MENA: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in MENA

The MENA's calcareous building stone market contracted to $X in 2023, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Calcareous Building Stone Production in MENA

In value terms, calcareous building stone production fell slightly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Calcareous Building Stone Exports

Exports in MENA

Calcareous building stone exports surged to X tons in 2023, rising by X% against the previous year's figure. Overall, exports, however, recorded a noticeable descent. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, calcareous building stone exports expanded remarkably to $X in 2023. In general, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) and Turkey (X tons) represented the key exporters of calcareous building stone in 2023, resulting at approx. X% and X% of total exports, respectively. Iraq (X tons) ranks next in terms of the total exports with a X% share, followed by Iran (X%) and Saudi Arabia (X%). The following exporters - Tunisia (X tons) and Oman (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Iraq (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Iran ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Oman, Egypt, Iraq and Tunisia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Calcareous Building Stone Imports

Imports in MENA

Calcareous building stone imports reduced dramatically to X tons in 2023, waning by X% compared with the year before. In general, imports, however, saw mild growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, calcareous building stone imports declined sharply to $X in 2023. Over the period under review, imports, however, posted a temperate increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Jordan (X tons) represented the key importer of calcareous building stone, making up X% of total imports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%), Algeria (X%) and Bahrain (X%). Djibouti (X tons), Kuwait (X tons), Turkey (X tons), Morocco (X tons), Lebanon (X tons), Israel (X tons) and Qatar (X tons) took a minor share of total imports.

Imports into Jordan increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%), Djibouti (X%), Tunisia (X%), Morocco (X%), Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Israel experienced a relatively flat trend pattern. By contrast, Algeria (X%), Bahrain (X%), Qatar (X%) and Lebanon (X%) illustrated a downward trend over the same period. While the share of Jordan (X p.p.), Tunisia (X p.p.), Djibouti (X p.p.), Turkey (X p.p.) and Morocco (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Algeria (X p.p.), Qatar (X p.p.), Bahrain (X p.p.) and Lebanon (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) constitutes the largest market for imported calcareous building stone in MENA, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Bahrain, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Jordan totaled X%. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Bahrain (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price posted a mild increase. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform