Thailand: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Thailand

In 2021, the Thai market for granules, chippings and powder of monumental stone decreased by -3.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption saw a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 3.6% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Monumental Stone in Thailand

In value terms, monumental stone granules and powder production dropped slightly to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 4% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Thailand

For the third year in a row, Thailand recorded growth in overseas shipments of granules, chippings and powder of monumental stone, which increased by 162% to X tons in 2021. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 12,133% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, monumental stone granules and powder exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 4,410% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons) was the main destination for monumental stone granules and powder exports from Thailand, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +206.6%.

In value terms, Singapore ($X) also remains the key foreign market for granules, chippings and powder of monumental stone exports from Thailand.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +131.2%.

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, declining by -47.7% against the previous year. In general, the export price faced a dramatic decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2021, the rate of growth in terms of prices for Myanmar amounted to -4.4% per year.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Thailand

In 2021, after two years of decline, there was significant growth in supplies from abroad of granules, chippings and powder of monumental stone, when their volume increased by 103% to X tons. Over the period under review, imports continue to indicate a remarkable increase. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports soared to $X in 2021. In general, imports continue to indicate a tangible expansion. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main monumental stone granules and powder supplier to Thailand, with a 90% share of total imports. It was followed by France (X tons), with a 2.2% share of total imports. The third position in this ranking was taken by Indonesia (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.7% per year) and Indonesia (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to Thailand, comprising 70% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by France, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.2% per year) and France (+10.3% per year).

Import Prices by Country

In 2021, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, declining by -22.1% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 82% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Japan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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