Saudi Arabia: Market for Granules, Chippings And Powder Of Marble 2023

Market Size for Granules, Chippings And Powder Of Marble in Saudi Arabia

The Saudi marble granules and powder market expanded notably to $X in 2021, surging by 9% against the previous year. In general, consumption showed prominent growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Marble in Saudi Arabia

In value terms, marble granules and powder production rose notably to $X in 2021 estimated in export price. Overall, production posted a prominent expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 115% against the previous year. Over the period under review, production reached the peak level 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 Saudi Arabia

In 2021, approx. X tons of granules, chippings and powder of marble were exported from Saudi Arabia; falling by -19.7% on the previous year. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 86%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, marble granules and powder exports dropped to $X in 2021. Overall, exports saw a sharp decrease. The pace of growth appeared the most rapid in 2014 with an increase of 187%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons) was the main destination for marble granules and powder exports from Saudi Arabia, accounting for a 100% share of total exports. It was followed by the United Arab Emirates (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Kuwait totaled -46.2%.

In value terms, Kuwait ($X) remains the key foreign market for granules, chippings and powder of marble exports from Saudi Arabia, comprising 99% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait amounted to -38.3%.

Export Prices by Country

The average marble granules and powder export price stood at $X per ton in 2021, picking up by 8.2% against the previous year. In general, the export price recorded a strong increase. The growth pace was the most rapid in 2013 an increase of 62%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, 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 Kuwait ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1,968.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Marble

Imports into Saudi Arabia

In 2021, supplies from abroad of granules, chippings and powder of marble decreased by -17.1% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 22% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, marble granules and powder imports dropped rapidly to $X in 2021. Overall, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 6.7% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest marble granules and powder supplier to Saudi Arabia, with a 84% share of total imports. Moreover, marble granules and powder imports from Spain exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +19.6%.

In value terms, Spain ($X) constituted the largest supplier of granules, chippings and powder of marble to Saudi Arabia, comprising 83% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +15.6%.

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 7% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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