Report Update Nov 1, 2024

Azerbaijan - Marble Building Stone - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Marble Building Stone Market 2024

Marble Building Stone Market Size in Azerbaijan

In 2021, after two years of decline, there was growth in the Azerbaijani marble building stone market, when its value increased by 2.9% to $X. Overall, consumption, however, continues to indicate a deep setback. Marble building stone consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Marble Building Stone Exports

Exports from Azerbaijan

In 2021, after two years of growth, there was significant decline in overseas shipments of marble building stone, when their volume decreased by -52.9% to X tons. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 1,715%. The exports peaked at X tons in 2020, and then contracted notably in the following year.

In value terms, marble building stone exports reduced notably to $X in 2021. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 2,524%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Georgia (X tons) was the main destination for marble building stone exports from Azerbaijan, accounting for a 96% share of total exports. It was followed by Iraq (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Georgia stood at +44.7%.

In value terms, Georgia ($X) remains the key foreign market for marble building stone exports from Azerbaijan, comprising 84% of total exports. The second position in the ranking was taken by Iraq ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia totaled +33.7%.

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, rising by 19% against the previous year. Over the period under review, the export price, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 207% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Georgia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-7.6%).

Marble Building Stone Imports

Imports into Azerbaijan

Marble building stone imports into Azerbaijan rose modestly to X tons in 2021, with an increase of 1.6% against 2020. Overall, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 56%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, marble building stone imports dropped to $X in 2021. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 43%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Iran (X tons) constituted the largest marble building stone supplier to Azerbaijan, with a 73% share of total imports. Moreover, marble building stone imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2021, the average annual growth rate of volume from Iran amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-14.5% per year) and Italy (-24.5% per year).

In value terms, Iran ($X), Turkey ($X) and Italy ($X) were the largest marble building stone suppliers to Azerbaijan, together comprising 89% of total imports.

Iran, with a CAGR of +13.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, with a decrease of -10.6% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 55% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for marble building stone in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, together accounting for 39% of global consumption. Turkey, Saudi Arabia, India, Spain, Pakistan, Brazil, Indonesia, Israel, Mexico and France lagged somewhat behind, together comprising a further 36%.

What are the largest producers of marble building stone in the world?

The countries with the highest volumes of in 2021 were Turkey, China and Italy, together accounting for 58% of global production. These countries were followed by India, the United States, Spain, Egypt, Pakistan, Brazil, Indonesia, Mexico and Iran, which together accounted for a further 29%.

What are the leading suppliers of marble building stone to Azerbaijan?

In value terms, Iran and Turkey constituted the largest marble building stone suppliers to Azerbaijan.

What are the leading importers of marble building stone from Azerbaijan?

In value terms, Georgia and Iraq appeared to be the largest markets for marble building stone exported from Azerbaijan worldwide.

What is the average export price for marble building stone in Azerbaijan?

The average marble building stone export price stood at $329 per ton in 2021, picking up by 31% against the previous year.

What is the average import price for marble building stone in Azerbaijan?

The average marble building stone import price stood at $405 per ton in 2021, dropping by -44.9% against the previous year.

This report provides an in-depth analysis of the marble building stone market in Azerbaijan. 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:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023