Granite: crude or roughly trimmed

In 2024, granite: crude or roughly trimmed trade exhibited significant decline, with global flows reaching $734,535,350 and a three-year compound annual growth rate of -12.3% (five-year: -6.6%). The all-time peak of $1,397,446,683 was recorded in 2014; the current level is 47% below that high-water mark.

Over the 30-year observation window (1995–2024), 59% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-6.0% acceleration).

The World Trade Flows Characterization classifies granite: crude or roughly trimmed as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.229). The three largest exporters — India ($343.8M), Norway ($71.6M), and Brazil ($68.9M) — collectively dominate supply flows. The leading exporter has grown at -16.9% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.281). The three largest import markets are China ($373.0M), Italy ($81.7M), and United Kingdom ($49.9M). The largest importing market sources from 52 different supplying countries.

Estimated substitution elasticity: -10.20. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is India → China at $278.9M, representing 74.8% of the importer's total demand.

The volatility score for granite: crude or roughly trimmed is 13 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.