Report Update Jan 1, 2025

Philippines - Granite (Crude) - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Crude Granite Market 2025

Crude Granite Market Size in the Philippines

The Philippine crude granite market was estimated at $X in 2022, picking up by 2.8% against the previous year. Over the period under review, consumption enjoyed a mild increase. Crude granite consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Crude Granite Production in the Philippines

In value terms, crude granite production stood at less than $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern.

Crude Granite Exports

Exports from the Philippines

In 2021, shipments abroad of granite (crude) was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, showed a significant curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 34%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, crude granite exports surged to $X in 2021. Overall, exports, however, saw a dramatic setback. The pace of growth was the most pronounced in 2015 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for crude granite exports from the Philippines, with a 99% share of total exports. It was followed by South Korea (X kg), with a 0.7% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -33.2%.

In value terms, China ($X) remains the key foreign market for granite (crude) exports from the Philippines, comprising 99% of total exports. The second position in the ranking was taken by South Korea ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -30.0%.

Export Prices by Country

The average crude granite export price stood at $X per ton in 2021, rising by 3.5% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude granite export price decreased by -7.4% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 68%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a 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 South Korea ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.2%).

Crude Granite Imports

Imports into the Philippines

In 2021, approx. X tons of granite (crude) were imported into the Philippines; increasing by 44% compared with the previous year. In general, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 150% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, crude granite imports soared to $X in 2021. Over the period under review, imports saw slight growth. The pace of growth was the most pronounced in 2017 when imports increased by 159%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa (X tons) and China (X tons) were the main suppliers of crude granite imports to the Philippines.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +11.1%).

In value terms, South Africa ($X) and China ($X) were the largest crude granite suppliers to the Philippines.

China, with a CAGR of +48.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average crude granite import price amounted to $X per ton, falling by -6.5% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude granite import price increased by +64.8% against 2013 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Africa amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+33.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for granite (crude) in the world?

The countries with the highest volumes of in 2021 were Ukraine, China and the United States, with a combined 38% share of global consumption. These countries were followed by India, Indonesia, Japan, Pakistan, Nigeria, Brazil, the UK, Mexico, Poland and South Korea, which together accounted for a further 31%.

What are the largest producers of granite (crude) in the world?

The countries with the highest volumes of in 2021 were Ukraine, China and India, together accounting for 39% of global production.

What are the leading suppliers of granite (crude) to the Philippines?

In value terms, South Africa constituted the largest supplier of crude granite to the Philippines, comprising 87% of total imports. The second position in the ranking was occupied by China, with a 12% share of total imports.

What are the leading importers of granite (crude) from the Philippines?

In value terms, China remains the key foreign market for crude granite exports from the Philippines.

What is the average export price for granite (crude) in the Philippines?

The average crude granite export price stood at $588 per ton in 2021, rising by 3.5% against the previous year.

What is the average import price for granite (crude) in the Philippines?

In 2021, the average crude granite import price amounted to $314 per ton, declining by -11% against the previous year.

This report provides an in-depth analysis of the crude granite 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 08111233 - Granite, crude or roughly trimmed

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024