India: Market for Granules, Chippings And Powder Of Monumental Stone 2024

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

The Indian market for granules, chippings and powder of monumental stone declined slightly to $X in 2023, leveling off at the previous year. Over the period under review, consumption recorded prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Production of Granules, Chippings And Powder Of Monumental Stone in India

In value terms, monumental stone granules and powder production contracted to $X in 2023 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

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Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from India

In 2023, overseas shipments of granules, chippings and powder of monumental stone increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports soared to $X in 2023. In general, exports, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Mauritius (X tons) was the main destination for monumental stone granules and powder exports from India, accounting for a X% share of total exports. Moreover, monumental stone granules and powder exports to Mauritius exceeded the volume sent to the second major destination, Maldives (X tons), fivefold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Mauritius amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Bangladesh (X% per year).

In value terms, Mauritius ($X) remains the key foreign market for granules, chippings and powder of monumental stone exports from India, comprising X% of total exports. The second position in the ranking was taken by Maldives ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Mauritius amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the export price showed a deep slump. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into India

In 2023, after two years of growth, there was significant decline in supplies from abroad of granules, chippings and powder of monumental stone, when their volume decreased by X% to X tons. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, monumental stone granules and powder imports reduced notably to $X in 2023. In general, imports showed a sharp downturn. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Norway (X tons) was the main monumental stone granules and powder supplier to India, with a X% share of total imports. It was followed by Vietnam (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United Arab Emirates (X% per year).

In value terms, Norway ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to India, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2023, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, waning by X% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform