Market for Monumental Stone Granules And Powder in Asia
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In 
, the Asian market for granules, chippings and powder of monumental stone increased by % to $, rising for the fifth consecutive year after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
In value terms, monumental stone granules and powder production reduced modestly to $ in estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of %. The level of production peaked at $ in , and then reduced modestly in the following year.
China ( tons) constituted the country with the largest volume of monumental stone granules and powder production, accounting for % of total volume. Moreover, monumental stone granules and powder production in China exceeded the figures recorded by the second-largest producer, India ( tons), fivefold. The third position in this ranking was held by Turkey ( tons), with a % share.
From 2007 to, the average annual growth rate of volume in China totaled -%. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).
, the Asian market for granules, chippings and powder of monumental stone increased by % to $, rising for the fifth consecutive year after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.In value terms, monumental stone granules and powder production reduced modestly to $
in estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of %. The level of production peaked at $ in , and then reduced modestly in the following year.China (
tons) constituted the country with the largest volume of monumental stone granules and powder production, accounting for % of total volume. Moreover, monumental stone granules and powder production in China exceeded the figures recorded by the second-largest producer, India ( tons), fivefold. The third position in this ranking was held by Turkey ( tons), with a % share.From 2007 to
, the average annual growth rate of volume in China totaled -%. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , monumental stone granules and powder consumption in Asia declined modestly to tons, which is down by -% on figures. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The revenue of the market for granules, chippings and powder of monumental stone in Asia expanded slightly to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
, monumental stone granules and powder consumption in Asia declined modestly to tons, which is down by -% on figures. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The revenue of the market for granules, chippings and powder of monumental stone in Asia expanded slightly to $
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
China ( tons) constituted the country with the largest volume of monumental stone granules and powder consumption, accounting for % of total volume. Moreover, monumental stone granules and powder consumption in China exceeded the figures recorded by the second-largest consumer, India ( tons), threefold. The third position in this ranking was held by Turkey ( tons), with an % share.
From 2007 to, the average annual rate of growth in terms of volume in China amounted to -%. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).
In value terms, Saudi Arabia ($) led the market, alone. The second position in the ranking was taken by India ($). It was followed by South Korea.
In Saudi Arabia, the monumental stone granules and powder market expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: India (+% per year) and South Korea (-% per year).
In No countries monumental stone granules and powder per capita consumption remained relatively stable over the period from 2007-.
tons) constituted the country with the largest volume of monumental stone granules and powder consumption, accounting for % of total volume. Moreover, monumental stone granules and powder consumption in China exceeded the figures recorded by the second-largest consumer, India ( tons), threefold. The third position in this ranking was held by Turkey ( tons), with an % share.From 2007 to
, the average annual rate of growth in terms of volume in China amounted to -%. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).In value terms, Saudi Arabia ($
) led the market, alone. The second position in the ranking was taken by India ($). It was followed by South Korea.In Saudi Arabia, the monumental stone granules and powder market expanded at an average annual rate of +
% over the period from 2007-. In the other countries, the average annual rates were as follows: India (+% per year) and South Korea (-% per year).In No countries monumental stone granules and powder per capita consumption remained relatively stable over the period from 2007-
.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Depressed by shrinking demand for monumental stone granules and powder in Asia, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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