Iran: Marble Building Stone Market 2024

Marble Building Stone Market Size in Iran

The Iranian marble building stone market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Marble Building Stone Production in Iran

In value terms, marble building stone production rose rapidly to $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 46%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Marble Building Stone Exports

Exports from Iran

In 2021, overseas shipments of marble building stone were finally on the rise to reach X tons after two years of decline. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 111%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, marble building stone exports skyrocketed to $X in 2021. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 103%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main destinations of marble building stone exports from Iran, with a combined 42% share of total exports. Romania, Qatar, Georgia, Malaysia, Armenia, Oman, Italy, Tajikistan, Australia and Greece lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +110.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Tajikistan ($X) and Turkey ($X) constituted the largest markets for marble building stone exported from Iran worldwide, with a combined 36% share of total exports.

Tajikistan, with a CAGR of +168.1%, recorded the highest rates of growth with regard to the value of exports, among 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 marble building stone export price stood at $X per ton in 2021, increasing by 39% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Oman ($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 Tajikistan (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Iran

In 2021, supplies from abroad of marble building stone increased by 46% to X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, recorded a sharp curtailment. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, marble building stone imports declined significantly to $X in 2021. Overall, imports, however, continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 89%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of marble building stone imports to Iran, together comprising 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of marble building stone to Iran, comprising 53% of total imports. The second position in the ranking was taken by Turkey ($X), with a 20% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-19.5% per year) and Malaysia (0.0% per year).

Import Prices by Country

The average marble building stone import price stood at $X per ton in 2021, waning by -43.8% against the previous year. In general, the import price, however, saw noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of 96%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

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 China ($X per ton), while the price for India ($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 (+20.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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