Report Update: May 1, 2024

Pakistan - Marble Building Stone - Market Analysis, Forecast, Size, Trends And Insights

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Marble Building Stone Price in Pakistan - 2023

Marble Building Stone Price in Pakistan (FOB) - 2023

The average marble building stone export price stood at $187 per ton in February 2023, shrinking by -6.6% against the previous month. In general, export price indicated a buoyant increase from February 2022 to February 2023: its price increased at an average monthly rate of +5.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, marble building stone export price increased by +8.6% against December 2022 indices. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 29% m-o-m. As a result, the export price reached the peak level of $219 per ton. From November 2022 to February 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($210 per ton), while the average price for exports to Afghanistan ($66.0 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Price in Pakistan (CIF) - 2023

In February 2023, the average marble building stone import price amounted to $103 per ton, which is down by -55.7% against the previous month. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in December 2022 an increase of 23% m-o-m. The import price peaked at $400 per ton in March 2022; however, from April 2022 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($233 per ton), while the price for Greece ($25.0 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Italy (-3.2%), while the prices for the other major suppliers experienced a decline.

Marble Building Stone Exports in Pakistan

In 2022, overseas shipments of marble building stone decreased by -30% to 23K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. As a result, the exports reached the peak of 32K tons, and then shrank significantly in the following year.

In value terms, marble building stone exports reduced notably to $3.1M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, the exports attained the peak of $3.7M, and then contracted notably in the following year.

Export of Marble Building Stone in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	477	525	1,558	1,389	42.8%
Saudi Arabia	565	668	1,048	935	18.3%
United Arab Emirates	318	177	208	222	-11.3%
Qatar	167	51.3	138	123	-9.7%
United States	225	42.8	63.3	122	-18.5%
Bahrain	152	63.1	86.3	94.3	-14.7%
Iraq	199	16.4	15.2	74.4	-28.0%
Others	268	470	630	178	-12.8%
Total	2,371	2,015	3,747	3,137	9.8%

Top Export Markets for Marble Building Stone from Pakistan in 2022:

South Korea (10.1K tons)
Saudi Arabia (7.0K tons)
United Arab Emirates (1.5K tons)
United States (1.0K tons)
Bahrain (0.9K tons)
Qatar (0.8K tons)
Iraq (0.4K tons)

Marble Building Stone Imports in Pakistan

In 2022, supplies from abroad of marble building stone was finally on the rise to reach 7.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep downturn.

In value terms, marble building stone imports reached $2.2M in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Marble Building Stone in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	647	1,191	1,112	1,154	21.3%
United Arab Emirates	323	176	130	234	-10.2%
Greece	154	170	222	222	13.0%
Vietnam	226	148	190	212	-2.1%
Turkey	98.1	86.8	142	150	15.2%
Italy	72.7	89.3	136	144	25.6%
India	151	4.0	60.6	69.8	-22.7%
Spain	99.3	24.3	7.2	27.6	-34.7%
Others	29.2	38.1	52.2	21.2	-10.1%
Total	1,801	1,928	2,052	2,235	7.5%

Top Suppliers of Marble Building Stone to Pakistan in 2022:

China (3810.3 tons)
Vietnam (829.2 tons)
Greece (733.0 tons)
India (515.4 tons)
Italy (469.4 tons)
Turkey (436.2 tons)
United Arab Emirates (199.9 tons)
Spain (120.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the marble building stone market in Pakistan. 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 23701100 - Worked monumental/building stone and articles thereof, in marble, travertine and alabaster excluding tiles, cubes/similar articles, largest surface < 7 cm., setts, kerbstones, flagstones

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023