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

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

In 2021, the Malaysian market for granules, chippings and powder of monumental stone increased by X% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Monumental stone granules and powder consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Monumental Stone in Malaysia

In value terms, monumental stone granules and powder production declined to $X in 2021 estimated in export price. In general, production, however, recorded a slight downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Malaysia

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -X% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports faced a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, monumental stone granules and powder exports shrank to $X in 2021. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for monumental stone granules and powder exports from Malaysia, with a X% share of total exports. Moreover, monumental stone granules and powder exports to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), sevenfold.

From 2012 to 2020, the average annual growth rate of volume to Singapore totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+X% per year) and Indonesia (-X% per year).

In value terms, Singapore ($X) remains the key foreign market for monumental stone granules and powder exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Brunei Darussalam ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Singapore stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-X% per year) and Indonesia (-X% per year).

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2020, surging by X% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, monumental stone granules and powder export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2020 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Brunei Darussalam ($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 Singapore (+X%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Malaysia

In 2021, the amount of granules, chippings and powder of monumental stone imported into Malaysia contracted to X tons, which is down by -X% compared with the year before. Over the period under review, imports showed a slight slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, monumental stone granules and powder imports rose to $X in 2021. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

India (X tons), Vietnam (X tons) and Germany (X tons) were the main suppliers of monumental stone granules and powder imports to Malaysia, together comprising X% of total imports.

From 2012 to 2020, the biggest increases were in Germany (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of monumental stone granules and powder to Malaysia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2020, the average annual growth rate of value from India totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2020, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price enjoyed a strong increase. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked in 2020 and is likely to continue growth in the immediate term.

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 mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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