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Report Southern Asia - Granite (Crude) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Southern Asia - Granite (Crude) - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Crude Granite Market 2024

Crude Granite Market Size in Southern Asia

The South Asian crude granite market amounted to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Crude Granite Production in Southern Asia

In value terms, crude granite production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw strong growth. The growth pace was the most rapid in 2021 with an increase of 192% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Crude Granite Exports

Exports in Southern Asia

In 2022, overseas shipments of granite (crude) decreased by -14.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 830%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, crude granite exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 830% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

The biggest shipments were from India (X tons), together recording 99.9% of total export.

India was also the fastest-growing in terms of the granite (crude) exports, with a CAGR of +29.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest crude granite supplier in Southern Asia.

In India, crude granite exports increased at an average annual rate of +26.9% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by 0.9%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -2.1% per year.

Crude Granite Imports

Imports in Southern Asia

Crude granite imports surged to X tons in 2022, jumping by 29% on the previous year. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 420%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, crude granite imports totaled $X in 2022. Overall, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 419%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Pakistan (X tons) was the main importer of granite (crude), generating 58% of total imports. Nepal (X tons) took the second position in the ranking, followed by India (X tons). All these countries together took approx. 38% share of total imports. Bangladesh (X tons) held a little share of total imports.

Pakistan was also the fastest-growing in terms of the granite (crude) imports, with a CAGR of +76.5% from 2012 to 2022. At the same time, Nepal (+71.7%) and Bangladesh (+10.3%) displayed positive paces of growth. India experienced a relatively flat trend pattern. While the share of Pakistan (+57 p.p.) and Nepal (+19 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-2.4 p.p.) and India (-74.2 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X), India ($X) and Nepal ($X) constituted the countries with the highest levels of imports in 2022, together comprising 95% of total imports.

Among the main importing countries, Pakistan, with a CAGR of +67.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with a decrease of -11.6% against the previous year. In general, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2013 an increase of 30% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India remains the largest crude granite consuming country in Southern Asia, comprising approx. 60% of total volume. Moreover, crude granite consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, twofold. Sri Lanka ranked third in terms of total consumption with a 3.8% share.
India remains the largest crude granite producing country in Southern Asia, comprising approx. 68% of total volume. Moreover, crude granite production in India exceeded the figures recorded by the second-largest producer, Pakistan, threefold. The third position in this ranking was occupied by Sri Lanka, with a 3% share.
In value terms, India remains the largest crude granite supplier in Southern Asia.
In value terms, India constitutes the largest market for imported granite crude) in Southern Asia, comprising 81% of total imports. The second position in the ranking was occupied by Pakistan, with a 17% share of total imports. It was followed by Bangladesh, with a 0.9% share.
The export price in Southern Asia stood at $113 per ton in 2021, waning by -23.9% against the previous year.
In 2021, the import price in Southern Asia amounted to $229 per ton, rising by 27% against the previous year.

This report provides an in-depth analysis of the crude granite market in Southern Asia. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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