Republic of Korea - Granite Blocks And Slabs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGranite Block Price in South Korea - 2022
Contents:
- Granite Block Price in South Korea (CIF) - 2022
- Granite Block Price in South Korea (FOB) - 2022
- Granite Block Imports in South Korea
- Granite Block Exports in South Korea
Granite Block Price in South Korea (CIF) - 2022
In 2022, the average granite block import price amounted to $196 per ton, growing by 8% against the previous year. Over the period under review, the import price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $341 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($596 per ton), while the price for China ($87 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+23.3%), while the prices for the other major suppliers experienced a decline.
Granite Block Price in South Korea (FOB) - 2022
In 2022, the average granite block export price amounted to $290 per ton, declining by -1.8% against the previous year. In general, the export price continues to indicate a slight decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $385 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($998 per ton), while the average price for exports to China stood at $276 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.4%).
Granite Block Imports in South Korea
Granite block imports into South Korea contracted to 4.6K tons in 2022, declining by -8.3% on the year before. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.
In value terms, granite block imports reduced to $909K in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 2% against the previous year.
| Import of Granite Block in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 677 | 179 | 501 | 493.2% |
| China | 245 | 170 | 477 | 288 | 5.5% |
| Canada | 6.5 | 7.3 | 125 | 74.2 | 125.2% |
| India | 62.2 | 18.7 | 66.8 | 45.7 | -9.8% |
| Angola | 417 | N/A | N/A | N/A | 0% |
| Turkey | 162 | N/A | N/A | N/A | 0% |
| Others | 40.5 | 26.4 | 70.0 | N/A | 31.5% |
| Total | 935 | 900 | 917 | 909 | -0.9% |
Top Suppliers of Granite Block to South Korea in 2022:
- China (3.3K tons)
- United States (0.8K tons)
- India (0.3K tons)
- Canada (0.2K tons)
Granite Block Exports in South Korea
In 2022, approx. 365 tons of granite blocks and slabs were exported from South Korea; increasing by 4.6% against the year before. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 20%. As a result, the exports reached the peak of 381 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, granite block exports rose slightly to $106K in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. As a result, the exports attained the peak of $108K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Granite Block in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 94.0 | 94.2 | 86.6 | 98.7 | 1.6% |
| Japan | 2.9 | 10.9 | 12.6 | 7.0 | 34.1% |
| Others | 0.4 | 3.3 | 3.7 | N/A | 204.1% |
| Total | 97.4 | 108 | 103 | 106 | 2.9% |
Top Export Markets for Granite Block from South Korea in 2022:
- China (357.8 tons)
- Japan (7.0 tons)
This report provides an in-depth analysis of the granite block market in Republic of Korea. 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 08111236 - Granite merely cut into rectangular (including square) blocks or slabs
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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.
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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
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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
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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
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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
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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
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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
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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
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