Eastern Asia: Market for Granules, Chippings And Powder Of Marble 2024

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

In 2023, the East Asian marble granules and powder market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, recorded a pronounced expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in Eastern Asia

In value terms, marble granules and powder production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

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Exports of Granules, Chippings And Powder Of Marble

Exports in Eastern Asia

For the sixth year in a row, Eastern Asia recorded decline in overseas shipments of granules, chippings and powder of marble, which decreased by X% to X tons in 2023. Overall, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, marble granules and powder exports declined markedly to $X in 2023. In general, exports, however, saw a tangible increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons) represented the largest exporter of granules, chippings and powder of marble, making up X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), achieving a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in China totaled X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Granules, Chippings And Powder Of Marble

Imports in Eastern Asia

In 2023, overseas purchases of granules, chippings and powder of marble decreased by X% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, marble granules and powder imports declined to $X in 2023. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Hong Kong SAR represented the main importer of granules, chippings and powder of marble in Eastern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Japan (X tons), China (X tons) and South Korea (X tons), together comprising a X% share of total imports. Taiwan (Chinese) (X tons) took a little share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the granules, chippings and powder of marble imports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%), China (X%) and Japan (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2023, the share of Hong Kong SAR and South Korea increased by X and X percentage points, respectively.

In value terms, the largest marble granules and powder importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined X% share of total imports.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price recorded a deep contraction. The growth pace was the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform