| Product Code: ETC5376124 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | 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 stone market showed a growth rate of 3.48% from 2023 to 2024, with a compound annual growth rate (CAGR) of 17.83% from 2020 to 2024. This positive import momentum can be attributed to increased demand for quality stone products in construction and infrastructure projects, reflecting market stability and a growing preference for imported stones in Armenia.

By 2027, Armenia's Stone market is forecasted to achieve a high growth rate of 12.83%, 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 Stone Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Stone Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Stone Market - Industry Life Cycle |
3.4 Armenia Stone Market - Porter's Five Forces |
3.5 Armenia Stone Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Armenia Stone Market Revenues & Volume Share, By Applications, 2022 & 2032F |
3.7 Armenia Stone Market Revenues & Volume Share, By End-users, 2022 & 2032F |
4 Armenia Stone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for natural and sustainable building materials |
4.2.2 Growth in construction and infrastructure development projects |
4.2.3 Rising popularity of Armenian stone for its unique aesthetics and quality |
4.3 Market Restraints |
4.3.1 Challenges in transportation and logistics affecting supply chain efficiency |
4.3.2 Fluctuations in raw material prices impacting production costs |
5 Armenia Stone Market Trends |
6 Armenia Stone Market Segmentations |
6.1 Armenia Stone Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Armenia Stone Market Revenues & Volume, By Granite, 2022-2032F |
6.1.3 Armenia Stone Market Revenues & Volume, By Basalt &Trap, 2022-2032F |
6.1.4 Armenia Stone Market Revenues & Volume, By Limestone, 2022-2032F |
6.1.5 Armenia Stone Market Revenues & Volume, By Quartzite, 2022-2032F |
6.1.6 Armenia Stone Market Revenues & Volume, By Slate, 2022-2032F |
6.1.7 Armenia Stone Market Revenues & Volume, By Laterite, 2022-2032F |
6.1.9 Armenia Stone Market Revenues & Volume, By Others, 2022-2032F |
6.1.10 Armenia Stone Market Revenues & Volume, By Others, 2022-2032F |
6.2 Armenia Stone Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Armenia Stone Market Revenues & Volume, By ? Kitchens, 2022-2032F |
6.2.3 Armenia Stone Market Revenues & Volume, By Bathrooms, 2022-2032F |
6.2.4 Armenia Stone Market Revenues & Volume, By Facades, 2022-2032F |
6.2.5 Armenia Stone Market Revenues & Volume, By Floor Coverings, 2022-2032F |
6.2.6 Armenia Stone Market Revenues & Volume, By Sidings, 2022-2032F |
6.2.7 Armenia Stone Market Revenues & Volume, By Aggregates, 2022-2032F |
6.2.8 Armenia Stone Market Revenues & Volume, By Others? , 2022-2032F |
6.2.9 Armenia Stone Market Revenues & Volume, By Others? , 2022-2032F |
6.3 Armenia Stone Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Armenia Stone Market Revenues & Volume, By Residential, 2022-2032F |
6.3.3 Armenia Stone Market Revenues & Volume, By Non-Residential, 2022-2032F |
6.3.4 Armenia Stone Market Revenues & Volume, By Others, 2022-2032F |
7 Armenia Stone Market Import-Export Trade Statistics |
7.1 Armenia Stone Market Export to Major Countries |
7.2 Armenia Stone Market Imports from Major Countries |
8 Armenia Stone Market Key Performance Indicators |
8.1 Average selling price of Armenian stone products |
8.2 Number of new construction projects utilizing Armenian stone |
8.3 Percentage increase in export volume of Armenian stone |
9 Armenia Stone Market - Opportunity Assessment |
9.1 Armenia Stone Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Armenia Stone Market Opportunity Assessment, By Applications, 2022 & 2032F |
9.3 Armenia Stone Market Opportunity Assessment, By End-users, 2022 & 2032F |
10 Armenia Stone Market - Competitive Landscape |
10.1 Armenia Stone Market Revenue Share, By Companies, 2025 |
10.2 Armenia Stone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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