Report Update Nov 1, 2024

Saudi Arabia - Granite Blocks and Slabs - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Granite Block Market 2024

Granite Block Market Size in Saudi Arabia

In 2022, the Saudi granite block market increased by 23% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Granite Block Production in Saudi Arabia

In value terms, granite block production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 16%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Granite Block Exports

Exports from Saudi Arabia

In 2022, shipments abroad of granite blocks and slabs decreased by -74.5% to X tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, granite block exports reduced rapidly to $X in 2022. In general, exports recorded a precipitous descent. The pace of growth was the most pronounced in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for granite block exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled -15.2%.

In value terms, China ($X) also remains the key foreign market for granite blocks and slabs exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to China amounted to -29.0%.

Export Prices by Country

In 2022, the average granite block export price amounted to $X per ton, with a decrease of -53.7% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -16.2% per year.

Granite Block Imports

Imports by Country

In 2022, Greece (X tons) constituted the largest granite block supplier to Saudi Arabia, accounting for a 43% share of total imports. Moreover, granite block imports from Greece exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold.

From 2020 to 2022, the average annual growth rate of volume from Greece totaled -31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-80.2% per year) and Brazil (0.0% per year).

In value terms, Greece ($X) constituted the largest supplier of granite blocks and slabs to Saudi Arabia, comprising 40% of total imports. The second position in the ranking was taken by Brazil ($X), with a 9.3% share of total imports.

From 2020 to 2022, the average annual rate of growth in terms of value from Greece amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (0.0% per year) and India (-86.8% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for granite blocks and slabs in the world?

The countries with the highest volumes of granite block consumption in 2020 were China, the United States and India, with a combined 38% share of global consumption.

What are the largest producers of granite blocks and slabs in the world?

The countries with the highest volumes of granite block production in 2020 were India, Brazil and China, with a combined 38% share of global production. The United States, Italy, Japan, Russia, Pakistan, Turkey, Spain, Mexico, Portugal and Iran lagged somewhat behind, together accounting for a further 34%.

What are the leading suppliers of granite blocks and slabs to Saudi Arabia?

In value terms, Italy constituted the largest supplier of granite block to Saudi Arabia.

What are the leading importers of granite blocks and slabs from Saudi Arabia?

In value terms, China remains the key foreign market for granite block exports from Saudi Arabia, comprising 95% of total exports. The second position in the ranking was occupied by Jordan, with a 5.4% share of total exports.

What is the average export price for granite blocks and slabs in Saudi Arabia?

The average granite block export price stood at $183 per ton in 2020, declining by -18.3% against the previous year.

What is the average import price for granite blocks and slabs in Saudi Arabia?

In 2020, the average granite block import price amounted to $964 per ton, standing approx. at the previous year.

This report provides an in-depth analysis of the granite block market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111236 - Granite merely cut into rectangular (including square) blocks or slabs

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023