanmar

The Myanmar's marble building stone market dropped sharply to $X in 2021, falling by -65.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Marble Building Stone Exports

Exports from Myanmar

In 2021, overseas shipments of marble building stone were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 157% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, marble building stone exports fell to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 204% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for marble building stone exports from Myanmar, with a 94% share of total exports. It was followed by Thailand (X tons), with a 2.4% share of total exports. The third position in this ranking was taken by China (X tons), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +80.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+7.6% per year) and China (+2.9% per year).

In value terms, Japan ($X) emerged as the key foreign market for marble building stone exports from Myanmar, comprising 92% of total exports. The second position in the ranking was taken by Thailand ($X), with a 2.2% share of total exports. It was followed by China, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to Japan amounted to +95.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+8.6% per year) and China (-2.4% per year).

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, declining by -30.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 32%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to China ($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 Cambodia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Myanmar

In 2021, imports of marble building stone into Myanmar fell markedly to X tons, which is down by -28.6% compared with the previous year's figure. Over the period under review, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of 124%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, marble building stone imports dropped sharply to $X in 2021. In general, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2015 when imports increased by 116% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of marble building stone to Myanmar, accounting for a 81% share of total imports. Moreover, marble building stone imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. Indonesia (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+20.1% per year) and Indonesia (-25.2% per year).

In value terms, China ($X) constituted the largest supplier of marble building stone to Myanmar, comprising 71% of total imports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total imports. It was followed by Indonesia, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+21.9% per year) and Indonesia (-31.3% per year).

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, reducing by -14.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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