Vietnam: Marble Building Stone Market 2025

Marble Building Stone Market Size in Vietnam

In 2021, after two years of growth, there was significant decline in the Vietnamese marble building stone market, when its value decreased by -28.3% to $X. Over the period under review, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Marble building stone consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Marble Building Stone Production in Vietnam

In value terms, marble building stone production contracted to $X in 2021 estimated in export price. Overall, production, however, posted a prominent increase. The growth pace was the most rapid in 2016 with an increase of 308% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Marble Building Stone Exports

Exports from Vietnam

For the fourth consecutive year, Vietnam recorded growth in shipments abroad of marble building stone, which increased by 23% to X tons in 2021. Overall, exports saw a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 40%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, marble building stone exports surged to $X in 2021. In general, exports recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 52%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

India (X tons), the United States (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of marble building stone exports from Vietnam, together comprising 40% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for marble building stone exported from Vietnam worldwide, together accounting for 41% of total exports.

Among the main countries of destination, Lao People's Democratic Republic, with a CAGR of +39.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average marble building stone export price amounted to $X per ton, rising by 9.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 17%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Vietnam

In 2021, the amount of marble building stone imported into Vietnam declined dramatically to X tons, with a decrease of -16.1% against the previous year's figure. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 180% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, marble building stone imports shrank to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 171% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main marble building stone supplier to Vietnam, accounting for a 93% share of total imports. It was followed by India (X tons), with a 1.8% share of total imports. The third position in this ranking was held by Turkey (X tons), with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.1% per year) and Turkey (-26.1% per year).

In value terms, China ($X) constituted the largest supplier of marble building stone to Vietnam, comprising 94% of total imports. The second position in the ranking was taken by India ($X), with a 1.8% share of total imports. It was followed by Turkey, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+27.9% per year) and Turkey (-23.4% per year).

Import Prices by Country

The average marble building stone import price stood at $X per ton in 2021, increasing by 2% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble building stone import price increased by +63.4% against 2015 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 27%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Spain ($X per ton), while the price for Indonesia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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