China - Granite Building Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Granite Building Stone Export Declines Modestly to 284K Tons in September 2022
China Granite Building Stone Exports
In September 2022, shipments abroad of granite building stone decreased by -8.5% to 284K tons, falling for the fourth consecutive month after three months of growth. In general, exports saw a pronounced reduction. The growth pace was the most rapid in March 2022 when exports increased by 107% m-o-m. The exports peaked at 386K tons in May 2022; however, from June 2022 to September 2022, the exports failed to regain momentum.
In value terms, granite building stone exports reached $322M (IndexBox estimates) in September 2022. Overall, total exports indicated mild growth from January 2022 to September 2022: its value increased at an average monthly rate of +1.6% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports increased by +5.4% against July 2022 indices. The pace of growth appeared the most rapid in March 2022 with an increase of 155% m-o-m. Over the period under review, the exports reached the maximum at 343K tons in May 2022; however, from June 2022 to September 2022, the exports stood at a somewhat lower figure.
Exports by Country
South Korea (123K tons) was the main destination for granite building stone exports from China, accounting for a 43% share of total exports. Moreover, granite building stone exports to South Korea exceeded the volume sent to the second major destination, Japan (27K tons), fivefold. The United States (15K tons) ranked third in terms of total exports with a 5.4% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume to South Korea stood at -2.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-2.9% per month) and the United States (-1.6% per month).
In value terms, South Korea ($170M) remains the key foreign market for granite building stone exports from China, comprising 53% of total exports. The second position in the ranking was taken by Japan ($30M), with a 9.2% share of total exports. It was followed by the United States, with a 6.8% share.
From January 2022 to September 2022, the average monthly growth rate of value to South Korea totaled +2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-1.9% per month) and the United States (+2.3% per month).
Export Prices by Country
In September 2022, the granite building stone price amounted to $1,133 per ton (FOB, China), picking up by 9.9% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +3.8%. The pace of growth was the most pronounced in March 2022 an increase of 24% m-o-m. The export price peaked in September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($1,850 per ton), while the average price for exports to Germany ($349 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Granite Building Stone Market Overview
The granite building stone market in China is growing rapidly. This is due to a number of factors, including the increasing urbanization of the country, the rise in disposable incomes, and the increasing preference for quality construction materials.
There is a large demand for granite in China, as it is seen as a premium construction material. It is widely used in both residential and commercial projects. Granite is durable, low maintenance, and has a high aesthetic value. These properties make it an ideal material for use in construction projects in China.
The granite building stone market in China is expected to grow at a moderate pace in the coming years. This growth will be driven by the continued urbanization of the country and the rising disposable incomes of the population. This will create opportunities for businesses that are involved in the quarrying, processing, and distribution of this material.
This report provides an in-depth analysis of the granite building stone market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
