Price for Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR - 2023
Contents:
- Price for Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR (FOB) - 2022
- Price for Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR (CIF) - 2022
- Exports of Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR
- Imports of Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR
Price for Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for monumental or building stone, other than granite and sandstone amounted to $707 per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79%. Over the period under review, the average export prices attained the maximum at $1,010 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($2,823 per ton), while the average price for exports to Burkina Faso ($13 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 Maldives (+728.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for monumental or building stone, other than granite and sandstone amounted to $213 per ton, which is down by -7% against the previous year. Overall, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 144% against the previous year. As a result, import price attained the peak level of $528 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($567 per ton), while the price for Portugal ($70 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR
In 2022, approx. 104 tons of monumental or building stone, other than granite and sandstone were exported from Hong Kong SAR; picking up by 27% compared with the year before. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 226% against the previous year. As a result, the exports attained the peak of 125 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of monumental or building stone, other than granite and sandstone skyrocketed to $73K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 222%. As a result, the exports reached the peak of $89K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.2 | 27.4 | 42.8 | 50.5 | 101.2% |
| Thailand | 4.8 | 18.7 | 2.8 | 4.5 | -2.1% |
| Israel | 1.0 | 3.0 | 1.4 | 3.8 | 56.0% |
| China | 3.6 | 7.8 | 2.7 | 3.5 | -0.9% |
| Germany | 1.3 | 5.9 | 1.9 | 2.4 | 22.7% |
| Belgium | 0.9 | 2.2 | 0.8 | 1.2 | 10.1% |
| Ireland | 0.6 | 2.9 | 0.4 | 0.2 | -30.7% |
| Burkina Faso | N/A | N/A | N/A | 0.1 | 0% |
| Papua New Guinea | 0.1 | N/A | N/A | N/A | 0% |
| Others | 8.9 | 20.5 | 5.3 | 7.1 | -7.3% |
| Total | 27.5 | 88.5 | 58.0 | 73.2 | 38.6% |
Top Export Markets for Monumental or Building Stone, Other than Granite and Sandstone from Hong Kong SAR in 2022:
- Denmark (50.2 tons)
- Israel (13.7 tons)
- Thailand (12.7 tons)
- Belgium (12.1 tons)
- Germany (5.2 tons)
- Burkina Faso (5.1 tons)
- China (1.6 tons)
- Ireland (0.1 tons)
Imports of Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR
In 2022, imports of monumental or building stone, other than granite and sandstone into Hong Kong SAR reduced sharply to 158 tons, declining by -70.5% compared with 2021 figures. Overall, imports recorded a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 1,089% against the previous year.
In value terms, imports of monumental or building stone, other than granite and sandstone fell sharply to $34K in 2022. Over the period under review, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 416% against the previous year.
| Import of Monumental or Building Stone, Other than Granite and Sandstone in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.3 | 1.4 | 17.3 | 8.5 | -22.6% |
| Norway | 17.8 | 3.3 | 10.9 | 5.2 | -33.6% |
| Ukraine | 63.9 | 4.7 | 34.5 | 3.0 | -63.9% |
| Madagascar | 23.8 | 3.1 | 6.6 | 2.1 | -55.5% |
| Portugal | 12.9 | 2.1 | 6.5 | 1.8 | -48.1% |
| Armenia | N/A | N/A | N/A | 1.6 | 0% |
| Turkey | 4.9 | 1.1 | 5.3 | 1.5 | -32.6% |
| India | 8.5 | 1.3 | 3.3 | 0.9 | -52.7% |
| Others | 72.0 | 6.7 | 38.7 | 9.2 | -49.6% |
| Total | 222 | 23.8 | 123 | 33.7 | -46.7% |
Top Suppliers of Monumental or Building Stone, Other than Granite and Sandstone to Hong Kong SAR in 2022:
- China (55.3 tons)
- Portugal (25.7 tons)
- Ukraine (20.8 tons)
- Norway (18.1 tons)
- India (12.6 tons)
- Turkey (8.9 tons)
- Armenia (7.6 tons)
- Madagascar (3.6 tons)
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