Price for Monumental or Building Stone, Other than Granite and Sandstone in Oman - 2022

Contents:

  1. Price for Monumental or Building Stone, Other than Granite and Sandstone in Oman (FOB) - 2022
  2. Price for Monumental or Building Stone, Other than Granite and Sandstone in Oman (CIF) - 2022
  3. Exports of Monumental or Building Stone, Other than Granite and Sandstone in Oman
  4. Imports of Monumental or Building Stone, Other than Granite and Sandstone in Oman

Price for Monumental or Building Stone, Other than Granite and Sandstone in Oman (FOB) - 2022

The average export price for monumental or building stone, other than granite and sandstone stood at $452 per ton in 2022, declining by -2.7% against the previous year. Overall, the export price saw a mild setback. The growth pace was the most rapid in 2018 when the average export price increased by 18%. As a result, the export price attained the peak level of $535 per ton. From 2019 to 2022, the average 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 Bahrain ($477 per ton), while the average price for exports to Qatar ($31 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+8.0%), while the prices for the other major destinations experienced a decline.

Price for Monumental or Building Stone, Other than Granite and Sandstone in Oman (CIF) - 2022

The average import price for monumental or building stone, other than granite and sandstone stood at $300 per ton in 2022, surging by 41% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($403 per ton), while the price for Jordan ($46 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Monumental or Building Stone, Other than Granite and Sandstone in Oman

In 2022, approx. 458 tons of monumental or building stone, other than granite and sandstone were exported from Oman; with a decrease of -38.6% on the previous year's figure. Overall, exports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 338%.

In value terms, exports of monumental or building stone, other than granite and sandstone declined remarkably to $207K in 2022. Over the period under review, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 413% against the previous year.

Export of Monumental or Building Stone, Other than Granite and Sandstone in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bahrain48654.7284174-29.0%
India85.08.943.424.9-33.6%
United Arab Emirates7.90.84.04.2-19.0%
Kuwait14.31.13.91.2-56.2%
Saudi Arabia27.71.910.90.3-77.9%
Others5.30.20.52.3-24.3%
Total62667.6347207-30.8%

Top Export Markets for Monumental or Building Stone, Other than Granite and Sandstone from Oman in 2022:

  1. Bahrain (365.8 tons)
  2. India (54.4 tons)
  3. United Arab Emirates (28.4 tons)
  4. Kuwait (2.8 tons)
  5. Saudi Arabia (1.5 tons)

Imports of Monumental or Building Stone, Other than Granite and Sandstone in Oman

In 2022, the amount of monumental or building stone, other than granite and sandstone imported into Oman shrank dramatically to 530 tons, which is down by -54.3% against 2021 figures. Overall, imports recorded a sharp decline. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year.

In value terms, imports of monumental or building stone, other than granite and sandstone declined remarkably to $159K in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 0.8%.

Import of Monumental or Building Stone, Other than Granite and Sandstone in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India11714660.983.8-10.5%
United Arab Emirates55.946.038.220.0-29.0%
Saudi Arabia4.18.027.812.243.8%
Egypt9.57.224.910.84.4%
Iran17.614.634.010.0-17.2%
Syrian Arab Republic2.82.18.22.1-9.1%
Jordan24.313.734.32.1-55.8%
Others17.66.818.318.21.1%
Total248245247159-13.8%

Top Suppliers of Monumental or Building Stone, Other than Granite and Sandstone to Oman in 2022:

  1. India (241.0 tons)
  2. United Arab Emirates (57.4 tons)
  3. Iran (53.1 tons)
  4. Jordan (47.0 tons)
  5. Saudi Arabia (39.6 tons)
  6. Egypt (26.8 tons)
  7. Syrian Arab Republic (24.0 tons)

Source: IndexBox Market Intelligence Platform

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