Iran: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Iran

The Iranian market for granules, chippings and powder of monumental stone reached $X in 2021, with an increase of 2% against the previous year. Overall, consumption continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 8.9%. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Monumental Stone in Iran

In value terms, monumental stone granules and powder production reached $X in 2021 estimated in export price. In general, production continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Iran

In 2021, shipments abroad of granules, chippings and powder of monumental stone increased by 137% to X tons, rising for the second year in a row after two years of decline. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 440%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports skyrocketed to $X in 2021. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 466% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for monumental stone granules and powder exports from Iran, with a 72% share of total exports. Moreover, monumental stone granules and powder exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), fivefold. The third position in this ranking was held by Iraq (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+21.4% per year) and Iraq (+22.4% per year).

In value terms, the largest markets for monumental stone granules and powder exported from Iran were the United Arab Emirates ($X), Iraq ($X) and Kuwait ($X), with a combined 90% share of total exports.

Kuwait, with a CAGR of +30.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, reducing by -43% against the previous year. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 28%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kuwait (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Iran

In 2021, after two years of decline, there was significant growth in supplies from abroad of granules, chippings and powder of monumental stone, when their volume increased by 727% to X tons. In general, imports, however, continue to indicate a sharp decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports soared to $X in 2021. Overall, imports, however, showed a dramatic descent. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of monumental stone granules and powder imports to Iran, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +40.8%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), China ($X) and Turkey ($X) were the largest monumental stone granules and powder suppliers to Iran, with a combined 82% share of total imports.

The United Arab Emirates, with a CAGR of -0.6%, 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 import price for granules, chippings and powder of monumental stone amounted to $X per ton, falling by -18.8% against the previous year. Overall, the import price, however, recorded a temperate increase. The growth pace was the most rapid in 2014 when the average import price increased by 110% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average 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 the United Arab Emirates ($X per ton), while the price for Italy ($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 (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :