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

Market Size for Granules, Chippings And Powder Of Marble in the Philippines

The Philippine marble granules and powder market amounted to $X in 2021, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 -0.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in the Philippines

In value terms, marble granules and powder production reduced slightly to $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +89.6% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 52%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Granules, Chippings And Powder Of Marble

Exports from the Philippines

In 2021, approx. X tons of granules, chippings and powder of marble were exported from the Philippines; declining by -31.3% compared with 2020. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2020 when exports increased by 358% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, marble granules and powder exports reduced markedly to $X in 2021. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 614% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Brunei Darussalam (X tons) was the main destination for marble granules and powder exports from the Philippines, accounting for a 75% share of total exports. Moreover, marble granules and powder exports to Brunei Darussalam exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brunei Darussalam totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+10.4% per year) and Micronesia (+23.2% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for granules, chippings and powder of marble exports from the Philippines, comprising 74% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+14.9% per year) and Micronesia (+25.6% per year).

Export Prices by Country

In 2021, the average marble granules and powder export price amounted to $X per ton, picking up by 2% against the previous year. Overall, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Micronesia ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Taiwan (Chinese) (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Marble

Imports into the Philippines

In 2021, after three years of growth, there was significant decline in purchases abroad of granules, chippings and powder of marble, when their volume decreased by -44.2% to X tons. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 930%. Imports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, marble granules and powder imports contracted significantly to $X in 2021. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 763% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then reduced markedly in the following year.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of marble granules and powder to the Philippines, with a 27% share of total imports. Moreover, marble granules and powder imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Turkey (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria amounted to +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.1% per year) and Turkey (+34.1% per year).

In value terms, Austria ($X), Italy ($X) and Turkey ($X) constituted the largest marble granules and powder suppliers to the Philippines, with a combined 46% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +35.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average marble granules and powder import price amounted to $X per ton, reducing by -1.5% against the previous year. Overall, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 an increase of 24%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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