China’s marble and granite products imports in 2020

The statistics of China’s marble and granite products imports in 2020 are impressive …

China’s marble and granite products imports recorded a different course in 2020, according to statistics from the General Administration of Customs of the People’s Republic of China. The data show that China, in the shadow of the COVID-19 pandemic and the lockdowns, has significantly reduced marble imports, while increasing granite products imports.

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Marble

In the marble products imports between 2019 – 2020, a decrease of -22.27% in value and -28.05% in the quantity of imports was recorded. In the Table below we see the monthly changes (%) in China’s marble products imports.

In the Table we observe that between 2019 – 2020 were recorded in the value of imports nine months of decline and only three increases while in quantity the decline is continuous throughout 2020. However, the rapid rise of imports, from August to December, gave boost to the marble market and cut the losses of China’s major suppliers. In 2020 the month with the highest imports was March, while with the lowest it was May.

Granite

In contrast to marble, China’s granite products imports between 2019 – 2020 increased + 7.58% in quantity, while in value they remained marginally stable, recording a decrease of -0.56%. In the Table below we see the monthly changes (%) in the granite products imports of China.

In the Table we observe the clearly different course of the imports of marble and granite. The rise of imports in the second half of the year improved the already positive course of the first half leading the overall rise between 2019 – 2020. The month with the highest imports was September, while the lowest was May.

Facts and Figures 2021

China is the only major economy in the world to grow by 2.3% in 2020, while the forecasts of credit rating agencies and many financial analysts point to 8% growth in 2021. Despite China’s recovery, many Major destinations for marble and granite products are facing an unprecedented crisis due to the pandemic. However, the new regional Comprehensive Economic Partnership (RCEP) trade agreement, which provides for the reduction or even zeroing of trade duties between 15 Asia-Pacific countries, is expected to boost the exports of China. RCEP countries absorb about 50% of China’s finished marble products and granite exports. Closing, we note that China’s new five-year plan focuses on domestic consumption.

 

*The statistics are derived from the analysis of the Harmonized System (HS) Codes:

25151100: Marble & travertine, crude or roughly trimmed.

25151200: Marble & travertine, merely cut into a square / rectangular blocks / slabs.

25181000: Dolomite, not calcined / sintered.

68022110: Monumental / building stone of marble, cut / sawn flat or even.

68029110: Carvings of marble, travertine and alabaster.

68029190: Worked building stone nes, of marble, travertine and alabaster.

25161100: Granite, crude or roughly trimmed.

25161200: Granite, merely cut into a square / rectangular blocks / slabs.

68022300: Monumental / building stone, cut / sawn flat or even, granite.

68029311: Gravestones of granite.

68029319: Other carvings of granite.

68029390: Worked building stone nes, of granite.

*Due to consistent data flow, statistics may alter during the year

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