Central Asia: Market for Granules, Chippings And Powder Of Monumental Stone 2023

Market Size for Granules, Chippings And Powder Of Monumental Stone in Central Asia

In 2021, after three years of growth, there was significant decline in the Central Asian market for granules, chippings and powder of monumental stone, when its value decreased by -8.1% to $X. Overall, consumption showed a slight setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Central Asia

In value terms, monumental stone granules and powder production declined to $X in 2021 estimated in export price. In general, production continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Central Asia

For the fourth year in a row, Central Asia recorded decline in overseas shipments of granules, chippings and powder of monumental stone, which decreased by -33.6% to X tons in 2021. Over the period under review, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 671%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports soared to $X in 2021. In general, exports, however, recorded tangible growth. The growth pace was the most rapid in 2017 when exports increased by 694% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Kazakhstan (X tons) and Uzbekistan (X tons) represented the largest exporters of granules, chippings and powder of monumental stone in Central Asia, together creating 89% of total exports. It was distantly followed by Kyrgyzstan (X tons), mixing up a 10% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kazakhstan (with a CAGR of -3.9%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest monumental stone granules and powder supplying countries in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined 99% share of total exports.

Kyrgyzstan, with a CAGR of +3.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, growing by 76% against the previous year. Overall, the export price showed a moderate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+23.1%), while the other leaders experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in Central Asia

In 2021, monumental stone granules and powder imports in Central Asia declined to X tons, waning by -9.8% on 2020. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 60% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports reached $X in 2021. Over the period under review, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of 41%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) was the largest importer of granules, chippings and powder of monumental stone, generating 70% of total imports. Mongolia (X tons) ranks second in terms of the total imports with a 17% share, followed by Uzbekistan (5.6%). Turkmenistan (X tons) and Kyrgyzstan (X tons) held a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, Turkmenistan (+3.4%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +3.4% from 2012-2021. Mongolia and Uzbekistan experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (-11.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan increased by +6.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Central Asia, comprising 55% of total imports. The second position in the ranking was taken by Mongolia ($X), with a 21% share of total imports. It was followed by Turkmenistan, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan totaled -5.2%. In the other countries, the average annual rates were as follows: Mongolia (+18.9% per year) and Turkmenistan (-0.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, surging by 20% against the previous year. In general, the import price, however, showed a abrupt decrease. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+18.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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