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

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

In 2021, after four years of growth, there was significant decline in the Vietnamese marble granules and powder market, when its value decreased by -52.7% to $X. Over the period under review, consumption saw a abrupt curtailment. Marble granules and powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Marble in Vietnam

In value terms, marble granules and powder production shrank notably to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 88%. As a result, production attained the peak level of $X, and then contracted rapidly in the following year.

Exports of Granules, Chippings And Powder Of Marble

Exports from Vietnam

In 2021, approx. X tons of granules, chippings and powder of marble were exported from Vietnam; jumping by 26% against 2020 figures. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 621% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, marble granules and powder exports skyrocketed to $X in 2021. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 804%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X tons) was the main destination for marble granules and powder exports from Vietnam, with a 60% share of total exports. Moreover, marble granules and powder exports to India exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sevenfold. Japan (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +141.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+94.7% per year) and Japan (+106.1% per year).

In value terms, India ($X) remains the key foreign market for granules, chippings and powder of marble exports from Vietnam, comprising 61% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.6% share of total exports. It was followed by Japan, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +144.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+114.3% per year) and Japan (+106.1% per year).

Export Prices by Country

In 2021, the average marble granules and powder export price amounted to $X per ton, rising by 5.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 25% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Brunei Darussalam ($X per ton) and India ($X per ton), while the average price for exports to Bangladesh ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Marble

Imports into Vietnam

In 2021, approx. X tons of granules, chippings and powder of marble were imported into Vietnam; shrinking by -41.5% compared with 2020 figures. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 8,964%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, marble granules and powder imports reduced remarkably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 9,736% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of marble granules and powder to Vietnam, with a 44% share of total imports. Moreover, marble granules and powder imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +35.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.7% per year) and Turkey (+6.2% per year).

In value terms, Italy ($X) constituted the largest supplier of granules, chippings and powder of marble to Vietnam, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Greece, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.2% per year) and Greece (-68.6% per year).

Import Prices by Country

In 2021, the average marble granules and powder import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of 15%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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