Asia-Pacific: Market for Granite, Sandstone And Other Building Stone 2024

Market Size for Granite, Sandstone And Other Building Stone in Asia-Pacific

The Asia-Pacific market for granite, sandstone and other building stone was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, faced a deep reduction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Granite, Sandstone And Other Building Stone in Asia-Pacific

In value terms, production of granite, sandstone and other building stone fell modestly to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports in Asia-Pacific

In 2022, overseas shipments of granite, sandstone and other building stone decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined notably in the following year.

In value terms, exports of granite, sandstone and other building stone declined dramatically to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

In 2022, India (X tons) was the main exporter of granite, sandstone and other building stone in Asia-Pacific, comprising X% of total export.

India was also the fastest-growing in terms of the granite, sandstone and other building stone exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest granite, sandstone and other building stone supplier in Asia-Pacific.

In India, exports of granite, sandstone and other building stone expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Granite, Sandstone And Other Building Stone

Imports in Asia-Pacific

In 2022, imports of granite, sandstone and other building stone in Asia-Pacific was estimated at X tons, with an increase of X% compared with 2021 figures. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone rose rapidly to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Bangladesh represented the key importer of granite, sandstone and other building stone in Asia-Pacific, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Maldives (X tons) and China (X tons), together committing a X% share of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Bangladesh ($X) constitutes the largest market for imported granite, sandstone and other building stone in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

In Bangladesh, imports of granite, sandstone and other building stone increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Maldives (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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