Iran: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Iran

In 2021, the Iranian calcareous building stone market was finally on the rise to reach $X after three years of decline. In general, consumption, however, saw a noticeable downturn. Calcareous building stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calcareous Building Stone Production in Iran

In value terms, calcareous building stone production expanded to $X in 2021 estimated in export price. In general, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Calcareous Building Stone Exports

Exports from Iran

In 2021, overseas shipments of calcareous building stone were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 386% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, calcareous building stone exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 506%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for calcareous building stone exports from Iran, accounting for a 79% share of total exports. Moreover, calcareous building stone exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+112.0% per year) and Italy (-13.2% per year).

In value terms, China ($X) remains the key foreign market for calcareous building stone exports from Iran, comprising 91% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+71.4% per year) and Italy (-21.0% per year).

Export Prices by Country

The average calcareous building stone export price stood at $X per ton in 2021, dropping by -1.8% against the previous year. In general, the export price saw a pronounced curtailment. The pace of growth was the most pronounced in 2018 an increase of 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 China ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Calcareous Building Stone Imports

Imports into Iran

In 2021, purchases abroad of calcareous building stone decreased by -78.3% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports continue to indicate a dramatic setback. The growth pace was the most rapid in 2016 with an increase of 549%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, calcareous building stone imports declined notably to $X in 2021. In general, imports faced a sharp reduction. The growth pace was the most rapid in 2016 when imports increased by 509%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of calcareous building stone to Iran, accounting for a 88% share of total imports. Moreover, calcareous building stone imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -33.1%.

In value terms, China ($X) and Turkey ($X) were the largest calcareous building stone suppliers to Iran.

Among the main suppliers, Turkey, with a CAGR of -27.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average calcareous building stone import price amounted to $X per ton, increasing by 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 an increase of 8.5%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+18.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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