South-Eastern Asia: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in South-Eastern Asia

The Southeast Asian market for granite, sandstone and other building stone fell markedly to $X in 2021, reducing by -28.3% against the previous year. In general, consumption saw a dramatic decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Granite, Sandstone And Other Building Stone in South-Eastern Asia

In value terms, production of granite, sandstone and other building stone contracted markedly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 3,460% against the previous year. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Exports of Granite, Sandstone And Other Building Stone

Exports in South-Eastern Asia

In 2021, shipments abroad of granite, sandstone and other building stone decreased by -31.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, exports of granite, sandstone and other building stone reduced to $X in 2021. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 20% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Malaysia (X tons) was the key exporter of granite, sandstone and other building stone, committing 42% of total exports. Cambodia (X tons) ranks second in terms of the total exports with a 24% share, followed by Vietnam (14%), Indonesia (6.6%) and Lao People's Democratic Republic (6.6%). Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lao People's Democratic Republic (with a CAGR of +89.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone supplying countries in South-Eastern Asia were Malaysia ($X), Lao People's Democratic Republic ($X) and Indonesia ($X), with a combined 64% share of total exports.

Lao People's Democratic Republic, with a CAGR of +99.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+5.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Granite, Sandstone And Other Building Stone

Imports in South-Eastern Asia

In 2021, supplies from abroad of granite, sandstone and other building stone was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 137% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone fell slightly to $X in 2021. In general, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 21% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X tons) and Thailand (X tons) were the major importers of granite, sandstone and other building stone in 2021, finishing at near 38% and 38% of total imports, respectively. It was distantly followed by Singapore (X tons), creating a 16% share of total imports. The following importers - Indonesia (X tons) and Malaysia (X tons) - together made up 5.6% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +0.6%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Vietnam ($X) constitutes the largest market for imported granite, sandstone and other building stone in South-Eastern Asia, comprising 52% of total imports. The second position in the ranking was taken by Thailand ($X), with a 24% share of total imports. It was followed by Singapore, with a 10% share.

In Vietnam, imports of granite, sandstone and other building stone expanded at an average annual rate of +3.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-7.6% per year) and Singapore (-32.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, dropping by -6.3% against the previous year. In general, the import price, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the import price increased by 284%. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Indonesia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+25.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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