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

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

The Pakistani market for granules, chippings and powder of monumental stone contracted modestly to $X in 2021, falling by -4.8% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

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

In value terms, monumental stone granules and powder production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 44%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Pakistan

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -83.3% to X tons, falling for the second year in a row after three years of growth. In general, exports recorded a sharp descent. The pace of growth appeared the most rapid in 2015 with an increase of 211%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports reduced dramatically to $X in 2021. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2015 when exports increased by 250%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for monumental stone granules and powder exports from Pakistan, accounting for a 92% share of total exports. Moreover, monumental stone granules and powder exports to Oman exceeded the volume sent to the second major destination, Djibouti (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to +122.2%.

In value terms, Oman ($X) emerged as the key foreign market for granules, chippings and powder of monumental stone exports from Pakistan, comprising 90% of total exports. The second position in the ranking was taken by Djibouti ($X), with a 9.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +57.8%.

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, rising by 92% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monumental stone granules and powder export price decreased by -8.9% against 2018 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Djibouti ($X per ton), while the average price for exports to Oman amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (-4.5%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Pakistan

Monumental stone granules and powder imports into Pakistan contracted rapidly to X tons in 2021, with a decrease of -77.3% against the previous year's figure. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 146%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, monumental stone granules and powder imports dropped dramatically to $X in 2021. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 98%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest monumental stone granules and powder supplier to Pakistan, with a 76% share of total imports. Moreover, monumental stone granules and powder imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.6% per year) and Germany (+144.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to Pakistan, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.5% per year) and Germany (+188.1% per year).

Import Prices by Country

In 2021, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, surging by 35% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 when the average import price increased by 89%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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