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

Market Size for Granules, Chippings And Powder Of Marble in Thailand

The Thai marble granules and powder market reached $X in 2021, with an increase of 15% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.3% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in Thailand

In value terms, marble granules and powder production soared to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.6% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 41% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports from Thailand

In 2021, overseas shipments of granules, chippings and powder of marble decreased by -34% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2016 with an increase of 809%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, marble granules and powder exports shrank markedly to $X in 2021. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of 652% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for marble granules and powder exports from Thailand, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +6.8%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for granules, chippings and powder of marble exports from Thailand.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR totaled -3.8%.

Export Prices by Country

The average marble granules and powder export price stood at $X per ton in 2021, with a decrease of -25.6% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 273%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +10.9% per year.

Imports of Granules, Chippings And Powder Of Marble

Imports into Thailand

Marble granules and powder imports into Thailand rose rapidly to X tons in 2021, picking up by 9.6% compared with 2020. In general, imports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 268%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, marble granules and powder imports soared to $X in 2021. Over the period under review, imports continue to indicate a moderate expansion. The growth pace was the most rapid in 2018 with an increase of 408% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Turkey (X tons) and China (X tons) were the main suppliers of marble granules and powder imports to Thailand, together comprising 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +104.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), China ($X) and Indonesia ($X) were the largest marble granules and powder suppliers to Thailand, together accounting for 70% of total imports.

China, with a CAGR of +115.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, with an increase of 71% against the previous year. Overall, the import price enjoyed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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