Indonesia: Crude Granite Market 2024

Crude Granite Market Size in Indonesia

The Indonesian crude granite market dropped to $X in 2022, which is down by -5.3% against the previous year. Over the period under review, consumption, however, enjoyed resilient growth. Crude granite consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Crude Granite Production in Indonesia

In value terms, crude granite production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. Crude granite production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Crude Granite Exports

Exports from Indonesia

In 2022, exports of granite (crude) from Indonesia shrank modestly to X tons, dropping by -3.4% against the previous year. Over the period under review, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 417%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crude granite exports reduced to $X in 2022. Overall, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2016 with an increase of 401% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for crude granite exports from Indonesia, accounting for a 93% share of total exports. Moreover, crude granite exports to Australia exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled +13.6%.

In value terms, Australia ($X) remains the key foreign market for granite (crude) exports from Indonesia, comprising 93% of total exports. The second position in the ranking was taken by Singapore ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia totaled +3.2%.

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 229%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.8%).

Crude Granite Imports

Imports into Indonesia

In 2022, the amount of granite (crude) imported into Indonesia shrank to X tons, reducing by -4.6% on 2021. Over the period under review, imports saw a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 10%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crude granite imports dropped to $X in 2022. In general, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by 2.9% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) was the main crude granite supplier to Indonesia, with a 92% share of total imports. Moreover, crude granite imports from Malaysia exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-21.5% per year) and India (-7.1% per year).

In value terms, Australia ($X) constituted the largest supplier of granite (crude) to Indonesia, comprising 55% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by Italy, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.8% per year) and Italy (-13.3% per year).

Import Prices by Country

The average crude granite import price stood at $X per ton in 2022, growing by 3.3% against the previous year. In general, the import price, however, saw a perceptible downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+60.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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