United Arab Emirates: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in the United Arab Emirates

The natural stone sett market in the United Arab Emirates expanded remarkably to $X in 2022, with an increase of 5.6% against the previous year. Over the period under review, consumption, however, saw a buoyant increase. Natural stone sett consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Natural Stone Sett Production in the United Arab Emirates

In value terms, natural stone sett production contracted to $X in 2022 estimated in export price. Overall, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 213% against the previous year. Natural stone sett production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Natural Stone Sett Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of natural stone setts, kerbstones and flagstones were exported from the United Arab Emirates; which is down by -37.2% on the previous year's figure. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 639%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports declined to $X in 2022. In general, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by 434%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Benin (X tons) was the main destination for natural stone sett exports from the United Arab Emirates, with a 62% share of total exports. Moreover, natural stone sett exports to Benin exceeded the volume sent to the second major destination, Ireland (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and Australia (+133.9% per year).

In value terms, Benin ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from the United Arab Emirates, comprising 84% of total exports. The second position in the ranking was taken by Ireland ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Benin was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (0.0% per year) and Australia (+2.8% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, jumping by 41% against the previous year. Over the period under review, the export price recorded a slight increase. The pace of growth appeared the most rapid in 2020 an increase of 189% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Ireland ($X 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 Qatar (+51.3%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Stone Sett Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of natural stone setts, kerbstones and flagstones were imported into the United Arab Emirates; shrinking by -17.6% on 2021 figures. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 209%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, natural stone sett imports reduced to $X in 2022. Over the period under review, imports saw a mild contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 107%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Qatar (X tons), China (X tons) and the Dominican Republic (X tons) were the main suppliers of natural stone sett imports to the United Arab Emirates, with a combined 13% share of total imports. The Netherlands, Egypt, Italy and India lagged somewhat behind, together accounting for a further 4.9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +105.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural stone sett suppliers to the United Arab Emirates were Qatar ($X), Italy ($X) and the Netherlands ($X), with a combined 16% share of total imports.

The Netherlands, with a CAGR of +85.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, surging by 14% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural stone sett import price decreased by -20.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 84%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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