Philippines: Market for Granules, Chippings And Powder Of Marble 2023

Market Size for Granules, Chippings And Powder Of Marble in the Philippines

The Philippine marble granules and powder market stood at less than $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, saw a significant expansion. Marble granules and powder consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Granules, Chippings And Powder Of Marble in the Philippines

In value terms, marble granules and powder production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports from the Philippines

In 2015, overseas shipments of granules, chippings and powder of marble decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2015, the growth of the exports failed to regain momentum.

In value terms, marble granules and powder exports totaled $X in 2015. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2015, the growth of the exports remained at a lower figure.

Exports by Country

Brunei Darussalam (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main destinations of marble granules and powder exports from the Philippines, together accounting for X% of total exports. Micronesia lagged somewhat behind, accounting for a further X%.

From 2012 to 2015, the biggest increases were recorded for Micronesia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

It was followed by Japan, with a X% share.

From 2012 to 2015, the average annual growth rate of value to Brunei Darussalam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

The average marble granules and powder export price stood at $X per ton in 2015, stabilizing at the previous year. Overall, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2015 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2015, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules, Chippings And Powder Of Marble

Imports into the Philippines

In 2022, imports of granules, chippings and powder of marble into the Philippines skyrocketed to X tons, increasing by X% compared with 2021. Over the period under review, imports posted strong growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, marble granules and powder imports dropped significantly to $X in 2022. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of marble granules and powder to the Philippines, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of granules, chippings and powder of marble to the Philippines.

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Source: IndexBox Platform

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