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

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

The Asia-Pacific marble granules and powder market expanded to $X in 2021, increasing by 3.6% against the previous year. The market value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in Asia-Pacific

In value terms, marble granules and powder production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 18%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Marble

Exports in Asia-Pacific

In 2021, marble granules and powder exports in Asia-Pacific skyrocketed to X tons, with an increase of 22% against the previous year. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 307% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, marble granules and powder exports soared to $X in 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 354% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Vietnam (X tons) represented the major exporter of granules, chippings and powder of marble in Asia-Pacific, comprising 96% of total export.

Vietnam was also the fastest-growing in terms of the granules, chippings and powder of marble exports, with a CAGR of +87.3% from 2012 to 2021. While the share of Vietnam (+90 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) also remains the largest marble granules and powder supplier in Asia-Pacific.

In Vietnam, marble granules and powder exports expanded 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-Pacific amounted to $X per ton, picking up by 6.4% against the previous year. Overall, the export price recorded a slight expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by 33%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to -0.6% per year.

Imports of Granules, Chippings And Powder Of Marble

Imports in Asia-Pacific

After seven years of growth, overseas purchases of granules, chippings and powder of marble decreased by -32.1% to X tons in 2021. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 205%. Over the period under review, imports attained the peak figure at X tons in 2020, and then contracted remarkably in the following year.

In value terms, marble granules and powder imports fell notably to $X in 2021. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 180%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

Bangladesh was the major importer of granules, chippings and powder of marble in Asia-Pacific, with the volume of imports reaching X tons, which was approx. 40% of total imports in 2021. Hong Kong SAR (X tons) held the second position in the ranking, followed by China (X tons), South Korea (X tons) and Japan (X tons). All these countries together held approx. 49% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Taiwan (Chinese) (X tons) - together made up 4.4% 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%), Japan (+9.4%) and Taiwan (Chinese) (+4.2%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +86.1% from 2012-2021. Lao People's Democratic Republic experienced a relatively flat trend pattern. Bangladesh (+30 p.p.), Hong Kong SAR (+15 p.p.), South Korea (+11 p.p.), China (+6.8 p.p.) and Lao People's Democratic Republic (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Japan saw its share reduced by -8.7% and -15.9% from 2012 to 2021, respectively.

In value terms, Bangladesh ($X) constitutes the largest market for imported granules, chippings and powder of marble in Asia-Pacific, comprising 41% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms 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-Pacific stood at $X per ton in 2021, surging by 22% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 34%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($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 more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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