United Arab Emirates: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in the United Arab Emirates

In 2021, after three years of growth, there was significant decline in the market for granules, chippings and powder of monumental stone in the United Arab Emirates, when its value decreased by -7% to $X. Overall, consumption recorded a pronounced decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in the United Arab Emirates

In value terms, monumental stone granules and powder production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from the United Arab Emirates

In 2021, approx. X tons of granules, chippings and powder of monumental stone were exported from the United Arab Emirates; picking up by 209% on the year before. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 3,020%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports skyrocketed to $X in 2021. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 2,309% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X tons) was the main destination for monumental stone granules and powder exports from the United Arab Emirates, with a 80% share of total exports. Moreover, monumental stone granules and powder exports to Maldives exceeded the volume sent to the second major destination, India (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Maldives stood at +38.6%.

In value terms, Maldives ($X) remains the key foreign market for granules, chippings and powder of monumental stone exports from the United Arab Emirates, comprising 75% of total exports. The second position in the ranking was held by India ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Maldives totaled +43.2%.

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, growing by 4.2% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2018 when the average export price increased by 144%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+3.4%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into the United Arab Emirates

After two years of growth, purchases abroad of granules, chippings and powder of monumental stone decreased by -63.5% to X tons in 2021. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 736%. Over the period under review, imports reached the maximum at X tons in 2020, and then plummeted in the following year.

In value terms, monumental stone granules and powder imports reduced markedly to $X in 2021. Over the period under review, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2015 when imports increased by 330% against the previous year. Imports peaked at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

In 2021, Iran (X tons) constituted the largest supplier of monumental stone granules and powder to the United Arab Emirates, with a 87% share of total imports. Moreover, monumental stone granules and powder imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Iran totaled +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.7% per year) and Italy (-1.6% per year).

In value terms, Iran ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to the United Arab Emirates, comprising 34% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Iran totaled +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+58.8% per year) and France (+24.0% per year).

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, reducing by -13.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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