Analysis of marble market in India
The relevance of research
Marble has excellent properties that allow a person to use the rock in various areas - when creating landscapes, in construction and interior decoration.
Purpose of the study
Analysis of the state of the marble market in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the marble market
Content
Section 1. Finished Marble Market
Part 1. Overview of the Indian Finished Marble Market
1.1. Key Features of the Finished Marble Market
1.2. Dynamics of the volume of the processed marble market 2015-2020 Potential market capacity
1.3. Evaluation of factors affecting the marble market (processed and unprocessed)
1.4. Marble market life cycle stage (treated and untreated)
1.5. Competition from substitute products (for finished and unfinished marble markets)
Part 2. Competitive Analysis in the Finished Marble Market
2.1. Major players in the processed marble market
2.2. Market shares of processed marble of the largest competitors
2.3. Profiles of the main players in the processed marble market
Part 3. Processed marble production analysis
3.1. Volume and dynamics of domestic production of processed marble
3.2. Share of exports in the production of processed marble
3.3. Segmentation of processed marble production by regions
3.3.1. Production of processed marble by union territories
3.3.2. Processed marble production by state of India
Part 4. Analysis of foreign trade supplies of processed marble
4.1. Volume and dynamics of processed marble imports
4.2. Processed marble import structure
4.3. The volume and dynamics of exports of processed marble
4.4. Processed marble export structure
Part 5. Marble consumption analysis
5.1. Dynamics of processed marble consumption volume
5.2. Analysis of the results of tenders for the purchase of marble (processed and unprocessed)
Part 6. Price Analysis
6.1. Average consumer prices for finished marble by state in India
Part 7. Assessment of factors of investment attractiveness of the processed marble market
Part 8. Forecast for the development of the market for processed marble until 2025
Part 9. Recommendations and conclusions on the finished marble market
Section 2. Market of raw (extracted) marble
Part 1. Overview of the Indian rough marble market
1.1. Key Features of the Raw Marble Market
1.2. Dynamics of the rough marble market volume 2015-2020 Potential market capacity
Part 2. Competitive analysis in the rough marble market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of raw marble production
3.1. Volume and dynamics of domestic raw marble production
3.2. Share of exports in marble production
3.3. Segmentation of raw marble production by regions:
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade deliveries of raw marble
4.1. Volume and dynamics of marble imports
4.2. Structure of imports by countries
4.3. The volume and dynamics of marble exports
4.4. Structure of exports by countries
Part 5. Price Analysis
5.1. Average producer prices for raw marble by union territories
Part 6. Assessment of factors of investment attractiveness of the raw marble market
Part 7. Forecast for the development of the rough marble market until 2025
Part 8. Recommendations and conclusions on the rough marble market
Research excerpt
Section 1. Finished Marble Market
Part 1. Overview of the Indian Finished Marble Market
1.1. Key Features of the Finished Marble Market
India has huge reserves of natural stone, but among the world's manufacturers, domestic companies are …
Processed marble has excellent properties that allow a person to use …
Marble is used in slabs or blocks. It also acts as a building stone ...
Fillers (crushed marble) and chips are used in the following industries: …
In the market of processed marble in India in the period under review, … occurred: if until 2016 inclusive … goods dominated, then from 2017 to 2020 inclusive, more than …% accounted for … The share of …% in 2020.
One of the reasons ... was ...
Thus, the main trends and features of the development of the Indian market of processed marble include:
The market is subject to…;
Increasing demand…;
...;
...
1.2. Dynamics of the volume of the processed marble market 2015-2020 Potential market capacity
Consider the dynamics of the volume of the processed marble market in India.
The dynamics of the volume of the processed marble market in India in the period from 2015 to 2019 at current prices of the years under review had ... character - indicator ..., while in 2020 the indicator ... was at the level of ... billion Rs. At current prices, the market growth for the entire period is estimated at …% (…).
If we consider the dynamics, taking into account changes in prices for both Indian and imported marble (that is, in comparable prices), then we can conclude that the market ..., since the growth rate until 2017 was ... Further in 2018-2019 years the market...
Another economic crisis in 2020 led to …% compared to 2019. Total for the period …%.
As for the potential capacity of the market for processed marble, on the one hand (see paragraph 1.4. of this study), the industry ...
Therefore, the potential capacity of the market for processed marble is currently estimated at the rate of “…” to the available volume.
Diagram 3. Revenue (net) from the sale of processed marble in the union territories for 2015-2020, %
The structure of the distribution of proceeds from the sale of processed marble in India by years is not ... Except for 2017, the leader in the structure was ... Union Territories - its share ranged from ...%. The leadership of the region is explained by the following factors: ...
In second place - ... the Union Territories, which is mainly due to the location in the region ...
1.3. Evaluation of factors affecting the marble market (processed and unprocessed)
Macroeconomic factors affect the dynamics of all sectors of the Indian economy, including the markets for processed and unprocessed marble. The main groups of factors are: economic, political, social and technological.
Economic forces
GDP (gross domestic product) is used to determine the rate of economic development of any state. GDP is a macroeconomic indicator that reflects the total value of goods, works and services that were produced and provided in the country in a year. Gross domestic product is the main indicator on the basis of which the level and pace of the country's economic development are determined.
Chart 4 shows India's GDP growth rate from 2007 to 2020 at comparable prices (at 2016 prices).
Diagram 4. Dynamics of India's GDP, 2007-2020, % to the previous year
The impact of the crisis, which began in 2008, led to …% in 2009, but then the growth rate was ...
Further, until 2014, the growth rate was …, but …, and in 2015 … In 2015, which was the peak of the crisis in the state, the decline in GDP amounted to …% compared to the previous 2014, and since the dynamics of GDP is directly proportional to well-being of citizens, it speaks of ...
In 2016 GDP …
...
The index of physical volume of gross domestic product in 2020, according to the first estimate of Rosstat, amounted to …% compared to 2019.
Under the circumstances that currently (April 2021) negatively affect the size of GDP in the short and medium term, we will indicate the opinions of experts on the pace of development of world GDP and different countries.
...
So the experts...
...
Social (demographic)
...
Technological factors
...
Political factors
...
Let's summarize the main factors influencing the market in the framework of the Step-analysis.
Table 4. STEP analysis of factors influencing the market for marble (treated and untreated)
In general, the impact of macro factors on the markets for processed and rough marble in India can be assessed as ... Negatively influenced by ...
1.4. Marble market life cycle stage (treated and untreated)
...
At the moment, the market for processed marble is at the stage of ... the life cycle. At the same time, the quality of the product is…
At this stage, the role of ...
If we consider the stage of the life cycle of raw marble, then the market ...
1.5. Competition from substitute products (for finished and unfinished marble markets)
...
Part 2. Competitive Analysis in the Finished Marble Market
2.1. Major players in the processed marble market
...
2.2. Market shares of processed marble of the largest competitors
Diagram 14. Shares of the largest competitors in the processed marble market in 2020, %
The leading players in the processed marble market in India are: ... with a share of ...%, GC ... with a share of about ...%, GC ... with a share of ...%, ... Other companies in total occupy ...% of the market.
According to the calculation, the Herfindahl-Hirschman index in 2020 amounted to ... the market is ..., but on the border with the ... market. Most often, companies processing mined marble have …
2.3. Profiles of the main players in the processed marble market
GK ...
...
Part 3. Processed marble production analysis
3.1. Volume and dynamics of domestic production of processed marble
...
The dynamics of the volume of production of processed marble in the period under review is ... - an indicator of ..., which indicates the annual ... In 2020, the volume of production is estimated at ... billion Rs., which is by ...% ... in 2019 and ...
We also note that the dynamics of production in value terms depends on …
In comparable prices, the highest rate was observed in … year – more than …%, then in 2017-2019 it was at …%. According to … producer prices under the influence of the crisis …
Diagram 16. Dynamics of the total revenue of the largest manufacturers (TOP-5) of processed marble in India, 2015-2020, billion rubles
The dynamics of the total revenue of the leading companies of the market until 2017 was ... - an indicator annually ..., in 2018-2020, revenue ... Revenue growth rate ... the rate of change in market volume, which indicates ...
3.2. Share of exports in the production of processed marble
Almost all processed marble produced in India is consumed by …: the share of exports in production is …% in the period under review, and also tends to …
3.3. Segmentation of processed marble production by regions
3.3.1. Production of processed marble by union territories
… the federal district – its share ranged from …% to …%, in 2020 the production amounted to … billion Rs.; in second place are manufacturers from … the Union Territories with a share from …% to …% and a volume of … billion Rs. in 2020. The shares of other districts are much …
3.3.2. Processed marble production by state of India
...
Part 4. Analysis of foreign trade supplies of processed marble
4.1. Volume and dynamics of processed marble imports
Let us present data on foreign trade deliveries of processed marble.
Diagram 19. Volume and dynamics of imports of processed marble in kind to India in 2015-2020, tons
Dynamics of processed marble imports to India in physical terms …
4.2. Processed marble import structure
...
The leading importers in 2020 were the following: … with a share of …%, …
Regarding the structure of imports by countries in 2015, the shares of the following countries decreased: … The shares of the following countries increased: …
The main manufacturer, processor and supplier of natural stone is …
Favorable climatic and weather conditions (normal humidity, absence of severe frosts with a large number of thawing or freezing cycles) allow organizing …
A significant part of Indian imports of processed marble is from ...
The Indian market also has a stone…
4.3. The volume and dynamics of exports of processed marble
The dynamics of exports of processed marble from India in the period under review has … character. The minimum value was observed in 2015 - … thousand tons, and the maximum - …
At the end of 2020, it was exported ...
The dynamics of exports in value terms has …
At the end of 2020, the volume of export of processed marble from India amounted to … mln USD or … mln Rs.
Diagram 25. Balance of export and import of processed marble in 2015-2020, million Rs.
During the period under review, the trade balance (difference between exports and imports) in the processed marble market in India is …
4.4. Processed marble export structure
In 2020, more than …% of processed marble was exported to ... The leading exporters in 2020 were the following countries: …
Part 5. Marble consumption analysis
5.1. Dynamics of processed marble consumption volume
...
5.2. Analysis of the results of tenders for the purchase of marble (processed and unprocessed)
Let us present a joint analysis of the purchases of marble as a quarried stone and as a processed stone in the form of products.
According to the UIS in the field of procurement and IS Fira.Pro, in 2020 (January-December) and 2021 (January-April 9), according to Federal Law-44, ... a contract was concluded for the purchase of marble and marble products.
We present detailed information on contracts in the form of a table.
Table 9. Tenders for the purchase of marble, for which contracts were concluded in the period from 01.01.2020/09.04.2021/ to / /
An analysis of information on contracts under FZ-44 for the supply of marble and marble products showed that:
- In the vast majority of cases, in addition to marble, the list of purchased products under the tender ...
- The share of marble and products from it in the considered contracts in value terms fluctuates …%.
...
If we consider the entire set of tenders for FZ-44, FZ-223, commercial purchases, then according to the BiCo tender, in 2020 such tenders were held ..., for January-April 9, 2021 - ... tenders.
In 2020-2021 (as of April 09, 2021), tenders for the purchase of marble most often represented ... - in ...% of cases, and were also carried out quite often ... - in ...% of tenders. The third most popular was...
The table presents data on large tenders with an initial amount of at least 10 million Rs.
...
Part 6. Price Analysis
6.1. Average consumer prices for finished marble by state in India
Since the range of marble products is quite wide, for example, let's consider the differences in prices by regions of the country for a conditional polished white Koelga marble slab 20 mm thick with an average cost of ... per 1 sq. m in 2020.
Prices in the states of India vary quite a lot. The maximum price for a conventional slab is ... rupees per 1 sq. m. m, it is marked in ... area. …
Part 7. Assessment of factors of investment attractiveness of the processed marble market
...
Part 8. Forecast for the development of the market for processed marble until 2025
...
Part 9. Recommendations and conclusions on the finished marble market
...
Section 2. Market of raw (extracted) marble
...
Diagrams
Diagram 1. The ratio of imported and domestic products in the processed marble market in 2015-2020,%
Diagram 2. Dynamics of the volume of the processed marble market, 2015-2020, million Rs.
Diagram 3. Revenue (net) from the sale of processed marble in the union territories for 2015-2020, %
Diagram 4. Dynamics of India's GDP, 2007-2020, % to the previous year
Chart 5. Monthly dynamics of the US dollar against the rupee, 2015-2021 (Jan-Mar), Rs. for 1 US dollar
Diagram 6. Dynamics of India's IPP in 2014 - 2020, % to the previous year
Diagram 7. Population dynamics in India as of January 1, 2010-2021, million people, %
Diagram 8. Population forecast in India for the period 2021-2024, million people
Diagram 9. Dynamics of real incomes of the population of India, 2011 - 2020, % to the previous year
Chart 10. Total revenue by type of economic activity ""Construction"" in India, 2015-2020, trillion Rs.
Diagram 11. Number of open stations of the Moscow Metro, 2015-2020, units
Chart 12. Dynamics of the size of the average interest rate on loans, 2015-2020 (Jan-Nov), years, %
Figure 13. Stage of the life cycle of the finished marble market
Diagram 14. Shares of the largest competitors in the processed marble market in 2020, %
Diagram 15. Dynamics of production volumes of processed marble in India for 2015-2020, million Rs.
Diagram 16. Dynamics of the total revenue of the largest manufacturers (TOP-5) of processed marble in India, 2015-2020, billion Rs.
Diagram 17. The share of exports in the production of processed marble for 2015-2020,%
Diagram 18. Shares of Indian states in the volume of processed marble production in 2020, %
Diagram 19. Volume and dynamics of imports of processed marble in kind to India in 2015-2020, tons
Diagram 20. Volume and dynamics of imports of processed marble in monetary terms to India in 2015-2020, thousand dollars
Diagram 21. Volume and dynamics of imports of processed marble in monetary terms to India in 2015-2020, million Rs.
Diagram 22. Dynamics of export of processed marble in physical terms from India in 2015-2020, tons
Diagram 23. Dynamics of export of processed marble in monetary terms from India in 2015-2020, thousand dollars
Diagram 24. Dynamics of exports of processed marble in monetary terms from India in 2015-2020, million Rs.
Diagram 25. Balance of export and import of processed marble in 2015-2020, million Rs.
Diagram 26. Export structure of processed marble by countries in 2020, %
Diagram 27. Dynamics of processed marble consumption per capita in monetary terms, 2015-2020, Rs./person
Chart 28. Distribution of the number of purchases containing the item ""marble"" in India depending on the type of procurement procedure (by number of purchases) in 2020 and Jan.-Apr. 2021, %
Diagram 29. Forecast of the volume of the processed marble market in 2021-2025, million Rs.
Diagram 30. The ratio of imported and domestic products in the raw marble market in 2015-2020,%
Diagram 31. Dynamics of the market volume of raw marble, 2015-2020, thousand tons
Diagram 32. Revenue (net) from the sale of rough marble by union territories in 2020, %
Diagram 33. Shares of the largest competitors in the raw marble market, %
Diagram 34. Dynamics of marble production in India in 2015-2020, thousand tons
Diagram 35. The share of exports in the production of raw marble for 2015-2020,%
Chart 36. Shares of Indian states in rough marble production in 2020, %
Diagram 37. Volume and dynamics of imports of rough marble in kind to India in 2015-2020, tons
Diagram 38. Volume and dynamics of imports of raw marble in monetary terms to India in 2015-2020, million Rs.
Diagram 39. Structure of imports of rough marble by importing countries in 2020, %
Diagram 40. Volume and dynamics of export of raw marble in kind from India in 2015-2020, tons
Diagram 41. The volume and dynamics of exports of raw marble in monetary terms from India in 2015-2020, tons
Diagram 42. Balance of export and import of raw marble in 2015-2020, million Rs.
Chart 43. Uncut marble export structure by countries in 2020, %
Diagram 44. Forecast of the volume of the rough marble market in 2021-2025, thousand tons
Tables
Table 1. Forecasts of various sources for real GDP in India in 2021-2023 (baseline scenario, data for January-April 2021), %
Table 2. CPI for certain types of industrial goods in India at the end of the period in 2014-2020, %
Table 3. Weighted average interest rates of credit institutions on credit operations in rupees, excluding PJSC Sberbank (% per annum), 2015-2020 (Jan-Nov)
Table 4. STEP analysis of factors influencing the market for marble (treated and untreated)
Table 5. The main companies participating in the processed marble market in 2020
Table 6. Profiles of companies participating in the processed marble market in 2020
Table 7. Dynamics of processed marble production in India by union territories in 2015-2020, million Rs.
Table 8. Structure of processed marble imports by importing countries in 2020, units rev.
Table 9. Tenders for the purchase of marble, for which contracts were concluded in the period from 01.01.2020/09.04.2021/ to / /
Table 10. Tenders for the purchase of marble (except for contracts under FZ-44) in 2020, 2021 (Q1) in the amount of at least Rs 10 million.
Table 11. Average consumer prices in the marble market by states of India, Rs. with VAT for 1 sq. m
Table 12. Assessment of factors of investment attractiveness of the processed marble market
Table 13. Main indicators of the forecast for the socio-economic development of India until 2023 (base case), units rev.
Table 14. The main companies participating in the rough marble market in 2020
Table 15. Profiles of companies participating in the rough marble market in 2020
Table 16. Dynamics of raw marble production in India by union territories in 2017-2020, thousand tons
Table 17. Average producer prices in the marble market across the Union Territories in 2015-2020, Rs./t
Table 18. Assessment of factors of investment attractiveness of the raw marble market
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