By Anil Taneja,
World, May 28, 2026
The conflict in the Gulf has created all kinds of problems- disruptions in supply leading to the high shipping costs, rising inflation due to high energy prices, rising costs of inputs. Tremendous uncertainty is the overriding sensation everywhere.
Brazil, May 28, 2026
The local market has not been affected by the wars and is fairly dynamic. Most companies are busy with orders. Exports are down, especially to the main market, USA, by around 20% in the first quarter of 2026.
China, May 28, 2026
The perennial problem of oversupply and extreme competition among local companies continues. One surprising development- imports of blocks from Brazil actually increased by. %, confirming that while big projects are far less than before, the local market for high end premium stones continues to grow in China.
Europe, May 28, 2026
The industry is facing a very tough situation in almost all countries. Higher energy prices are causing general inflationary pressures. Except for Poland, Spain and some smaller countries in Central Europe, the mood is not positive.
Far East, May 28, 2026
Almost all countries are in a situation of slowing economic activity and lower demand for stone.
India, May 28, 2026
The local market in India is still showing resilience though the turbulence from the Gulf area could soon affect it in a significant way. Exporters are suffering from economic slowdown almost everywhere and higher shipping costs. The high-end construction where imported stone is most used, is still strong but may have reached its peak.
Latin America, May 28, 2026
The region is relatively immune from the conflicts so there is stability in the market. Mexico is feeling the impact of the slowdown in the US market.
Middle East and North Africa, May 28, 2026
This is not the moment for putting a number to the market. Obviously, the ongoing conflict has affected every aspect of business, imported stones are not arriving, the transport costs by alternative routes have become prohibitively expensive. One needs to wait for a cease in hostilities before analysing further.
U.S.A., May 28, 2026
The industry is facing an increasingly difficult business environment. Higher costs of everything, be it money, transport, etc., less construction activity, tariffs, are all taking their toll. The premium segment, where natural stone is most preferred, is relatively much less affected.
