Kazakhstan: Granite Block Market 2024

Granite Block Market Size in Kazakhstan

The Kazakh granite block market fell to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Granite Block Production in Kazakhstan

In value terms, granite block production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 44% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Granite Block Exports

Exports from Kazakhstan

In 2022, exports of granite blocks and slabs from Kazakhstan rose notably to X tons, surging by 13% against the year before. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 215%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, granite block exports stood at $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 119%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for granite block exports from Kazakhstan, accounting for a 69% share of total exports. Moreover, granite block exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +15.4%.

In value terms, Russia ($X) remains the key foreign market for granite blocks and slabs exports from Kazakhstan, comprising 91% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +13.7%.

Export Prices by Country

The average granite block export price stood at $X per ton in 2022, dropping by -1.6% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 65%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-1.5%).

Granite Block Imports

Imports into Kazakhstan

In 2022, the amount of granite blocks and slabs imported into Kazakhstan expanded significantly to X tons, with an increase of 9.9% compared with 2021 figures. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by 133% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, granite block imports expanded sharply to $X in 2022. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 145%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of granite block to Kazakhstan, with a 47% share of total imports. Moreover, granite block imports from Iran exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), threefold. The third position in this ranking was held by China (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran amounted to +47.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+101.5% per year) and China (-3.6% per year).

In value terms, the largest granite block suppliers to Kazakhstan were Iran ($X), Uzbekistan ($X) and China ($X), together comprising 60% of total imports.

Among the main suppliers, Uzbekistan, with a CAGR of +112.0%, recorded 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 average granite block import price stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 70% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, 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 Russia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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