Vietnam: Market for Granite, Sandstone And Other Building Stone 2024

Market Size for Granite, Sandstone And Other Building Stone in Vietnam

The Vietnamese market for granite, sandstone and other building stone contracted slightly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, saw a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Granite, Sandstone And Other Building Stone in Vietnam

In value terms, production of granite, sandstone and other building stone dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production of hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Vietnam

In 2022, approx. X tons of granite, sandstone and other building stone were exported from Vietnam; remaining relatively unchanged against 2021. Overall, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone fell to $X in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for exports of granite, sandstone and other building stone from Vietnam, accounting for a X% share of total exports. Moreover, exports of granite, sandstone and other building stone to China exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and the UK (X% per year).

In value terms, the largest markets for granite, sandstone and other building stone exported from Vietnam were China ($X), the Netherlands ($X) and the UK ($X), together comprising X% of total exports. Germany, France, Belgium, the United States, Switzerland, Italy, Lithuania, Thailand, Pakistan and Malta lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, growing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Vietnam

In 2022, approx. X tons of granite, sandstone and other building stone were imported into Vietnam; which is down by X% against 2021. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone shrank to $X in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main granite, sandstone and other building stone supplier to Vietnam, with a X% share of total imports. Moreover, imports of granite, sandstone and other building stone from India exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was held by China (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and China (X% per year).

In value terms, India ($X), Norway ($X) and China ($X) appeared to be the largest granite, sandstone and other building stone suppliers to Vietnam.

In terms of the main suppliers, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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