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

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

In 2021, the Philippine market for granules, chippings and powder of monumental stone decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then reduced slightly in the following year.

Production of Granules, Chippings And Powder Of Monumental Stone in the Philippines

In value terms, monumental stone granules and powder production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Monumental stone granules and powder production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from the Philippines

In 2021, shipments abroad of granules, chippings and powder of monumental stone decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports dropped sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for monumental stone granules and powder exports from the Philippines, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Japan stood at -X%.

In value terms, Japan ($X) also remains the key foreign market for monumental stone granules and powder exports from the Philippines.

From 2012 to 2020, the average annual growth rate of value to Japan amounted to -X%.

Export Prices by Country

In 2020, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked in 2020 and is expected to retain growth in years to come.

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

From 2012 to 2020, the rate of growth in terms of prices for Japan amounted to -X% per year.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into the Philippines

In 2021, after two years of decline, there was significant growth in supplies from abroad of granules, chippings and powder of monumental stone, when their volume increased by X% to X tons. In general, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, monumental stone granules and powder imports skyrocketed to $X in 2021. Overall, imports posted measured growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) was the main monumental stone granules and powder supplier to the Philippines, accounting for a X% share of total imports. Moreover, monumental stone granules and powder imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold.

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

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

Japan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2020, rising by X% against the previous year. Overall, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is likely to see steady growth in years to come.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :