Japan: Market for Granules, Chippings And Powder Of Monumental Stone 2022

Market Size for Granules, Chippings And Powder Of Monumental Stone in Japan

In 2021, after two years of growth, there was significant decline in the Japanese market for granules, chippings and powder of monumental stone, when its value decreased by -X% to $X. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Japan

In 2021, the amount of granules, chippings and powder of monumental stone exported from Japan skyrocketed to X tons, growing by X% on 2020 figures. Overall, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monumental stone granules and powder exports surged to $X in 2021. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for monumental stone granules and powder exports from Japan, with a X% share of total exports. Moreover, monumental stone granules and powder exports to South Korea exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Guam (X tons), with a X% share.

From 2012 to 2020, the average annual growth rate of volume to South Korea amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Guam (+X% per year).

In value terms, South Korea ($X), Guam ($X) and China ($X) constituted the largest markets for monumental stone granules and powder exported from Japan worldwide.

In terms of the main countries of destination, Vietnam, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2020, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Japan

In 2021, supplies from abroad of granules, chippings and powder of monumental stone increased by X% to X tons, rising for the third consecutive year after four years of decline. In general, imports recorded a mild increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, monumental stone granules and powder imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and the Philippines (X tons) were the main suppliers of monumental stone granules and powder imports to Japan, together comprising X% of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +X%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Vietnam ($X) and the Philippines ($X) were the largest monumental stone granules and powder suppliers to Japan, together comprising X% of total imports.

Vietnam, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2020, remaining stable against the previous year. Overall, the import price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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