Key Market Indicators
The Indian stone industry is set to experience strong growth in the coming years. Indian stone imports are projected to reach $1.3 billion by 2026, up from $1.1 billion in 2021 - an average 3.4% year-on-year growth since 1993. In 2021, India ranked 11th in the world for stone imports, with Italy overtaking at $1.1 billion. Germany, the UK and France ranked second, third and fourth respectively. Meanwhile, Indian stone exports are expected to hit $1.8 billion by 2026, up from $1.6 billion in 2021 - an average 2.2% year-on-year growth since 1993. In 2021, India ranked 8th in the world for stone exports, with Poland overtaking at $1.6 billion. Germany, the US and Italy ranked second, third and fourth respectively.