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

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

The Singaporean marble granules and powder market expanded significantly to $X in 2021, increasing by 7.9% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Marble granules and powder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Marble in Singapore

In value terms, marble granules and powder production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports from Singapore

In 2021, the amount of granules, chippings and powder of marble exported from Singapore shrank remarkably to X tons, dropping by -24% compared with the previous year. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 212%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, marble granules and powder exports reduced notably to $X in 2021. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 158%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons) was the main destination for marble granules and powder exports from Singapore, with a 39% share of total exports. Moreover, marble granules and powder exports to Papua New Guinea exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea stood at -20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+13.2% per year) and Indonesia (+12.7% per year).

In value terms, Papua New Guinea ($X) remains the key foreign market for granules, chippings and powder of marble exports from Singapore, comprising 40% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with an 18% share of total exports. It was followed by Indonesia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Papua New Guinea stood at -24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+16.8% per year) and Indonesia (+8.7% per year).

Export Prices by Country

The average marble granules and powder export price stood at $X per ton in 2021, with a decrease of -21.1% against the previous year. Over the period under review, the export price showed a deep setback. The growth pace was the most rapid in 2018 an increase of 80% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to New Zealand ($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 China (+701.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Marble

Imports into Singapore

In 2021, approx. X tons of granules, chippings and powder of marble were imported into Singapore; with an increase of 157% compared with the previous year. Over the period under review, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 244%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, marble granules and powder imports soared to $X in 2021. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 125% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Vietnam (X tons) and New Zealand (X tons) were the main suppliers of marble granules and powder imports to Singapore, together accounting for 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +448.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marble granules and powder suppliers to Singapore were India ($X), New Zealand ($X) and Italy ($X), with a combined 65% share of total imports. These countries were followed by Vietnam, Germany, China, South Korea and Taiwan (Chinese), which together accounted for a further 31%.

Vietnam, with a CAGR of +468.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, shrinking by -16.8% against the previous year. Over the period under review, the import price, however, saw a modest increase. The pace of growth appeared the most rapid in 2018 an increase of 100% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Italy (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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