Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China - 2023
Contents:
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China (FOB) - 2022
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China (CIF) - 2022
- Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China
- Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China (FOB) - 2022
The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.2 per unit in 2022, reducing by -9.4% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for millstones, grindstones, grinding wheels and the like; of natural stones increased by +1.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 43%. The export price peaked at $0.2 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($0.3 per unit), while the average price for exports to South Korea ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China (CIF) - 2022
The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $1.7 per unit in 2022, reducing by -5.8% against the previous year. Over the period under review, the import price saw a pronounced setback. The most prominent rate of growth was recorded in 2020 an increase of 24%. Over the period under review, average import prices hit record highs at $2.1 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2.5 per unit), while the price for Taiwan (Chinese) ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China
Exports of millstones, grindstones, grinding wheels and the like; of natural stones from China dropped to 105M units in 2022, reducing by -2.5% compared with 2021 figures. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. As a result, the exports reached the peak of 108M units, and then contracted in the following year.
In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones contracted to $18M in 2022. Over the period under review, exports showed a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of $21M, and then shrank in the following year.
| Export of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.5 | 3.4 | 5.8 | 5.7 | -4.3% |
| Vietnam | 0.7 | 0.7 | 1.3 | 2.3 | 48.7% |
| Thailand | 1.0 | 0.7 | 1.3 | 1.4 | 11.9% |
| United States | 0.6 | 1.5 | 1.9 | 1.3 | 29.4% |
| Indonesia | 0.3 | 0.3 | 0.4 | 0.7 | 32.6% |
| Brazil | 0.2 | 0.2 | 0.6 | 0.6 | 44.2% |
| Nepal | 3.1 | 0.4 | 0.9 | 0.6 | -42.2% |
| Bangladesh | 2.5 | 1.9 | 1.7 | 0.6 | -37.9% |
| Malaysia | 0.2 | 1.5 | 0.6 | 0.4 | 26.0% |
| Germany | 0.3 | 0.3 | 1.2 | 0.4 | 10.1% |
| Russia | 0.4 | 0.4 | 0.3 | 0.4 | 0.0% |
| Myanmar | N/A | 0.1 | N/A | 0.3 | 73.2% |
| South Korea | 0.1 | 0.4 | 0.2 | 0.1 | 0.0% |
| Others | 2.9 | 3.0 | 4.4 | 3.2 | 3.3% |
| Total | 19.0 | 14.9 | 20.5 | 18.2 | -1.4% |
Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from China in 2022:
- India (42.5M units)
- Thailand (9.4M units)
- Vietnam (8.1M units)
- Indonesia (6.4M units)
- Myanmar (4.5M units)
- United States (3.8M units)
- Brazil (3.2M units)
- Nepal (3.2M units)
- Bangladesh (3.1M units)
- Germany (2.0M units)
- Russia (2.0M units)
- Malaysia (1.1M units)
- South Korea (0.8M units)
Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China
In 2022, approx. 4M units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into China; falling by -13.7% against the previous year's figure. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 1.1% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at 6.8M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones declined notably to $6.7M in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $8.3M, and then shrank markedly in the following year.
| Import of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.0 | 2.8 | 4.9 | 3.8 | 8.2% |
| United States | 0.9 | 0.9 | 0.6 | 0.9 | 0.0% |
| Austria | 1.6 | 1.8 | 1.2 | 0.9 | -17.5% |
| Germany | 0.7 | 0.4 | 0.5 | 0.4 | -17.0% |
| South Korea | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Italy | 0.9 | 0.1 | N/A | N/A | -88.9% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 8.1 | 6.8 | 8.3 | 6.7 | -6.1% |
Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to China in 2022:
- Japan (1527.1K units)
- Austria (859.0K units)
- South Korea (496.0K units)
- United States (467.9K units)
- Taiwan (Chinese) (423.5K units)
- Germany (179.2K units)
- Italy (7.2K units)
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