Price for Monumental or Building Stone, Other than Granite and Sandstone in South Korea - 2022

Contents:

1. Price for Monumental or Building Stone, Other than Granite and Sandstone in South Korea (CIF) - 2022
2. Price for Monumental or Building Stone, Other than Granite and Sandstone in South Korea (FOB) - 2022
3. Imports of Monumental or Building Stone, Other than Granite and Sandstone in South Korea
4. Exports of Monumental or Building Stone, Other than Granite and Sandstone in South Korea

Price for Monumental or Building Stone, Other than Granite and Sandstone in South Korea (CIF) - 2022

In 2022, the average import price for monumental or building stone, other than granite and sandstone amounted to $127 per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. As a result, import price reached the peak level of $160 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($126 per ton), while the price for Vietnam stood at $95 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+51.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Monumental or Building Stone, Other than Granite and Sandstone in South Korea (FOB) - 2022

In 2022, the average export price for monumental or building stone, other than granite and sandstone amounted to $74 per ton, waning by -94.8% against the previous year. Overall, the export price faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 959%. As a result, the export price reached the peak level of $14,958 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +208.4% per year.

Imports of Monumental or Building Stone, Other than Granite and Sandstone in South Korea

In 2022, imports of monumental or building stone, other than granite and sandstone into South Korea dropped to 20K tons, falling by -2.1% compared with 2021. Over the period under review, imports recorded a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 4.5%.

In value terms, imports of monumental or building stone, other than granite and sandstone shrank to $2.5M in 2022. Overall, imports recorded a slight decline. The pace of growth appeared the most rapid in 2021 when imports increased by 2%.

Top Suppliers of Monumental or Building Stone, Other than Granite and Sandstone to South Korea in 2022:

1. China (19.5K tons)

Exports of Monumental or Building Stone, Other than Granite and Sandstone in South Korea

In 2022, the amount of monumental or building stone, other than granite and sandstone exported from South Korea surged to 120 tons, with an increase of 1,601% compared with the previous year. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 29,396% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of monumental or building stone, other than granite and sandstone fell to $9K in 2022. Overall, exports, however, showed a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 2,731% against the previous year.

Top Export Markets for Monumental or Building Stone, Other than Granite and Sandstone from South Korea in 2022:

1. China (120.3 tons)

Source: IndexBox Market Intelligence Platform