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

Market Size for Granules, Chippings And Powder Of Monumental Stone in the Russian Federation

In 2021, the Russian market for granules, chippings and powder of monumental stone decreased by -6.3% to $X, falling for the third consecutive year after two years of growth. In general, consumption faced a deep contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from the Russian Federation

Monumental stone granules and powder exports from Russia skyrocketed to X tons in 2021, jumping by 72% against the previous year's figure. Over the period under review, exports, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 238%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports soared to $X in 2021. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 236% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons) was the main destination for monumental stone granules and powder exports from Russia, accounting for a 71% share of total exports. Moreover, monumental stone granules and powder exports to Ukraine exceeded the volume sent to the second major destination, Belarus (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine totaled +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-7.1% per year) and Kazakhstan (+8.9% per year).

In value terms, Ukraine ($X), Belarus ($X) and Kazakhstan ($X) constituted the largest markets for monumental stone granules and powder exported from Russia worldwide, together comprising 95% of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, with a decrease of -31.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($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 Georgia (-5.6%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into the Russian Federation

For the fourth year in a row, Russia recorded decline in purchases abroad of granules, chippings and powder of monumental stone, which decreased by -10.2% to X tons in 2021. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 40%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, monumental stone granules and powder imports rose sharply to $X in 2021. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 58% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest monumental stone granules and powder supplier to Russia, with a 84% share of total imports. Moreover, monumental stone granules and powder imports from Norway exceeded the figures recorded by the second-largest supplier, Belarus (X tons), more than tenfold. Estonia (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway totaled +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-1.0% per year) and Estonia (-34.8% per year).

In value terms, the largest monumental stone granules and powder suppliers to Russia were Belarus ($X), Norway ($X) and the Netherlands ($X), with a combined 84% share of total imports.

The Netherlands, with a CAGR of +85.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, with an increase of 22% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 118%. As a result, import price reached the peak level of $X per ton. From 2019 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 Belarus ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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