Iran: Sandstone Market 2024

Sandstone Market Size in Iran

The Iranian sandstone market stood at $X in 2022, approximately equating the previous year. In general, consumption, however, showed a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sandstone Production in Iran

In value terms, sandstone production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Sandstone production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sandstone Exports

Exports from Iran

In 2022, sandstone exports from Iran fell sharply to X tons, waning by -37.9% compared with the previous year. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 313%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sandstone exports fell rapidly to $X in 2022. Overall, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 309%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for sandstone exports from Iran, with a 86% share of total exports. Moreover, sandstone exports to Kazakhstan exceeded the volume sent to the second major destination, Georgia (X tons), more than tenfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +39.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+289.6% per year) and the United Arab Emirates (-10.0% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for sandstone exports from Iran, comprising 79% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Georgia, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +60.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.0% per year) and Georgia (+484.3% per year).

Export Prices by Country

In 2022, the average sandstone export price amounted to $X per ton, approximately reflecting the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sandstone export price decreased by -40.3% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 40% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the 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 the United Arab Emirates ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+57.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sandstone Imports

Imports into Iran

In 2022, after three years of growth, there was decline in overseas purchases of sandstone, when their volume decreased by -3.3% to X tons. Over the period under review, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 149% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sandstone imports fell modestly to $X in 2022. In general, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 9.8%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest sandstone supplier to Iran, accounting for a 68% share of total imports. Moreover, sandstone imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Germany (-5.7% per year).

In value terms, Germany ($X) constituted the largest supplier of sandstone to Iran, comprising 83% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-22.5% per year) and China (-16.4% per year).

Import Prices by Country

The average sandstone import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 167%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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