Central Asia: Granite Block Market 2024

Granite Block Market Size in Central Asia

In 2022, the Central Asian granite block market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Granite Block Production in Central Asia

In value terms, granite block production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Granite Block Exports

Exports in Central Asia

In 2022, the amount of granite blocks and slabs exported in Central Asia rose significantly to X tons, growing by 10% compared with the previous year. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 215% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, granite block exports rose markedly to $X in 2022. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 100% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, amounting to X tons, which was approx. 95% of total exports in 2022. Kyrgyzstan (X tons) followed a long way behind the leaders.

Exports from Kazakhstan increased at an average annual rate of +14.3% from 2012 to 2022. At the same time, Kyrgyzstan (+19.8%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +19.8% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest granite block supplier in Central Asia, comprising 93% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan stood at +10.4%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with a decrease of -2.3% against the previous year. Over the period under review, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2013 when the export price increased by 71%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.4%).

Granite Block Imports

Imports in Central Asia

In 2022, approx. X tons of granite blocks and slabs were imported in Central Asia; with an increase of 20% compared with 2021 figures. Overall, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of 63%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, granite block imports shrank remarkably to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 46%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kyrgyzstan (X tons) and Kazakhstan (X tons) prevails in imports structure, together achieving 91% of total imports. It was distantly followed by Uzbekistan (X tons), constituting a 4.8% share of total imports. Turkmenistan (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkmenistan (with a CAGR of +25.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kazakhstan ($X) constitutes the largest market for imported granite blocks and slabs in Central Asia, comprising 62% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 22% share of total imports. It was followed by Uzbekistan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +15.3%. In the other countries, the average annual rates were as follows: Kyrgyzstan (-19.2% per year) and Uzbekistan (-20.8% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, declining by -53.9% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 21% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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