Eastern Asia: Marble Building Stone Market 2024

Marble Building Stone Market Size in Eastern Asia

After six years of growth, the East Asian marble building stone market decreased by X% to $X in 2023. In general, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2022, and then fell modestly in the following year.

Marble Building Stone Production in Eastern Asia

In value terms, marble building stone production amounted to $X in 2023 estimated in export price. The total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

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Marble Building Stone Exports

Exports in Eastern Asia

Marble building stone exports shrank slightly to X tons in 2023, remaining stable against the previous year's figure. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, marble building stone exports reduced dramatically to $X in 2023. Over the period under review, exports recorded a slight decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from China (X tons), together accounting for X% of total export.

China was also the fastest-growing in terms of the marble building stone exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest marble building stone supplier in Eastern Asia.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then reduced dramatically in the following year.

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

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Marble Building Stone Imports

Imports in Eastern Asia

After two years of growth, purchases abroad of marble building stone decreased by X% to X tons in 2023. Total imports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, marble building stone imports shrank modestly to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

South Korea represented the main importer of marble building stone in Eastern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X tons), achieving a X% share of total imports. The following importers - Japan (X tons), Taiwan (Chinese) (X tons) and China (X tons) - each reached an X% share of total imports.

South Korea was also the fastest-growing in terms of the marble building stone imports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) (X%), Hong Kong SAR (X%), Japan (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea increased by X percentage points.

In value terms, South Korea ($X) constitutes the largest market for imported marble building stone in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Korea totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, remaining constant against the previous year. In general, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a lower figure.

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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform