U.S.: Market for Granules, Chippings And Powder Of Marble 2023

Market Size for Granules, Chippings And Powder Of Marble in the U.S.

The U.S. marble granules and powder market reached $X in 2021, leveling off at the previous year. Over the period under review, consumption continues to indicate a resilient expansion. Marble granules and powder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Granules, Chippings And Powder Of Marble in the U.S.

In value terms, marble granules and powder production amounted to $X in 2021. Overall, production, however, continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 61% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports of Granules, Chippings And Powder Of Marble

Exports from the U.S.

After two years of decline, shipments abroad of granules, chippings and powder of marble increased by 15% to X tons in 2021. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 60%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble granules and powder exports surged to $X in 2021. Overall, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for marble granules and powder exports from the United States, with a 59% share of total exports. Moreover, marble granules and powder exports to Canada exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+30.3% per year) and Mexico (-0.8% per year).

In value terms, the largest markets for marble granules and powder exported from the United States were Trinidad and Tobago ($X), Canada ($X) and Mexico ($X), together comprising 77% of total exports.

Trinidad and Tobago, with a CAGR of +38.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average marble granules and powder export price amounted to $X per ton, surging by 42% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Trinidad and Tobago ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules, Chippings And Powder Of Marble

Imports into the U.S.

In 2021, approx. X tons of granules, chippings and powder of marble were imported into the United States; increasing by 24% against the year before. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, marble granules and powder imports soared to $X in 2021. In general, imports, however, showed a slight slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X tons), Mexico (X tons) and Turkey (X tons) were the main suppliers of marble granules and powder imports to the United States, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +11.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of granules, chippings and powder of marble to the United States, comprising 58% of total imports. The second position in the ranking was taken by Mexico ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.0% per year) and Turkey (+2.6% per year).

Import Prices by Country

In 2021, the average marble granules and powder import price amounted to $X per ton, dropping by -3.2% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 43%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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