India: Market for Granules, Chippings And Powder Of Monumental Stone 2022

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

The Indian market for granules, chippings and powder of monumental stone fell to $X in 2021, dropping by -X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, monumental stone granules and powder production shrank to $X in 2021 estimated in export price. In general, production showed a slight decline. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Monumental stone granules and powder production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from India

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -X% to X tons, falling for the second consecutive year after four years of growth. In general, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports reduced notably to $X in 2021. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Maldives (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 Maldives exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Maldives stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and Bangladesh (+X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for monumental stone granules and powder exports from India, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-X% per year) and Qatar (+X% per year).

Export Prices by Country

In 2020, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Qatar ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into India

In 2021, overseas purchases of granules, chippings and powder of monumental stone decreased by -X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports dropped dramatically to $X in 2021. In general, imports recorded a sharp decrease. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2020, Indonesia (X tons) constituted the largest monumental stone granules and powder supplier to India, with a X% share of total imports. Moreover, monumental stone granules and powder imports from Indonesia exceeded the figures recorded by the second-largest supplier, Poland (X kg), fivefold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Germany (-X% per year).

In value terms, Poland ($X), Indonesia ($X) and Germany ($X) constituted the largest monumental stone granules and powder suppliers to India, together accounting for X% of total imports.

Among the main suppliers, Poland, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2020, with an increase of X% against the previous year. In general, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Poland ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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