India: Market for Granules, Chippings And Powder Of Marble 2023

Market Size for Granules, Chippings And Powder Of Marble in India

The Indian marble granules and powder market expanded rapidly to $X in 2021, picking up by 5.2% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Granules, Chippings And Powder Of Marble in India

In value terms, marble granules and powder production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 36% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports from India

In 2021, shipments abroad of granules, chippings and powder of marble increased by 14% to X tons, rising for the fifth consecutive year after three years of decline. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 55%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, marble granules and powder exports skyrocketed to $X in 2021. In general, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +159.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Bangladesh (X tons) was the main destination for marble granules and powder exports from India, accounting for a 67% share of total exports. Moreover, marble granules and powder exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X tons), sixfold. The third position in this ranking was taken by Sri Lanka (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh amounted to +40.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+1.8% per year) and Sri Lanka (+40.1% per year).

In value terms, Bangladesh ($X) remains the key foreign market for granules, chippings and powder of marble exports from India, comprising 52% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh totaled +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+51.7% per year) and the United Arab Emirates (+14.6% per year).

Export Prices by Country

In 2021, the average marble granules and powder export price amounted to $X per ton, rising by 4.6% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 69% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Marble

Imports into India

In 2021, after two years of decline, there was significant growth in overseas purchases of granules, chippings and powder of marble, when their volume increased by 62,101% to X tons. Overall, imports, however, faced a dramatic setback. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, marble granules and powder imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a sharp decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest marble granules and powder supplier to India, accounting for a 84% share of total imports. Moreover, marble granules and powder imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to -8.2%.

In value terms, the largest marble granules and powder suppliers to India were Turkey ($X) and the United Arab Emirates ($X).

Among the main suppliers, the United Arab Emirates, with a CAGR of +5.8%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, dropping by -60.7% against the previous year. Overall, the import price, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 369%. As a result, import price attained the peak level of $X per ton, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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