India - Granite Blocks And Slabs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGranite Block Price in India - 2023
Contents:
- Granite Block Price in India (FOB) - 2023
- Granite Block Price in India (CIF) - 2023
- Granite Block Exports in India
- Granite Block Imports in India
Granite Block Price in India (FOB) - 2023
In July 2023, the average granite block export price amounted to $161 per ton, stabilizing at the previous month. Overall, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in December 2022 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices hit record highs at $212 per ton in July 2022; however, from August 2022 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Algeria ($346 per ton), while the average price for exports to Bangladesh ($92.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-0.4%), while the prices for the other major destinations experienced a decline.
Granite Block Price in India (CIF) - 2023
In July 2023, the average granite block import price amounted to $341 per ton, declining by -14.8% against the previous month. Over the period under review, the import price showed a perceptible curtailment. The growth pace was the most rapid in October 2022 an increase of 89% m-o-m. Over the period under review, average import prices reached the peak figure at $612 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($410 per ton), while the price for Sri Lanka ($180 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Norway (-0.8%), while the prices for the other major suppliers experienced a decline.
Granite Block Exports in India
In 2022, shipments abroad of granite blocks and slabs decreased by -25.7% to 661K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a perceptible slump. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports attained the peak of 890K tons, and then reduced rapidly in the following year.
In value terms, granite block exports plummeted to $114M in 2022. In general, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of $151M, and then declined remarkably in the following year.
| Export of Granite Block in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 64.6 | 61.2 | 99.2 | 81.0 | 7.8% |
| Algeria | 12.5 | 17.4 | 15.6 | 16.1 | 8.8% |
| Taiwan (Chinese) | 2.2 | 1.3 | 3.8 | 2.3 | 1.5% |
| Bangladesh | 0.7 | 0.8 | 1.6 | 1.7 | 34.4% |
| Vietnam | 4.9 | 5.4 | 1.8 | 1.1 | -39.2% |
| Hong Kong SAR | 3.7 | 1.3 | 1.2 | N/A | -43.1% |
| Others | 30.9 | 26.9 | 27.4 | 11.8 | -27.4% |
| Total | 120 | 114 | 151 | 114 | -1.7% |
Top Export Markets for Granite Block from India in 2022:
- China (550.7K tons)
- Algeria (39.3K tons)
- Bangladesh (16.5K tons)
- Taiwan (Chinese) (11.5K tons)
- Vietnam (4.9K tons)
Granite Block Imports in India
In 2022, the amount of granite blocks and slabs imported into India surged to 8.1K tons, jumping by 24% on the previous year's figure. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, granite block imports skyrocketed to $3.1M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; 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.
| Import of Granite Block in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1,354 | 1,216 | 1,180 | 2,007 | 14.0% |
| Sri Lanka | 236 | 1,110 | 821 | 741 | 46.4% |
| South Africa | 28.6 | 324 | 205 | 33.2 | 5.1% |
| Norway | N/A | N/A | N/A | 15.2 | 0% |
| Madagascar | 171 | 77.3 | 157 | N/A | -4.2% |
| Others | 522 | 113 | 146 | 312 | -15.8% |
| Total | 2,311 | 2,841 | 2,510 | 3,109 | 10.4% |
Top Suppliers of Granite Block to India in 2022:
- Brazil (4.8K tons)
- Sri Lanka (2.7K tons)
- South Africa (0.2K tons)
- Norway (0.1K tons)
This report provides an in-depth analysis of the granite block market in India. 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 08111236 - Granite merely cut into rectangular (including square) blocks or slabs
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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