Price for Monumental or Building Stone, Other than Granite and Sandstone in the Philippines - 2023
Contents:
- Price for Monumental or Building Stone, Other than Granite and Sandstone in the Philippines (CIF) - 2022
- Price for Monumental or Building Stone, Other than Granite and Sandstone in the Philippines (FOB) - 2022
- Imports of Monumental or Building Stone, Other than Granite and Sandstone in the Philippines
- Exports of Monumental or Building Stone, Other than Granite and Sandstone in the Philippines
Price for Monumental or Building Stone, Other than Granite and Sandstone in the Philippines (CIF) - 2022
The average import price for monumental or building stone, other than granite and sandstone stood at $7.1 per ton in 2022, with a decrease of -97.8% against the previous year. Overall, the import price recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 113% against the previous year. As a result, import price reached the peak level of $562 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Japan ($38 per ton), while the price for Thailand ($0.4 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-21.8%), while the prices for the other major suppliers experienced a decline.
Price for Monumental or Building Stone, Other than Granite and Sandstone in the Philippines (FOB) - 2022
The average export price for monumental or building stone, other than granite and sandstone stood at $576 per ton in 2021, dropping by -5.2% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for monumental or building stone, other than granite and sandstone decreased by -33.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 78% against the previous year. As a result, the export price reached the peak level of $872 per ton. From 2019 to 2021, 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 the UK ($11,625 per ton), while the average price for exports to the Netherlands ($148 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+68.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Monumental or Building Stone, Other than Granite and Sandstone in the Philippines
In 2022, the amount of monumental or building stone, other than granite and sandstone imported into the Philippines dropped modestly to 128 tons, with a decrease of -3% on the previous year. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year.
In value terms, imports of monumental or building stone, other than granite and sandstone fell significantly to $918 in 2022. Overall, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11%.
| Import of Monumental or Building Stone, Other than Granite and Sandstone in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.8 | 13.2 | 14.3 | 0.3 | -70.6% |
| India | 17.2 | 7.9 | 9.2 | 0.2 | -77.3% |
| China | 7.1 | 6.7 | 6.2 | 0.1 | -75.9% |
| Japan | 4.1 | 5.1 | 6.1 | 0.1 | -71.0% |
| South Korea | 0.7 | 1.0 | 1.3 | N/A | 36.3% |
| Indonesia | 0.9 | 0.9 | 0.8 | N/A | -5.7% |
| Singapore | 3.5 | 2.4 | 2.3 | N/A | -18.9% |
| Others | 1.4 | 1.4 | 2.6 | N/A | 36.3% |
| Total | 46.8 | 38.6 | 42.7 | 0.9 | -73.2% |
Top Suppliers of Monumental or Building Stone, Other than Granite and Sandstone to the Philippines in 2022:
- United States (69.4 tons)
- India (32.7 tons)
- China (10.6 tons)
- Japan (3.9 tons)
- Indonesia (3.7 tons)
- South Korea (2.4 tons)
- Singapore (1.9 tons)
Exports of Monumental or Building Stone, Other than Granite and Sandstone in the Philippines
Exports of monumental or building stone, other than granite and sandstone from the Philippines surged to 162 tons in 2021, growing by 92% against the year before. Overall, exports, however, faced a abrupt slump.
In value terms, exports of monumental or building stone, other than granite and sandstone skyrocketed to $93K in 2021. Over the period under review, exports, however, showed a abrupt downturn.
| Export of Monumental or Building Stone, Other than Granite and Sandstone in the Philippines (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Germany | 78.8 | 10.5 | 42.1 | -26.9% |
| Netherlands | 15.9 | 12.6 | 16.3 | 1.3% |
| Austria | 14.2 | 11.4 | 15.5 | 4.5% |
| Japan | 5.4 | 4.0 | 5.0 | -3.8% |
| France | 3.6 | 2.4 | 2.7 | -13.4% |
| Singapore | 2.4 | 0.3 | 0.3 | -64.6% |
| Others | 14.9 | 10.0 | 11.3 | -12.9% |
| Total | 135 | 51.3 | 93.2 | -16.9% |
Top Export Markets for Monumental or Building Stone, Other than Granite and Sandstone from the Philippines in 2022:
- Netherlands (109.6 tons)
- Germany (29.8 tons)
- Japan (9.0 tons)
- France (7.2 tons)
- Austria (2.9 tons)
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