Report Update Nov 1, 2024

Philippines - Granite Blocks and Slabs - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Granite Block Market 2024

Granite Block Market Size in the Philippines

The Philippine granite block market shrank significantly to $X in 2022, which is down by -86.2% 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). In general, consumption showed a precipitous descent. Granite block consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Granite Block Exports

Exports from the Philippines

In 2022, granite block exports from the Philippines stood at X tons, growing by 1.9% against the previous year. Overall, exports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 7.7% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, granite block exports dropped to $X in 2022. Over the period under review, exports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 10%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for granite block exports from the Philippines, accounting for a approx. 65% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -36.5%.

In value terms, the Netherlands ($X) also remains the key foreign market for granite blocks and slabs exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to -27.2%.

Export Prices by Country

In 2022, the average granite block export price amounted to $X per ton, falling by -1.9% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +14.6% per year.

Granite Block Imports

Imports into the Philippines

In 2022, the amount of granite blocks and slabs imported into the Philippines fell rapidly to X tons, with a decrease of -76.8% on the previous year. Over the period under review, imports showed a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 315%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, granite block imports fell notably to $X in 2022. In general, imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of 185% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Hong Kong SAR (X tons) and China (X tons) were the main suppliers of granite block imports to the Philippines, together accounting for 92% of total imports. South Korea, the United States and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 7.8%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +27.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X) constituted the largest supplier of granite blocks and slabs to the Philippines, comprising 77% of total imports. The second position in the ranking was held by India ($X), with a 9.7% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Hong Kong SAR stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-30.9% per year) and China (-47.2% per year).

Import Prices by Country

The average granite block import price stood at $X per ton in 2022, falling by -54.3% against the previous year. Overall, the import price, however, saw a measured expansion. The pace of growth appeared the most rapid in 2020 an increase of 83% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for granite blocks and slabs in the world?

The countries with the highest volumes of granite block consumption in 2020 were China, the United States and India, together accounting for 38% of global consumption.

What are the largest producers of granite blocks and slabs in the world?

The countries with the highest volumes of granite block production in 2020 were India, Brazil and China, together comprising 38% of global production. The United States, Italy, Japan, Russia, Pakistan, Turkey, Spain, Mexico, Portugal and Iran lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of granite blocks and slabs to the Philippines?

In value terms, Hong Kong SAR, China and India appeared to be the largest granite block suppliers to the Philippines, with a combined 96% share of total imports.

What are the leading importers of granite blocks and slabs from the Philippines?

In value terms, the Netherlands remains the key foreign market for granite block exports from the Philippines.

What is the average export price for granite blocks and slabs in the Philippines?

In 2020, the average granite block export price amounted to $463 per ton, surging by 3.7% against the previous year.

What is the average import price for granite blocks and slabs in the Philippines?

The average granite block import price stood at $806 per ton in 2020, waning by -11.9% against the previous year.

This report provides an in-depth analysis of the granite block market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111236 - Granite merely cut into rectangular (including square) blocks or slabs

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023