| Product Code: ETC5681739 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for the granite market experienced a notable decline from 2023 to 2024, with a growth rate of -31.27%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at a robust 34.42%. This significant decline in import momentum could be attributed to shifts in demand, changes in trade policies, or market instability during that period.
By 2027, Armenia's Granite market is forecasted to achieve a high growth rate of 12.47%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Granite Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Granite Market Revenues & Volume, 2021 & 2031F |
3.3 Armenia Granite Market - Industry Life Cycle |
3.4 Armenia Granite Market - Porter's Five Forces |
3.5 Armenia Granite Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Armenia Granite Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Armenia Granite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for high-quality and durable construction materials in Armenia |
4.2.2 Increase in infrastructure development projects driving the demand for granite products |
4.2.3 Rising popularity of granite for interior and exterior decoration in residential and commercial buildings |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices impacting production costs |
4.3.2 Competition from alternative materials like engineered stone and marble |
4.3.3 Economic instability affecting construction and renovation activities in the region |
5 Armenia Granite Market Trends |
6 Armenia Granite Market Segmentations |
6.1 Armenia Granite Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Armenia Granite Market Revenues & Volume, By Granite Slabs, 2021-2031F |
6.1.3 Armenia Granite Market Revenues & Volume, By Granite Tiles, 2021-2031F |
6.1.4 Armenia Granite Market Revenues & Volume, By Others, 2021-2031F |
6.2 Armenia Granite Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Armenia Granite Market Revenues & Volume, By Kitchen Countertops, 2021-2031F |
6.2.3 Armenia Granite Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.4 Armenia Granite Market Revenues & Volume, By Stair Treads, 2021-2031F |
6.2.5 Armenia Granite Market Revenues & Volume, By Monuments, 2021-2031F |
6.2.6 Armenia Granite Market Revenues & Volume, By Others, 2021-2031F |
7 Armenia Granite Market Import-Export Trade Statistics |
7.1 Armenia Granite Market Export to Major Countries |
7.2 Armenia Granite Market Imports from Major Countries |
8 Armenia Granite Market Key Performance Indicators |
8.1 Average selling price of granite products in the Armenia market |
8.2 Number of infrastructure projects utilizing granite materials |
8.3 Customer satisfaction index with granite products and services |
8.4 Percentage of market share held by local granite suppliers |
8.5 Rate of adoption of new granite varieties in the market |
9 Armenia Granite Market - Opportunity Assessment |
9.1 Armenia Granite Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Armenia Granite Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Armenia Granite Market - Competitive Landscape |
10.1 Armenia Granite Market Revenue Share, By Companies, 2024 |
10.2 Armenia Granite Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |