The market is dominated by foreign suppliers, as imports account for 67.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 97.2% of total demand in 2022. India has the third largest market size for quarrying of stone, sand and clay regionally, with demand reaching USD21.1 billion in 2022. Gimpex Ltd is the largest company in India, generating 3.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 5.7% of total production value in 2022. The total number of companies increases in 2022, to 197,921 units. The costs of the industry increase by 1.1% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 48.4% of production value in 2022, the fifth highest regionally. The industry’s exports share increases in 2022 to 51.1% of total production output. With production value of USD7.9 billion, India accounts for 2.6% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Quarrying of Stone, Sand and Clay in India: ISIC 14. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Quarrying of Stone, Sand and Clay in India: ISIC 14 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Non-metalic Mineral Products is an aggregation of Quarrying of Stone, Sand and Clay; Cement, Stone and Ceramic Products; Glass and Glass Prodcuts.
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