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

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

After five years of growth, the Chinese market for granules, chippings and powder of monumental stone decreased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market hit record highs at $X in 2022, and then reduced modestly in the following year.

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

In value terms, monumental stone granules and powder production totaled $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Monumental stone granules and powder production peaked at $X in 2021; afterwards, it flattened through to 2023.

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Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from China

In 2023, overseas shipments of granules, chippings and powder of monumental stone were finally on the rise to reach X tons after two years of decline. In general, exports recorded a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports reached $X in 2023. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Macao SAR (X tons) were the main destinations of monumental stone granules and powder exports from China, together accounting for X% 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 Hong Kong SAR (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 China were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and Macao SAR ($X), with a combined X% share of total exports.

Macao SAR, with a CAGR of X%, saw 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 2023, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Macao SAR ($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 Macao SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into China

In 2023, purchases abroad of granules, chippings and powder of monumental stone decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports dropped sharply to $X in 2023. In general, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Vietnam (X tons) constituted the largest supplier of monumental stone granules and powder to China, accounting for a X% share of total imports. Moreover, monumental stone granules and powder imports from Vietnam exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to China, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform