India - Granite Building Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGranite Building Stone Price in India - 2023
Contents:
- Granite Building Stone Price in India (FOB) - 2023
- Granite Building Stone Price in India (CIF) - 2023
- Granite Building Stone Exports in India
- Granite Building Stone Imports in India
Granite Building Stone Price in India (FOB) - 2023
In July 2023, the average granite building stone export price amounted to $424 per ton, standing approximately at the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 13% month-to-month. As a result, the export price reached the peak level of $448 per ton. From June 2023 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Germany ($913 per ton), while the average price for exports to Saudi Arabia ($164 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Granite Building Stone Price in India (CIF) - 2023
In July 2023, the average granite building stone import price amounted to $1,368 per ton, dropping by -22.8% against the previous month. Over the period under review, the import price, however, continues to indicate notable growth. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 88% month-to-month. Over the period under review, average import prices hit record highs at $2,260 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($1,719 per ton), while the price for Switzerland ($376 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Granite Building Stone Exports in India
In 2022, overseas shipments of granite building stone decreased by -68.3% to 753K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of 2.4M tons, and then fell sharply in the following year.
In value terms, granite building stone exports shrank markedly to $382M in 2022. Overall, exports showed a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $1.1B, and then dropped sharply in the following year.
Export of Granite Building Stone in India (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 201 | 216 | 248 | 90.0 | -23.5% |
Vietnam | 124 | 142 | 150 | 54.8 | -23.8% |
Germany | 52.7 | 49.2 | 59.2 | 22.0 | -25.3% |
Poland | 28.7 | 28.1 | 41.1 | 16.4 | -17.0% |
United Arab Emirates | 36.5 | 34.4 | 40.3 | 14.7 | -26.2% |
Saudi Arabia | 26.9 | 44.3 | 37.2 | 13.6 | -20.3% |
Italy | 21.6 | 20.1 | 30.5 | 11.5 | -19.0% |
Turkey | 28.2 | 27.1 | 28.7 | 10.7 | -27.6% |
Egypt | 20.9 | 25.2 | 26.1 | 10.5 | -20.5% |
Qatar | 8.3 | 11.8 | 24.0 | 8.8 | 2.0% |
Nepal | 11.3 | 12.5 | 23.2 | 8.5 | -9.1% |
Libya | 23.8 | 13.3 | 18.6 | 7.0 | -33.5% |
Iraq | 11.7 | 10.4 | 13.2 | 4.8 | -25.7% |
Others | 297 | 271 | 335 | 109 | -28.4% |
Total | 892 | 906 | 1,076 | 382 | -24.6% |
Top Export Markets for Granite Building Stone from India in 2022:
- Vietnam (147.8K tons)
- United States (120.4K tons)
- Egypt (52.2K tons)
- Saudi Arabia (43.4K tons)
- United Arab Emirates (40.4K tons)
- Nepal (36.7K tons)
- Turkey (25.8K tons)
- Poland (25.0K tons)
- Germany (21.9K tons)
- Qatar (20.3K tons)
- Libya (17.8K tons)
- Italy (17.0K tons)
- Iraq (13.9K tons)
Granite Building Stone Imports in India
In 2022, overseas purchases of granite building stone increased by 60% to 3.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic setback.
In value terms, granite building stone imports skyrocketed to $3.7M in 2022. Over the period under review, imports, however, faced a precipitous shrinkage.
Import of Granite Building Stone in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,162 | 336 | 581 | 1,132 | -0.9% |
Brazil | 1,092 | 594 | 240 | 634 | -16.6% |
Namibia | 1,106 | 999 | 567 | 538 | -21.4% |
Italy | 1,801 | 403 | 126 | 232 | -49.5% |
Taiwan (Chinese) | 359 | 353 | 218 | 226 | -14.3% |
Malaysia | 223 | 212 | 127 | 127 | -17.1% |
Norway | 20.6 | 57.6 | 50.6 | 91.1 | 64.1% |
Sri Lanka | 718 | 225 | 152 | 77.3 | -52.4% |
Nepal | 408 | 137 | 29.3 | 66.9 | -45.3% |
Vietnam | 283 | 77.5 | 68.7 | 59.4 | -40.6% |
Canada | 32.2 | 35.5 | 55.0 | 47.6 | 13.9% |
Zimbabwe | 30.9 | 26.5 | 14.3 | 12.8 | -25.5% |
Portugal | 33.1 | 24.2 | 10.4 | 10.4 | -32.0% |
Others | 996 | 781 | 434 | 425 | -24.7% |
Total | 8,265 | 4,262 | 2,675 | 3,679 | -23.6% |
Top Suppliers of Granite Building Stone to India in 2022:
- China (997.8 tons)
- Namibia (412.7 tons)
- Brazil (405.8 tons)
- Taiwan (Chinese) (212.9 tons)
- Norway (200.4 tons)
- Malaysia (135.3 tons)
- Italy (110.6 tons)
- Zimbabwe (76.9 tons)
- Sri Lanka (69.8 tons)
- Portugal (66.7 tons)
- Nepal (66.3 tons)
- Vietnam (60.4 tons)
- Canada (55.8 tons)
This report provides an in-depth analysis of the granite building stone market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the granite building stone market in India.
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This report provides an in-depth analysis of the granite building stone market in India.
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In January 2023, the growth rate of Granite Building Stone was particularly significant, with a month-on-month increase of 12%. The value of exports for Granite Building Stone also showed substantial expansion, reaching $86M in July 2023.
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.
In January 2023, the growth rate of Granite Building Stone was particularly significant, with a month-on-month increase of 12%. The value of exports for Granite Building Stone also showed substantial expansion, reaching $86M in July 2023.
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
Explore the top import markets for marble building stone and the key statistics behind them. Discover the countries driving the global demand for this exquisite construction material.