Vietnam: Marble Building Stone Market 2024

Marble Building Stone Market Size in Vietnam

The Vietnamese marble building stone market fell remarkably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Marble building stone consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Marble Building Stone Production in Vietnam

In value terms, marble building stone production rose rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Marble building stone production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Marble Building Stone Exports

Exports from Vietnam

In 2022, approx. X tons of marble building stone were exported from Vietnam; picking up by X% against the previous year's figure. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, marble building stone exports skyrocketed to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

India (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main destinations of marble building stone exports from Vietnam, together comprising X% of total exports. Saudi Arabia, Pakistan, Italy, China, Taiwan (Chinese), Indonesia, South Korea, Japan, Malaysia and Thailand lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for marble building stone exported from Vietnam were the United States ($X), India ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Saudi Arabia, Pakistan, China, Italy, South Korea, Japan, Taiwan (Chinese), Indonesia, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average marble building stone export price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Vietnam

In 2022, overseas purchases of marble building stone decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, marble building stone imports reduced to $X in 2022. In general, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest marble building stone supplier to Vietnam, with a X% share of total imports. Moreover, marble building stone imports from China exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of marble building stone to Vietnam, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and India (X% per year).

Import Prices by Country

The average marble building stone import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Greece ($X per ton) and Spain ($X per ton), while the price for Italy ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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