Asia-Pacific: Marble Building Stone Market 2024

Marble Building Stone Market Size in Asia-Pacific

After two years of growth, the Asia-Pacific marble building stone market decreased by less than X% to $X in 2023. The total consumption indicated buoyant 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 2012 indices. Over the period under review, the market reached the maximum level at $X in 2022, and then fell slightly in the following year.

Marble Building Stone Production in Asia-Pacific

In value terms, marble building stone production stood at $X in 2023 estimated in export price. The total production indicated a prominent expansion 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; afterwards, it flattened through to 2023.

Marble Building Stone Exports

Exports in Asia-Pacific

In 2023, the amount of marble building stone exported in Asia-Pacific fell modestly to X tons, almost unchanged from the previous year. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, marble building stone exports fell significantly to $X in 2023. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, China (X tons) was the key exporter of marble building stone, comprising X% of total exports. India (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). Pakistan (X tons) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to marble building stone exports from China stood at X%. At the same time, Vietnam (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. India experienced a relatively flat trend pattern. From 2012 to 2023, the share of India and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest marble building stone supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated a resilient increase 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 building stone export price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2022, and then reduced markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Marble Building Stone Imports

Imports in Asia-Pacific

In 2023, after two years of growth, there was decline in purchases abroad of marble building stone, when their volume decreased by X% to X tons. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, marble building stone imports fell modestly to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

South Korea represented the largest importer of marble building stone in Asia-Pacific, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Australia (X tons) held the second position in the ranking, followed by Indonesia (X tons), India (X tons), Hong Kong SAR (X tons) and Vietnam (X tons). All these countries together took near X% share of total imports. Malaysia (X tons), Thailand (X tons), Singapore (X tons), the Philippines (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to marble building stone imports into South Korea stood at X%. At the same time, Thailand (X%), the Philippines (X%) and Australia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Malaysia experienced a relatively flat trend pattern. By contrast, Indonesia (X%), Vietnam (X%), Taiwan (Chinese) (X%), Hong Kong SAR (X%), Japan (X%), China (X%), Singapore (X%) and India (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), Australia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of China (X p.p.), Taiwan (Chinese) (X p.p.), Japan (X p.p.), Singapore (X p.p.), Vietnam (X p.p.), Hong Kong SAR (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Australia ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. India, Indonesia, Japan, Hong Kong SAR, Singapore, Malaysia, the Philippines, China, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Thailand, with a CAGR of X%, saw the highest growth rate of 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

The import price in Asia-Pacific stood at $X per ton in 2023, stabilizing at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform