Report Update Nov 1, 2024

Saudi Arabia - Granite (Crude) - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Crude Granite Market 2024

Crude Granite Market Size in Saudi Arabia

The Saudi crude granite market shrank to $X in 2022, reducing by -7.5% against the previous year. Overall, consumption continues to indicate a mild curtailment. Crude granite consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Crude Granite Production in Saudi Arabia

In value terms, crude granite production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2016 when the production volume increased by 44% against the previous year. Crude granite production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Crude Granite Exports

Exports from Saudi Arabia

In 2022, the amount of granite (crude) exported from Saudi Arabia contracted to X tons, shrinking by -5.1% compared with the previous year's figure. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 477% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude granite exports fell to $X in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 235% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for crude granite exports from Saudi Arabia, accounting for a 94% share of total exports. Moreover, crude granite exports to China exceeded the volume sent to the second major destination, Bahrain (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +20.7%.

In value terms, China ($X) remains the key foreign market for granite (crude) exports from Saudi Arabia, comprising 82% of total exports. The second position in the ranking was held by Bahrain ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +3.7%.

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, waning by -5.7% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+114.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into Saudi Arabia

In 2014, approx. X tons of granite (crude) were imported into Saudi Arabia; growing by 29% on the previous year. The total import volume increased at an average annual rate of +28.6% over the period from 2013 to 2014; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude granite imports skyrocketed to $X in 2014. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2014, Italy (X tons) constituted the largest supplier of crude granite to Saudi Arabia, accounting for a 76% share of total imports. Moreover, crude granite imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold.

From 2013 to 2014, the average annual growth rate of volume from Italy was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of granite (crude) to Saudi Arabia, comprising 75% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports.

From 2013 to 2014, the average annual growth rate of value from Italy was relatively modest.

Import Prices by Country

In 2014, the average crude granite import price amounted to $X per ton, surging by 108% against the previous year. Over the period under review, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2013 to 2014, the rate of growth in terms of prices for Italy amounted to +29.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for granite (crude) in the world?

The countries with the highest volumes of in 2021 were Ukraine, China and the United States, with a combined 38% share of global consumption. India, Indonesia, Japan, Pakistan, Nigeria, Brazil, the UK, Mexico, Poland and South Korea lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of granite (crude) in the world?

The countries with the highest volumes of in 2021 were Ukraine, China and India, with a combined 39% share of global production.

What are the leading suppliers of granite (crude) to Saudi Arabia?

In value terms, Italy constituted the largest supplier of crude granite to Saudi Arabia, comprising 75% of total imports. The second position in the ranking was occupied by Turkey, with a 17% share of total imports.

What are the leading importers of granite (crude) from Saudi Arabia?

In value terms, the largest markets for crude granite exported from Saudi Arabia were the United States and Italy.

What is the average export price for granite (crude) in Saudi Arabia?

The average crude granite export price stood at $154 per ton in 2021, growing by 14% against the previous year.

What is the average import price for granite (crude) in Saudi Arabia?

The average crude granite import price stood at $696 per ton in 2014, surging by 108% against the previous year.

This report provides an in-depth analysis of the crude granite 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 08111233 - Granite, crude or roughly trimmed

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