South-Eastern Asia: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in South-Eastern Asia

The Southeast Asian market for granules, chippings and powder of monumental stone was estimated at $X in 2021, surging by 7.4% against the previous year. Over the period under review, consumption, however, showed a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in South-Eastern Asia

In value terms, monumental stone granules and powder production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 6.1% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in South-Eastern Asia

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -63% to X tons, falling for the fourth year in a row after three years of growth. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2015 when exports increased by 133%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports dropped rapidly to $X in 2021. In general, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2015 with an increase of 598%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) and Vietnam (X tons) represented roughly 78% of total exports in 2021. It was distantly followed by Thailand (X tons), comprising a 20% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +117.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) remains the largest monumental stone granules and powder supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total exports.

In Vietnam, monumental stone granules and powder exports increased at an average annual rate of +2.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-7.9% per year) and Thailand (+62.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, with a decrease of -26.9% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2015 when the export price increased by 200%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+7.7%), while the other leaders experienced a decline in the export price figures.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in South-Eastern Asia

In 2021, the amount of granules, chippings and powder of monumental stone imported in South-Eastern Asia soared to X tons, rising by 334% compared with 2020 figures. Overall, imports, however, recorded a abrupt decline. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports expanded to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 65%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Singapore was the key importing country with an import of about X tons, which amounted to 75% of total imports. It was distantly followed by Indonesia (X tons), making up a 16% share of total imports. Thailand (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to monumental stone granules and powder imports into Singapore stood at -15.9%. At the same time, Indonesia (+23.3%) and Thailand (+9.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +23.3% from 2012-2021. By contrast, Vietnam (-11.0%) illustrated a downward trend over the same period. While the share of Indonesia (+16 p.p.) and Thailand (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-14.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest monumental stone granules and powder importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Vietnam ($X), together accounting for 71% of total imports.

Among the main importing countries, Indonesia, with a CAGR of +5.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, declining by -75.9% against the previous year. Over the period under review, the import price, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2020 when the import price increased by 317% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($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 (-2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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