Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India - 2023
Contents:
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India (CIF) - 2022
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India (FOB) - 2022
- Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India
- Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India (CIF) - 2022
In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.1 per unit, which is down by -5.4% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the peak figure at $0.5 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Thailand ($0.8 per unit), while the price for China totaled $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%).
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India (FOB) - 2022
In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to less than $0.1 per unit, reducing by -51% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 30% against the previous year. The export price peaked at $0.2 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($0.2 per unit), while the average price for exports to Bangladesh (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India
In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into India contracted to 53M units, falling by -1.6% compared with the previous year's figure. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones reached the maximum at 83M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones contracted to $6.2M in 2022. Overall, imports continue to indicate a dramatic contraction. Imports peaked at $16M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 2.9 | 3.9 | 4.1 | -5.8% |
| Thailand | 8.6 | 2.2 | N/A | N/A | -74.4% |
| Others | 3.0 | 2.7 | 2.7 | 2.1 | -11.2% |
| Total | 16.5 | 7.7 | 6.7 | 6.2 | -27.8% |
Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to India in 2022:
- China (51.4M units)
Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India
In 2022, approx. 67M units of millstones, grindstones, grinding wheels and the like; of natural stones were exported from India; picking up by 81% against 2021 figures. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 132%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones reduced to $2M in 2022. Over the period under review, exports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2021 with an increase of 121%. As a result, the exports attained the peak of $2.3M, and then dropped in the following year.
| Export of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 42.1 | 67.5 | 149 | 573 | 138.8% |
| United Arab Emirates | 224 | 74.4 | 531 | 432 | 24.5% |
| Oman | N/A | N/A | 1.7 | 186 | 10841.2% |
| Thailand | 0.1 | 1.4 | 59.7 | 146 | 1034.4% |
| Kuwait | 0.1 | 1.2 | 21.9 | 136 | 1007.9% |
| Nepal | 69.8 | 62.1 | 106 | 53.5 | -8.5% |
| Bhutan | 16.3 | 27.0 | 51.9 | 50.7 | 46.0% |
| Qatar | 1,032 | 498 | 793 | 8.2 | -80.0% |
| Bangladesh | 38.3 | 38.7 | 18.0 | 6.3 | -45.2% |
| Others | 423 | 274 | 577 | 456 | 2.5% |
| Total | 1,846 | 1,044 | 2,309 | 2,048 | 3.5% |
Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from India in 2022:
- Saudi Arabia (34.7M units)
- United Arab Emirates (14.5M units)
- Kuwait (6.5M units)
- Thailand (2.6M units)
- Oman (1.3M units)
- Nepal (1.2M units)
- Bhutan (1.0M units)
- Bangladesh (0.5M units)
- Qatar (0.1M units)
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