Central Asia: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Central Asia

The Central Asian natural stone sett market skyrocketed to $X in 2022, growing by 32% against the previous year. In general, consumption, however, saw prominent growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Production in Central Asia

In value terms, natural stone sett production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 143%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Natural Stone Sett Exports

Exports in Central Asia

In 2022, natural stone sett exports in Central Asia shrank rapidly to X tons, with a decrease of -37.8% against 2021. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 61,596% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural stone sett exports fell to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 10,999% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Uzbekistan (X tons) was the key exporter of natural stone setts, kerbstones and flagstones, comprising 63% of total exports. It was distantly followed by Kyrgyzstan (X tons) and Kazakhstan (X tons), together constituting a 37% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to natural stone sett exports from Uzbekistan stood at -3.5%. At the same time, Kazakhstan (+66.5%) and Kyrgyzstan (+32.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +66.5% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Kazakhstan increased by +63 and +8.5 percentage points, respectively.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +59.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, rising by 37% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the export price increased by 156%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+31.1%), while the other leaders experienced a decline in the export price figures.

Natural Stone Sett Imports

Imports in Central Asia

For the third year in a row, Central Asia recorded decline in supplies from abroad of natural stone setts, kerbstones and flagstones, which decreased by -19.7% to X tons in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 150% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports contracted rapidly to $X in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 382%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkmenistan (X tons) and Kazakhstan (X tons) prevails in imports structure, together constituting 86% of total imports. Mongolia (X tons) ranks next in terms of the total imports with a 7.2% share, followed by Tajikistan (6%).

From 2012 to 2022, the biggest increases were recorded for Mongolia (with a CAGR of -8.6%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Turkmenistan ($X) constitutes the largest market for imported natural stone setts, kerbstones and flagstones in Central Asia, comprising 83% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 11% share of total imports. It was followed by Tajikistan, with a 3.1% share.

In Turkmenistan, natural stone sett imports plunged by an average annual rate of -5.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-15.3% per year) and Tajikistan (-21.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, waning by -26.2% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when the import price increased by 257% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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