Hong Kong SAR, China - Marble Building Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMarble Building Stone Price in Hong Kong SAR - 2023
Contents:
- Marble Building Stone Price in Hong Kong SAR (CIF) - 2023
- Marble Building Stone Price in Hong Kong SAR (FOB) - 2022
- Marble Building Stone Imports in Hong Kong SAR
- Marble Building Stone Exports in Hong Kong SAR
Marble Building Stone Price in Hong Kong SAR (CIF) - 2023
The average marble building stone import price stood at $820 per ton in June 2023, with an increase of 35% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The import price peaked at $830 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +1.2% per month.
Marble Building Stone Price in Hong Kong SAR (FOB) - 2022
In 2022, the average marble building stone export price amounted to $1,497 per ton, falling by -30.2% against the previous year. In general, the export price, however, showed a notable increase. The pace of growth was the most pronounced in 2019 an increase of 114% against the previous year. As a result, the export price attained the peak level of $2,570 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,832 per ton), while the average price for exports to China ($636 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 South Korea (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Marble Building Stone Imports in Hong Kong SAR
In 2022, approx. 41K tons of marble building stone were imported into Hong Kong SAR; declining by -19.5% compared with 2021. In general, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 15%.
In value terms, marble building stone imports shrank markedly to $27M in 2022. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year.
| Import of Marble Building Stone in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 34.7 | 22.5 | 25.3 | 20.3 | -16.4% |
| Italy | 7.1 | 4.0 | 5.0 | 4.3 | -15.4% |
| Others | 4.5 | 2.0 | 1.9 | 2.3 | -20.0% |
| Total | 46.3 | 28.6 | 32.2 | 27.0 | -16.5% |
Top Suppliers of Marble Building Stone to Hong Kong SAR in 2022:
- China (39.5K tons)
- Italy (0.8K tons)
Marble Building Stone Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of marble building stone, which decreased by -13.1% to 1.1K tons in 2022. In general, exports recorded a dramatic slump.
In value terms, marble building stone exports reduced sharply to $1.7M in 2022. Over the period under review, exports faced a sharp setback. The smallest decline of -23.8% was in 2021.
| Export of Marble Building Stone in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,298 | 1,525 | 738 | 559 | -44.7% |
| Malaysia | 297 | 270 | 426 | 249 | -5.7% |
| South Korea | 1,777 | 328 | 385 | 190 | -52.5% |
| Australia | 838 | 36.1 | 292 | 116 | -48.3% |
| Others | 1,085 | 1,421 | 885 | 539 | -20.8% |
| Total | 7,297 | 3,580 | 2,726 | 1,652 | -39.1% |
Top Export Markets for Marble Building Stone from Hong Kong SAR in 2022:
- China (878.7 tons)
- Malaysia (112.0 tons)
- South Korea (36.8 tons)
- Australia (28.8 tons)
This report provides an in-depth analysis of the marble building stone market in Hong Kong SAR, 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 23701100 - Worked monumental/building stone and articles thereof, in marble, travertine and alabaster excluding tiles, cubes/similar articles, largest surface < 7 cm., setts, kerbstones, flagstones
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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
337
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