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

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

The Saudi market for granules, chippings and powder of monumental stone soared to $X in 2021, with an increase of 17% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Monumental stone granules and powder consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Saudi Arabia

In value terms, monumental stone granules and powder production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 149%. Monumental stone granules and powder production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Saudi Arabia

For the third year in a row, Saudi Arabia recorded decline in overseas shipments of granules, chippings and powder of monumental stone, which decreased by -25.6% to X tons in 2021. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports reduced sharply to $X in 2021. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for monumental stone granules and powder exports from Saudi Arabia, with a 93% share of total exports. It was followed by the United Arab Emirates (X kg), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait stood at -49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-51.4% per year) and Germany (+4.9% per year).

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Germany ($X) appeared to be the largest markets for monumental stone granules and powder exported from Saudi Arabia worldwide, together comprising 27% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +3.6%, recorded the highest growth rate of 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, declining by -6.2% against the previous year. Overall, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 84%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($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 the United Arab Emirates (+56.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Saudi Arabia

In 2021, supplies from abroad of granules, chippings and powder of monumental stone decreased by -39% to X tons, falling for the second year in a row after five years of decline. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 19% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, monumental stone granules and powder imports dropped remarkably to $X in 2021. Over the period under review, imports showed a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of 29% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

South Africa (X tons), Turkey (X tons) and China (X tons) were the main suppliers of monumental stone granules and powder imports to Saudi Arabia, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +58.8%), while imports for the other leaders experienced a decline.

In value terms, the largest monumental stone granules and powder suppliers to Saudi Arabia were South Africa ($X), China ($X) and Turkey ($X), together accounting for 87% of total imports.

In terms of the main suppliers, South Africa, with a CAGR of +55.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, with an increase of 2.8% against the previous year. In general, the import price posted a tangible increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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