Asia-Pacific: Marble Building Stone Market 2024

Marble Building Stone Market Size in Asia-Pacific

The Asia-Pacific marble building stone market reached $X in 2022, leveling off at the previous year. The total consumption indicated a resilient increase 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, consumption increased by X% against 2012 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Marble Building Stone Production in Asia-Pacific

In value terms, marble building stone production amounted to $X in 2022 estimated in export price. The total production indicated buoyant 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 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Marble Building Stone Exports

Exports in Asia-Pacific

After three years of decline, shipments abroad of marble building stone increased by X% to X tons in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, marble building stone exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the key exporting country with an export of around X tons, which reached X% of total exports. India (X tons) took the second position in the ranking, followed by Vietnam (X tons). All these countries together held near X% share of total exports. Pakistan (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to marble building stone exports from China stood at X%. At the same time, Vietnam (X%), Pakistan (X%) and India (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. India (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest marble building stone supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. In general, the export price enjoyed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Pakistan ($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 more modest paces of growth.

Marble Building Stone Imports

Imports in Asia-Pacific

In 2022, approx. X tons of marble building stone were imported in Asia-Pacific; with an increase of X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, marble building stone imports expanded significantly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

South Korea represented the key importer of marble 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 Australia (X tons), Indonesia (X tons), India (X tons) and Vietnam (X tons), together generating a X% share of total imports. Hong Kong SAR (X tons), Malaysia (X tons), Singapore (X tons), Japan (X tons), China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Vietnam (X%), Indonesia (X%), Australia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%), Japan (X%), China (X%), Taiwan (Chinese) (X%), Hong Kong SAR (X%) and India (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.), Australia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), China (X p.p.), Singapore (X p.p.), Taiwan (Chinese) (X p.p.), Hong Kong SAR (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Australia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. India, Indonesia, Japan, Singapore, Hong Kong SAR, Malaysia, China, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, 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 ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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