Asia: Market for Granules, Chippings And Powder Of Marble 2023

Market Size for Granules, Chippings And Powder Of Marble in Asia

The Asian marble granules and powder market rose to $X in 2021, growing by 3.8% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.4% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Marble in Asia

In value terms, marble granules and powder production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports in Asia

In 2021, overseas shipments of granules, chippings and powder of marble increased by 50% to X tons, rising for the fifth consecutive year after four years of decline. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 51%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, marble granules and powder exports soared to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 138% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) and Vietnam (X tons) represented roughly 96% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +87.3%).

In value terms, Vietnam ($X) remains the largest marble granules and powder supplier in Asia, comprising 67% of total exports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total exports.

In Vietnam, marble granules and powder exports increased at an average annual rate of +86.2% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, falling by -5.9% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble granules and powder export price increased by +62.9% against 2018 indices. The pace of growth appeared the most rapid in 2020 an increase of 58%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-0.6%).

Imports of Granules, Chippings And Powder Of Marble

Imports in Asia

In 2021, overseas purchases of granules, chippings and powder of marble decreased by -18.2% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 79% against the previous year. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, marble granules and powder imports shrank to $X in 2021. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 123%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2021, Bangladesh (X tons), distantly followed by Hong Kong SAR (X tons), Iraq (X tons), China (X tons), Kazakhstan (X tons), South Korea (X tons), Israel (X tons) and Qatar (X tons) represented the major importers of granules, chippings and powder of marble, together achieving 80% of total imports.

Imports into Bangladesh increased at an average annual rate of +47.7% from 2012 to 2021. At the same time, Hong Kong SAR (+86.1%), South Korea (+64.1%), China (+35.7%), Israel (+25.5%), Iraq (+25.1%), Kazakhstan (+18.4%) and Qatar (+10.1%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia, with a CAGR of +86.1% from 2012-2021. While the share of Bangladesh (+23 p.p.), Hong Kong SAR (+9.8 p.p.), South Korea (+7.6 p.p.), China (+7.4 p.p.), Iraq (+5.8 p.p.), Israel (+4.3 p.p.) and Kazakhstan (+3.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported granules, chippings and powder of marble in Asia, comprising 28% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.4% share of total imports. It was followed by China, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in Bangladesh totaled +56.8%. In the other countries, the average annual rates were as follows: South Korea (+54.4% per year) and China (+30.2% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 when the import price increased by 56% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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