CIS: Marble Building Stone Market 2024

Marble Building Stone Market Size in CIS

After two years of decline, the CIS marble building stone market increased by 18% to $X in 2021. Over the period under review, consumption, however, continues to indicate a mild decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Marble Building Stone Production in CIS

In value terms, marble building stone production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2016 with an increase of 10% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Marble Building Stone Exports

Exports in CIS

In 2021, overseas shipments of marble building stone increased by 20% to X tons, rising for the third consecutive year after two years of decline. In general, exports saw a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of 206% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, marble building stone exports skyrocketed to $X in 2021. Overall, exports enjoyed a notable expansion. The growth pace was the most rapid in 2016 when exports increased by 137% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) and Armenia (X tons) represented the major exporters of marble building stone in 2021, finishing at approx. 38% and 27% of total exports, respectively. Russia (X tons) ranks next in terms of the total exports with a 15% share, followed by Belarus (7.2%), Azerbaijan (6.4%) and Uzbekistan (5.9%).

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +71.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X) emerged as the largest marble building stone supplier in the CIS, comprising 67% of total exports. The second position in the ranking was held by Armenia ($X), with a 12% share of total exports. It was followed by Belarus, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kyrgyzstan totaled +111.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (-8.7% per year) and Belarus (-15.0% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, surging by 67% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 71%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+23.5%), while the other leaders experienced mixed trends in the export price figures.

Marble Building Stone Imports

Imports in CIS

In 2021, imports of marble building stone in the CIS skyrocketed to X tons, with an increase of 24% against the year before. In general, imports, however, recorded a slight setback. The growth pace was the most rapid in 2013 when imports increased by 36%. As a result, imports attained 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 skyrocketed to $X in 2021. Overall, imports, however, recorded a slight reduction. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of marble building stone imports in 2021 were Russia (X tons), Kazakhstan (X tons) and Azerbaijan (X tons), together amounting to 81% of total import. It was distantly followed by Uzbekistan (X tons), generating an 11% share of total imports. The following importers - Armenia (X tons), Moldova (X tons) and Tajikistan (X tons) - together made up 6.1% of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble building stone importing markets in the CIS were Russia ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined 87% share of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +32.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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