India - Marble Building Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIndia's Marble Building Stone Exports Edge Up to $134 Million in 2023
India Marble Building Stone Exports
In 2023, shipments abroad of marble building stone decreased by -1.9% to 150K tons, falling for the second year in a row after two years of growth. In general, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, the exports attained the peak figure at 219K tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
In value terms, marble building stone exports amounted to $134M (IndexBox estimates) in 2023. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of 21%. The exports peaked in 2023 and are likely to continue growth in the immediate term.
| COUNTRY | Export Value of Marble Building Stone in India (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 15.3 | 15.9 | 22.1 | 32.2 | 50.3 | 54.1 | 69.6 | 73.1 | 83.8 | 81.4 | 83.7 |
| Australia | 0.6 | 1.1 | 0.6 | 0.8 | 0.9 | 0.6 | 0.8 | 1.2 | 1.8 | 3.6 | 4.3 |
| United Arab Emirates | 4.3 | 3.5 | 2.5 | 3.4 | 1.6 | 1.1 | 1.3 | 1.4 | 3.3 | 5.9 | 3.8 |
| Denmark | 0.1 | 0.3 | 0.1 | 0.1 | 0.4 | 0.2 | 0.9 | 1.0 | 2.2 | 2.0 | 2.9 |
| United Kingdom | 1.0 | 0.9 | 0.8 | 0.7 | 0.8 | 0.9 | 2.8 | 3.0 | 3.4 | 4.1 | 2.6 |
| Canada | 0.9 | 1.0 | 1.2 | 1.5 | 2.1 | 2.1 | 2.6 | 2.4 | 3.3 | 3.8 | 2.4 |
| Turkey | 1.6 | 1.1 | 1.4 | 1.6 | 1.1 | 1.0 | 0.8 | 0.8 | 0.7 | 0.9 | 2.1 |
| Saudi Arabia | 3.0 | 4.8 | 2.7 | 1.8 | 1.3 | 1.1 | 1.3 | 1.1 | 1.5 | 0.9 | 2.0 |
| Italy | 2.3 | 1.5 | 1.7 | 1.9 | 1.4 | 1.4 | 1.3 | 1.3 | 1.5 | 1.4 | 1.8 |
| Egypt | 7.8 | 7.7 | 9.1 | 6.4 | 2.5 | 4.3 | 1.3 | 0.7 | 0.6 | 0.1 | 0.1 |
| Others | 28.8 | 22.1 | 20.2 | 20.9 | 19.6 | 18.7 | 20.5 | 18.8 | 21.2 | 28.2 | 28.3 |
| Total | 65.7 | 60.0 | 62.5 | 71.3 | 82.1 | 85.6 | 103 | 105 | 123 | 132 | 134 |
Exports by Country
the United States (85K tons) was the main destination for marble building stone exports from India, accounting for a 57% share of total exports. Moreover, marble building stone exports to the United States exceeded the volume sent to the second major destination, Turkey (6.7K tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (3K tons), with a 2% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to the United States totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-0.7% per year) and Saudi Arabia (-15.5% per year).
In value terms, the United States ($84M) remains the key foreign market for marble building stone exports from India, comprising 62% of total exports. The second position in the ranking was taken by Australia ($4.3M), with a 3.2% share of total exports. It was followed by the United Arab Emirates, with a 2.8% share.
From 2013 to 2023, the average annual growth rate of value to the United States stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+22.4% per year) and the United Arab Emirates (-1.2% per year).
Exports by Type
Marble, travertine and alabaster; simply cut or sawn, with a flat or even surface (144K tons) was the largest type of marble building stone exported from India, with a 96% share of total exports. Moreover, marble, travertine and alabaster; simply cut or sawn, with a flat or even surface exceeded the volume of the second product type, marble, travertine and alabaster; articles thereof, (other than simply cut or sawn, with a flat or even surface) (5.6K tons), more than tenfold.
From 2013 to 2023, the average annual rate of growth in terms of the volume of marble, travertine and alabaster; simply cut or sawn, with a flat or even surface exports amounted to -4.0%.
In value terms, marble, travertine and alabaster; simply cut or sawn, with a flat or even surface ($125M) remains the largest type of marble building stone exported from India, comprising 93% of total exports. The second position in the ranking was held by marble, travertine and alabaster; articles thereof, (other than simply cut or sawn, with a flat or even surface) ($9.3M), with a 6.9% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of marble, travertine and alabaster; simply cut or sawn, with a flat or even surface exports amounted to +6.7%.
Export Prices by Country
In 2023, the marble building stone price stood at $894 per ton (FOB, India), picking up by 3.4% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 54% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,425 per ton), while the average price for exports to Egypt ($210 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the marble 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 23701100 - Worked monumental/building stone and articles thereof, in marble, travertine and alabaster excluding tiles, cubes/similar articles, largest surface < 7 cm., setts, kerbstones, flagstones
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
