Vietnam: Market for Granules, Chippings And Powder Of Monumental Stone 2024

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

In 2023, the Vietnamese market for granules, chippings and powder of monumental stone decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, the total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. Monumental stone granules and powder consumption peaked at $X in 2022, and then contracted modestly in the following year.

Production of Granules, Chippings And Powder Of Monumental Stone in Vietnam

In value terms, monumental stone granules and powder production reduced slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Monumental stone granules and powder production peaked at $X in 2020; afterwards, it flattened through to 2023.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Vietnam

In 2023, overseas shipments of granules, chippings and powder of monumental stone were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports soared to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Cambodia (X tons) and Bangladesh (X tons) were the main destinations of monumental stone granules and powder exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for monumental stone granules and powder exported from Vietnam were Bangladesh ($X), Singapore ($X) and Cambodia ($X), with a combined X% share of total exports. India, Taiwan (Chinese), South Korea, Indonesia and China lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Indonesia, with a CAGR of X%, recorded 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 granules, chippings and powder of monumental stone stood at $X per ton in 2023, approximately reflecting the previous year. Overall, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Vietnam

In 2023, approx. X tons of granules, chippings and powder of monumental stone were imported into Vietnam; waning by X% on 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, monumental stone granules and powder imports shrank dramatically to $X in 2023. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), Hong Kong SAR (X tons) and the United States (X tons) were the main suppliers of monumental stone granules and powder imports to Vietnam, together comprising X% of total imports. Japan, Turkey, China, Italy, India and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), the United States ($X) and Japan ($X) constituted the largest monumental stone granules and powder suppliers to Vietnam, with a combined X% share of total imports. South Korea, Italy, China, Turkey, Malaysia and India lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, saw 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

In 2023, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform