Oman: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Oman

The Omani market for granite, sandstone and other building stone stood at $X in 2017, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2017, consumption failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from Oman

Exports of granite, sandstone and other building stone from Oman shrank remarkably to X tons in 2021, declining by -17.6% on 2020 figures. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by 55% against the previous year. The exports peaked at X tons in 2020, and then reduced sharply in the following year.

In value terms, exports of granite, sandstone and other building stone reached $X in 2021. Overall, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 5.6%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), India (X tons) and Kuwait (X tons) were the main destinations of exports of granite, sandstone and other building stone from Oman, with a combined 12% share of total exports.

From 2012 to 2021, the biggest increases were in Kuwait (with a CAGR of +57.2%), while shipments for the other leaders experienced a decline.

In value terms, Bahrain ($X) remains the key foreign market for granite, sandstone and other building stone exports from Oman, comprising 41% of total exports. The second position in the ranking was held by India ($X), with a 5.7% share of total exports. It was followed by the United Arab Emirates, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Bahrain totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-17.0% per year) and the United Arab Emirates (-10.4% per year).

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, surging by 23% against the previous year. In general, the export price, however, saw a deep contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to the United Arab Emirates ($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 Bahrain (+34.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into Oman

In 2021, purchases abroad of granite, sandstone and other building stone was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 90%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone skyrocketed to $X in 2021. In general, imports, however, showed a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of 41% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of granite, sandstone and other building stone to Oman, accounting for a 138% share of total imports. Moreover, imports of granite, sandstone and other building stone from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold. Pakistan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.5% per year) and Pakistan (+28.9% per year).

In value terms, India ($X) constituted the largest supplier of granite, sandstone and other building stone to Oman, comprising 60% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Iran, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.5% per year) and Iran (+26.1% per year).

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, declining by -5.3% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of 41%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :