CIS: Granite Building Stone Market 2024

Granite Building Stone Market Size in CIS

In 2023, after three years of growth, there was significant decline in the CIS granite building stone market, when its value decreased by X% to $X. Overall, consumption saw a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Granite Building Stone Production in CIS

In value terms, granite building stone production expanded notably to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Granite Building Stone Exports

Exports in CIS

In 2023, granite building stone exports in the CIS surged to X tons, jumping by X% compared with the year before. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, granite building stone exports surged to $X in 2023. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Exports by Country

Uzbekistan dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. The following exporters - Kyrgyzstan (X tons), Armenia (X tons) and Russia (X tons) - together made up X% of total exports.

Uzbekistan was also the fastest-growing in terms of the granite building stone exports, with a CAGR of X% from 2012 to 2023. At the same time, Armenia (X%), Kyrgyzstan (X%) and Russia (X%) displayed positive paces of growth. From 2012 to 2023, the share of Uzbekistan and Armenia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest granite building stone supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Uzbekistan, granite building stone exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, waning by X% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the export price figures.

Granite Building Stone Imports

Imports in CIS

In 2023, the amount of granite building stone imported in the CIS contracted slightly to X tons, falling by X% against 2022 figures. Over the period under review, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, granite building stone imports declined to $X in 2023. Overall, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons) and Kazakhstan (X tons) represented the main importers of granite building stone in 2023, finishing at near X% and X% of total imports, respectively. Azerbaijan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%). The following importers - Armenia (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported granite building stone in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Uzbekistan, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, approximately equating the previous year. Over the period under review, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform