Vietnam - Granite Blocks And Slabs - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Vietnam - Granite Blocks And Slabs - Market Analysis, Forecast, Size, Trends And Insights

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Granite Block Price in Vietnam - 2021

Contents:

  1. Granite Block Price in Vietnam (CIF) - 2022
  2. Granite Block Price in Vietnam (FOB) - 2022
  3. Granite Block Imports in Vietnam
  4. Granite Block Exports in Vietnam

Granite Block Price in Vietnam (CIF) - 2022

The average granite block import price stood at $340 per ton in 2022, leveling off at the previous year. Overall, the import price, however, showed a slight increase. The most prominent rate of growth was recorded in 2015 an increase of 20% against the previous year. The import price peaked at $340 per ton in 2019; however, from 2020 to 2022, 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 Pakistan ($447 per ton), while the price for Australia ($204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+48.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Granite Block Price in Vietnam (FOB) - 2022

The average granite block export price stood at $270 per ton in 2022, which is down by -1.6% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, granite block export price increased by +1.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 60%. Over the period under review, the average export prices hit record highs at $288 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,145 per ton), while the average price for exports to Italy ($32 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Block Imports in Vietnam

In 2022, approx. 45K tons of granite blocks and slabs were imported into Vietnam; remaining stable against the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 4.6% against the previous year. As a result, imports attained the peak of 45K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, granite block imports totaled $15M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 4.5%. As a result, imports attained the peak of $15M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Granite Block in Vietnam (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway3.64.22.57.125.4%
India8.78.410.02.0-38.7%
China1.11.11.02.022.1%
Brazil0.10.20.31.0115.4%
Ukraine0.30.40.30.626.0%
Pakistan0.20.20.20.644.2%
Cambodia0.30.30.10.518.6%
AustraliaN/AN/A0.10.2100.0%
Others0.30.40.51.049.4%
Total14.615.315.015.11.1%

Top Suppliers of Granite Block to Vietnam in 2022:

  1. Norway (19.1K tons)
  2. India (8.7K tons)
  3. China (6.1K tons)
  4. Brazil (2.7K tons)
  5. Ukraine (1.7K tons)
  6. Pakistan (1.4K tons)
  7. Cambodia (1.4K tons)
  8. Australia (0.8K tons)

Granite Block Exports in Vietnam

Granite block exports from Vietnam expanded sharply to 250 tons in 2022, with an increase of 11% against 2021 figures. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 59% against the previous year. As a result, the exports reached the peak of 276 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, granite block exports rose markedly to $68K in 2022. The total export value increased at an average annual rate of +10.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 48%. As a result, the exports reached the peak of $74K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Granite Block in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France13.621.615.017.79.2%
Thailand10.09.911.513.29.7%
United Kingdom2.43.96.010.764.6%
India4.66.34.75.45.5%
Sweden1.63.02.43.124.7%
China1.01.72.73.044.2%
Indonesia1.52.51.92.315.3%
United States6.113.93.71.0-45.3%
Japan0.30.31.31.049.4%
Others8.710.512.610.35.8%
Total49.973.761.867.710.7%

Top Export Markets for Granite Block from Vietnam in 2022:

  1. Thailand (121.8 tons)
  2. Sweden (25.9 tons)
  3. United Kingdom (25.2 tons)
  4. France (21.8 tons)
  5. China (17.1 tons)
  6. Japan (6.6 tons)
  7. India (6.2 tons)
  8. Indonesia (5.6 tons)
  9. United States (3.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the granite block market in Vietnam. 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 08111236 - Granite merely cut into rectangular (including square) blocks or slabs

Country coverage:

  • Vietnam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Vietnam
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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