Key Market Indicators
The country was ranked number 102 in 2018, Latvia came ahead with 88 Kilograms. Australia, Bulgaria and Germany respectively ranked numbers 2, 3 and 4 in this ranking. Armenia's granite import is set to reach 1.77 million kilograms by 2026, growing at a 3.7% year-on-year CAGR. Since 2004, imports have increased by 19.3% year-on-year. In 2021, Armenia was ranked 39th in the world, with 1.4 million kilograms. Lithuania came first, followed by the United Kingdom, Russia and Denmark. Granite exports from Armenia were close to 50 kilograms in 2018, down 43.2% from 88 kilograms in 2017. Since 2006, exports have decreased by 70.4% year-on-year. Armenia was ranked 102nd in 2018, with Latvia coming first. Australia, Bulgaria and Germany followed in second, third and fourth place respectively.
