Middle East: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in the Middle East

The Middle Eastern natural stone sett market declined to $X in 2022, dropping by X% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Natural Stone Sett Production in the Middle East

In value terms, natural stone sett production shrank to $X in 2022 estimated in export price. In general, production showed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Natural Stone Sett Exports

Exports in the Middle East

In 2022, overseas shipments of natural stone setts, kerbstones and flagstones were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a resilient increase. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, natural stone sett exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporter of natural stone setts, kerbstones and flagstones in the Middle East, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), constituting a X% share of total exports. Saudi Arabia (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the natural stone setts, kerbstones and flagstones exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest natural stone sett supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

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

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

Natural Stone Sett Imports

Imports in the Middle East

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports soared to $X in 2022. In general, imports, however, saw a dramatic descent. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait was the major importing country with an import of around X tons, which amounted to X% of total imports. Iraq (X tons) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%). Qatar (X tons), the United Arab Emirates (X tons) and Israel (X tons) held a relatively small share of total imports.

Imports into Kuwait decreased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%), the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Kuwait (X p.p.), Iraq (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest natural stone sett importing markets in the Middle East were Iraq ($X), Saudi Arabia ($X) and Qatar ($X), with a combined X% share of total imports. Kuwait, the United Arab Emirates and Israel lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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