Singapore - Granite Building Stone - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGranite Building Stone Price in Singapore - 2022
Contents:
- Granite Building Stone Price in Singapore (CIF) - 2022
- Granite Building Stone Price in Singapore (FOB) - 2022
- Granite Building Stone Imports in Singapore
- Granite Building Stone Exports in Singapore
Granite Building Stone Price in Singapore (CIF) - 2022
The average granite building stone import price stood at $1,153 per ton in September 2022, reducing by -2.8% against the previous month. Overall, import price indicated perceptible growth from September 2021 to September 2022: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, granite building stone import price increased by +3.9% against June 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 53% against the previous month. Over the period under review, average import prices reached the peak figure at $1,403 per ton in February 2022; however, from March 2022 to September 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,563 per ton), while the price for Indonesia ($308 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Granite Building Stone Price in Singapore (FOB) - 2022
The average granite building stone export price stood at $994 per ton in 2022, rising by 1,288% against the previous year. Overall, the export price showed a buoyant expansion. The export price peaked at $1,547 per ton in 2017; however, from 2018 to 2022, the export prices remained at a 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 Taiwan (Chinese) ($39,899 per ton), while the average price for exports to Oman ($219 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 Taiwan (Chinese) (+79.5%), while the prices for the other major destinations experienced more modest paces of growth.
Granite Building Stone Imports in Singapore
In 2022, approx. 36K tons of granite building stone were imported into Singapore; growing by 72% compared with 2021. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, granite building stone imports surged to $33M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Granite Building Stone in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.6 | 7.1 | 10.5 | 16.4 | 9.2% |
| India | 1.8 | 1.0 | 1.4 | 3.2 | 21.1% |
| Uzbekistan | N/A | N/A | N/A | 2.7 | 0% |
| Thailand | 0.2 | 0.6 | 0.4 | 0.7 | 51.8% |
| Others | 2.6 | 3.8 | 5.7 | 9.6 | 54.6% |
| Total | 17.1 | 12.5 | 17.9 | 32.6 | 24.0% |
Top Suppliers of Granite Building Stone to Singapore in 2022:
- Uzbekistan (30.3K tons)
- Thailand (3.4K tons)
- China (1.3K tons)
- India (0.3K tons)
Granite Building Stone Exports in Singapore
In 2022, approx. 215 tons of granite building stone were exported from Singapore; falling by -98.6% against 2021. Overall, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 2,482% against the previous year. As a result, the exports reached the peak of 16K tons, and then reduced remarkably in the following year.
In value terms, granite building stone exports declined rapidly to $214K in 2022. Over the period under review, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $1.1M, and then contracted markedly in the following year.
| Export of Granite Building Stone in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 259 | 229 | 226 | 50.6 | -42.0% |
| Indonesia | 97.7 | 133 | 144 | 32.2 | -30.9% |
| Nigeria | 56.3 | 59.3 | 69.7 | 18.7 | -30.7% |
| Australia | 112 | 105 | 24.0 | 16.8 | -46.9% |
| Oman | 61.3 | 69.3 | 70.2 | 16.2 | -35.8% |
| Philippines | 24.3 | 29.1 | 29.7 | 11.4 | -22.3% |
| Malaysia | 76.9 | 43.9 | 38.7 | 11.0 | -47.7% |
| China | 73.1 | 44.8 | 5.0 | 8.3 | -51.6% |
| Vietnam | 30.7 | 36.1 | 15.3 | 7.3 | -38.0% |
| United Arab Emirates | 15.5 | 13.8 | 13.8 | 3.2 | -40.9% |
| British Indian Ocean Territory | N/A | N/A | 339 | N/A | 0% |
| Others | 231 | 124 | 146 | 38.3 | -45.1% |
| Total | 1,038 | 888 | 1,121 | 214 | -40.9% |
Top Export Markets for Granite Building Stone from Singapore in 2022:
- Oman (74.0 tons)
- Indonesia (44.4 tons)
- United Kingdom (22.3 tons)
- Nigeria (14.7 tons)
- Malaysia (12.9 tons)
- United Arab Emirates (8.7 tons)
- Philippines (8.6 tons)
- China (6.2 tons)
- Australia (5.1 tons)
- Vietnam (4.5 tons)
This report provides an in-depth analysis of the granite building stone market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
611
This report provides an in-depth analysis of the granite building stone market in Singapore.
398
This report provides an in-depth analysis of the marble building stone market in Singapore.
827
This report provides an in-depth analysis of the global granite building stone market.
1026
This report provides an in-depth analysis of the global marble building stone market.
611
This report provides an in-depth analysis of the granite building stone market in Singapore.
398
This report provides an in-depth analysis of the marble building stone market in Singapore.
827
This report provides an in-depth analysis of the global granite building stone market.
1026
This report provides an in-depth analysis of the global marble building stone market.
302
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
827
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
262
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.
302
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
827
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
262
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.
