South-Eastern Asia: Market for Granite, Sandstone And Other Building Stone 2024

Market Size for Granite, Sandstone And Other Building Stone in South-Eastern Asia

In 2022, the Southeast Asian market for granite, sandstone and other building stone decreased by X% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption recorded a deep slump. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Granite, Sandstone And Other Building Stone in South-Eastern Asia

In value terms, production of granite, sandstone and other building stone rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports in South-Eastern Asia

In 2022, approx. X tons of granite, sandstone and other building stone were exported in South-Eastern Asia; picking up by X% on 2021 figures. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of granite, sandstone and other building stone expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Timor-Leste represented the major exporter of granite, sandstone and other building stone in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Indonesia (X tons) and Vietnam (X tons), together mixing up a X% share of total exports. Thailand (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Timor-Leste (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone supplying countries in South-Eastern Asia were Timor-Leste ($X), Vietnam ($X) and Indonesia ($X), together accounting for X% of total exports.

Timor-Leste, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Granite, Sandstone And Other Building Stone

Imports in South-Eastern Asia

In 2022, purchases abroad of granite, sandstone and other building stone decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone shrank dramatically to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Thailand dominates stone structure, amounting to X tons, which was approx. X% of total imports in 2022. The following importers - Singapore (X tons), Timor-Leste (X tons), Lao People's Democratic Republic (X tons) and the Philippines (X tons) - together made up X% of total imports.

Imports into Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Timor-Leste (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Timor-Leste emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Timor-Leste (X p.p.), Thailand (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported granite, sandstone and other building stone in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Timor-Leste, with a X% share.

In Thailand, imports of granite, sandstone and other building stone declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Timor-Leste (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for granite, sandstone and other building stone decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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