South-Eastern Asia: Crude Granite Market 2024

Crude Granite Market Size in South-Eastern Asia

The Southeast Asian crude granite market fell rapidly to $X in 2022, with a decrease of -16.1% against the previous year. In general, consumption recorded a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Granite Production in South-Eastern Asia

In value terms, crude granite production declined markedly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 61%. As a result, production attained the peak level of $X, and then fell notably in the following year.

Crude Granite Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of granite (crude) decreased by -8.4% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 110%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude granite exports shrank sharply to $X in 2022. Overall, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2019 with an increase of 88% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons) and Malaysia (X tons) dominates exports structure, together achieving 92% of total exports. It was distantly followed by Vietnam (X tons), generating a 6% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of +37.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X) remains the largest crude granite supplier in South-Eastern Asia, comprising 67% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled -8.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Cambodia (+30.8% per year) and Vietnam (+8.7% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, falling by -13.1% against the previous year. In general, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by 50% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.9%), while the other leaders experienced mixed trends in the export price figures.

Crude Granite Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of granite (crude) were imported in South-Eastern Asia; which is down by -2.6% against 2021. In general, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2016 when imports increased by 512% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crude granite imports fell to $X in 2022. Over the period under review, imports continue to indicate a dramatic descent. The growth pace was the most rapid in 2016 when imports increased by 93%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons), Thailand (X tons) and Singapore (X tons) was the key importer of granite (crude) in South-Eastern Asia, committing 98% of total import.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +23.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported granite (crude) in South-Eastern Asia, comprising 74% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports.

In Vietnam, crude granite imports declined by an average annual rate of -3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (-36.2% per year) and Thailand (-4.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with a decrease of -3.7% against the previous year. Overall, the import price, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when the import price increased by 270%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :