| Product Code: ETC5376189 | 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 |
Maldives` stone import market in 2024 saw continued dominance from top exporting countries such as India, UAE, China, Namibia, and Sri Lanka. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the market experienced an impressive compound annual growth rate (CAGR) of 26.69% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -22.44%, suggesting a potential shift in market dynamics. It will be interesting to see how these trends evolve in the coming years.

By 2027, the Stone market in Maldives is anticipated to reach a growth rate of 10.18%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

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 Maldives Stone Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Stone Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Stone Market - Industry Life Cycle |
3.4 Maldives Stone Market - Porter's Five Forces |
3.5 Maldives Stone Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Stone Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.7 Maldives Stone Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Maldives Stone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for luxury home décor and construction materials |
4.2.2 Growth in the tourism industry leading to demand for high-quality building materials |
4.2.3 Rising investments in infrastructure development projects in the Maldives |
4.3 Market Restraints |
4.3.1 Limited availability of skilled labor for stone extraction and processing |
4.3.2 Fluctuations in raw material costs impacting overall pricing and profitability |
5 Maldives Stone Market Trends |
6 Maldives Stone Market Segmentations |
6.1 Maldives Stone Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Stone Market Revenues & Volume, By Granite, 2021-2031F |
6.1.3 Maldives Stone Market Revenues & Volume, By Basalt &Trap, 2021-2031F |
6.1.4 Maldives Stone Market Revenues & Volume, By Limestone, 2021-2031F |
6.1.5 Maldives Stone Market Revenues & Volume, By Quartzite, 2021-2031F |
6.1.6 Maldives Stone Market Revenues & Volume, By Slate, 2021-2031F |
6.1.7 Maldives Stone Market Revenues & Volume, By Laterite, 2021-2031F |
6.1.9 Maldives Stone Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Maldives Stone Market Revenues & Volume, By Others, 2021-2031F |
6.2 Maldives Stone Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Maldives Stone Market Revenues & Volume, By ? Kitchens, 2021-2031F |
6.2.3 Maldives Stone Market Revenues & Volume, By Bathrooms, 2021-2031F |
6.2.4 Maldives Stone Market Revenues & Volume, By Facades, 2021-2031F |
6.2.5 Maldives Stone Market Revenues & Volume, By Floor Coverings, 2021-2031F |
6.2.6 Maldives Stone Market Revenues & Volume, By Sidings, 2021-2031F |
6.2.7 Maldives Stone Market Revenues & Volume, By Aggregates, 2021-2031F |
6.2.8 Maldives Stone Market Revenues & Volume, By Others? , 2021-2031F |
6.2.9 Maldives Stone Market Revenues & Volume, By Others? , 2021-2031F |
6.3 Maldives Stone Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Maldives Stone Market Revenues & Volume, By Residential, 2021-2031F |
6.3.3 Maldives Stone Market Revenues & Volume, By Non-Residential, 2021-2031F |
6.3.4 Maldives Stone Market Revenues & Volume, By Others, 2021-2031F |
7 Maldives Stone Market Import-Export Trade Statistics |
7.1 Maldives Stone Market Export to Major Countries |
7.2 Maldives Stone Market Imports from Major Countries |
8 Maldives Stone Market Key Performance Indicators |
8.1 Average selling price of Maldives stone products |
8.2 Percentage increase in exports of Maldives stone products |
8.3 Number of new construction projects utilizing Maldives stone as a primary material |
8.4 Investment in research and development for innovative stone products |
9 Maldives Stone Market - Opportunity Assessment |
9.1 Maldives Stone Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Stone Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.3 Maldives Stone Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Maldives Stone Market - Competitive Landscape |
10.1 Maldives Stone Market Revenue Share, By Companies, 2024 |
10.2 Maldives 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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