China: Market for Granite, Sandstone And Other Building Stone 2024

Market Size for Granite, Sandstone And Other Building Stone in China

The Chinese market for granite, sandstone and other building stone skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Granite, Sandstone And Other Building Stone in China

In value terms, production of granite, sandstone and other building stone shrank sharply to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then fell markedly in the following year.

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Exports of Granite, Sandstone And Other Building Stone

Exports from China

In 2022, after three years of growth, there was significant decline in overseas shipments of granite, sandstone and other building stone, when their volume decreased by X% to X tons. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, exports of granite, sandstone and other building stone dropped sharply to $X in 2022. Over the period under review, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for exports of granite, sandstone and other building stone from China, with a X% share of total exports. Moreover, exports of granite, sandstone and other building stone to Taiwan (Chinese) exceeded the volume sent to the second major destination, South Korea (X tons), tenfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for granite, sandstone and other building stone exports from China, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, waning by X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into China

In 2022, the amount of granite, sandstone and other building stone imported into China contracted significantly to X tons, which is down by X% on 2021. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone reduced to $X in 2022. In general, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main granite, sandstone and other building stone supplier to China, with a X% share of total imports. Moreover, imports of granite, sandstone and other building stone from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Portugal (X% per year).

In value terms, India ($X) constituted the largest supplier of granite, sandstone and other building stone to China, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Portugal (X% per year).

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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