Asia-Pacific: Market for Granules, Chippings And Powder Of Marble 2024

Market Size for Granules, Chippings And Powder Of Marble in Asia-Pacific

In 2023, the Asia-Pacific marble granules and powder market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption, however, saw a perceptible descent. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Production of Granules, Chippings And Powder Of Marble in Asia-Pacific

In value terms, marble granules and powder production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Exports of Granules, Chippings And Powder Of Marble

Exports in Asia-Pacific

In 2023, approx. X tons of granules, chippings and powder of marble were exported in Asia-Pacific; surging by X% compared with the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, marble granules and powder exports reached $X in 2023. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Vietnam prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. India (X tons) held a little share of total exports.

Vietnam was also the fastest-growing in terms of the granules, chippings and powder of marble exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X) remains the largest marble granules and powder supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

In Vietnam, marble granules and powder exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, flattening at the previous year. Export price indicated a slight expansion from 2012 to 2023: its price 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, marble granules and powder export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Vietnam amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Imports of Granules, Chippings And Powder Of Marble

Imports in Asia-Pacific

After two years of decline, purchases abroad of granules, chippings and powder of marble increased by X% to X tons in 2023. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, marble granules and powder imports amounted to $X in 2023. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2020 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 failed to regain momentum.

Imports by Country

Bangladesh (X tons) and Hong Kong SAR (X tons) prevails in imports structure, together mixing up X% of total imports. It was distantly followed by Japan (X tons), constituting an X% share of total imports. The following importers - China (X tons) and South Korea (X tons) - each accounted for an X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constitutes the largest market for imported granules, chippings and powder of marble in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Bangladesh amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform