Republic of Korea - Marble Building Stone - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingMarble Building Stone Price in South Korea - 2022
Contents:
- Marble Building Stone Price in South Korea (CIF) - 2022
- Marble Building Stone Price in South Korea (FOB) - 2022
- Marble Building Stone Imports in South Korea
- Marble Building Stone Exports in South Korea
Marble Building Stone Price in South Korea (CIF) - 2022
In December 2022, the average marble building stone import price amounted to $518 per ton, surging by 18% against the previous month. In general, import price indicated tangible growth from December 2021 to December 2022: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, marble building stone import price increased by +45.6% against October 2022 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 36% m-o-m. Over the period under review, average import prices attained the maximum in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,957 per ton), while the price for Egypt ($121 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Marble Building Stone Price in South Korea (FOB) - 2022
In 2022, the average marble building stone export price amounted to $2,609 per ton, dropping by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2015 when the average export price increased by 35%. The export price peaked at $2,716 per ton in 2021, and then dropped slightly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($8,743 per ton), while the average price for exports to Australia ($843 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 Kazakhstan (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Marble Building Stone Imports in South Korea
In 2022, overseas purchases of marble building stone decreased by -17.2% to 302K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. As a result, imports attained the peak of 364K tons, and then contracted notably in the following year.
In value terms, marble building stone imports reduced to $144M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of $164M, and then declined in the following year.
| Import of Marble Building Stone in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 77.2 | 76.0 | 65.2 | 69.0 | -3.7% |
| Egypt | 11.5 | 15.4 | 30.4 | 28.6 | 35.5% |
| Oman | 10.7 | 6.1 | 16.8 | 14.0 | 9.4% |
| Italy | 12.1 | 8.9 | 13.0 | 11.8 | -0.8% |
| Turkey | 3.2 | 3.4 | 7.2 | 6.3 | 25.3% |
| Pakistan | 1.8 | 1.6 | 3.4 | 3.2 | 21.1% |
| Vietnam | 0.5 | 0.9 | 1.3 | 1.2 | 33.9% |
| Others | 10.6 | 11.9 | 27.2 | 10.3 | -1.0% |
| Total | 128 | 124 | 164 | 144 | 4.0% |
Top Suppliers of Marble Building Stone to South Korea in 2022:
- Egypt (181.5K tons)
- China (60.6K tons)
- Oman (17.6K tons)
- Pakistan (9.8K tons)
- Turkey (8.7K tons)
- Italy (6.7K tons)
- Vietnam (5.1K tons)
Marble Building Stone Exports in South Korea
In 2022, approx. 196 tons of marble building stone were exported from South Korea; shrinking by -6.1% against 2021 figures. Over the period under review, exports faced a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 2.6%.
In value terms, marble building stone exports contracted to $512K in 2022. Overall, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 24% against the previous year.
| Export of Marble Building Stone in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 272 | 65.1 | 77.8 | 77.0 | -34.3% |
| Kazakhstan | 388 | 66.4 | 66.7 | 55.3 | -47.8% |
| United States | 53.7 | 8.6 | 52.0 | 45.7 | -5.2% |
| Saudi Arabia | 413 | 60.1 | 9.4 | 40.1 | -54.0% |
| Qatar | 102 | 30.3 | 40.2 | 34.1 | -30.6% |
| United Arab Emirates | 61.8 | 17.2 | 18.5 | 16.3 | -35.9% |
| Mongolia | 67.1 | 18.1 | 16.8 | 16.1 | -37.9% |
| China | 58.6 | 17.0 | 5.1 | 13.3 | -39.0% |
| Vietnam | 56.5 | 18.7 | 16.7 | 8.9 | -46.0% |
| Cambodia | 73.6 | 3.2 | 1.8 | 8.1 | -52.1% |
| Canada | 2.7 | 10.5 | 8.7 | 7.6 | 41.2% |
| Myanmar | 8.2 | 2.9 | 4.1 | 3.9 | -21.9% |
| Australia | 5.7 | 2.4 | 4.0 | 3.1 | -18.4% |
| Others | 503 | 136 | 246 | 182 | -28.7% |
| Total | 2,066 | 456 | 567 | 512 | -37.2% |
Top Export Markets for Marble Building Stone from South Korea in 2022:
- Russia (61.7 tons)
- Saudi Arabia (15.0 tons)
- China (14.6 tons)
- United States (10.2 tons)
- United Arab Emirates (10.1 tons)
- Vietnam (8.8 tons)
- Kazakhstan (8.8 tons)
- Cambodia (8.2 tons)
- Canada (6.9 tons)
- Mongolia (6.8 tons)
- Myanmar (4.2 tons)
- Qatar (3.9 tons)
- Australia (3.7 tons)
This report provides an in-depth analysis of the marble building stone market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
454
This report provides an in-depth analysis of the marble building stone market in Republic of Korea.
505
This report provides an in-depth analysis of the granite building stone market in Republic of Korea.
1009
This report provides an in-depth analysis of the global marble building stone market.
816
This report provides an in-depth analysis of the global granite building stone market.
454
This report provides an in-depth analysis of the marble building stone market in Republic of Korea.
505
This report provides an in-depth analysis of the granite building stone market in Republic of Korea.
1009
This report provides an in-depth analysis of the global marble building stone market.
816
This report provides an in-depth analysis of the global granite building stone market.
242
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.
278
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
811
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
242
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.
278
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
811
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
