Central Asia: Crude Granite Market 2024

Crude Granite Market Size in Central Asia

The Central Asian crude granite market soared to $X in 2022, surging by 108% against the previous year. In general, consumption, however, saw a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Crude Granite Production in Central Asia

In value terms, crude granite production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Crude Granite Exports

Exports in Central Asia

Crude granite exports skyrocketed to X tons in 2022, with an increase of 37% against 2021 figures. Overall, exports posted strong growth. The growth pace was the most rapid in 2017 with an increase of 177%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, crude granite exports soared to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the key exporting country with an export of about X tons, which finished at 73% of total exports. Kyrgyzstan (X tons) ranks second in terms of the total exports with a 20% share, followed by Uzbekistan (7.5%).

Exports from Kazakhstan increased at an average annual rate of +4.0% from 2012 to 2022. At the same time, Kyrgyzstan (+60.9%) and Uzbekistan (+24.8%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +60.9% from 2012-2022. While the share of Kyrgyzstan (+20 p.p.) and Uzbekistan (+5.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-25.3 p.p.) displayed negative dynamics.

In value terms, Kyrgyzstan ($X) emerged as the largest crude granite supplier in Central Asia, comprising 59% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 28% share of total exports.

In Kyrgyzstan, crude granite exports expanded at an average annual rate of +90.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (-2.1% per year) and Uzbekistan (+36.9% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, growing by 140% against the previous year. Over the period under review, the export price posted noticeable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+18.2%), while the other leaders experienced mixed trends in the export price figures.

Crude Granite Imports

Imports in Central Asia

In 2022, approx. X tons of granite (crude) were imported in Central Asia; waning by -83.5% on 2021. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,050%. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, crude granite imports shrank rapidly to $X in 2022. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 868%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

In 2022, Uzbekistan (X tons) represented the largest importer of granite (crude), comprising 63% of total imports. Kyrgyzstan (X tons) held a 31% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (5.1%).

Imports into Uzbekistan increased at an average annual rate of +6.9% from 2012 to 2022. At the same time, Tajikistan (+214.5%) and Kyrgyzstan (+44.6%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +214.5% from 2012-2022. Kyrgyzstan (+29 p.p.) and Tajikistan (+5.1 p.p.) significantly strengthened its position in terms of the total imports, while Uzbekistan saw its share reduced by -30.7% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported granite (crude) in Central Asia, comprising 86% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 5.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan stood at +5.6%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+16.4% per year) and Tajikistan (+82.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, waning by -23.5% against the previous year. Over the period under review, the import price showed a pronounced decrease. The growth pace was the most rapid in 2015 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (-1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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