HS Code:
The category 'Slabs of rectangular shape, with a length of 3 m or more and a width of 1.25 m or more' typically includes large-format slabs used in construction, manufacturing, and industrial applications. These slabs are often made of materials such as stone, marble, granite, or concrete, and are utilized for flooring, countertops, and structural purposes. This category falls under specific HS Codes related to stone or construction materials (e.g., HS 6802 for worked monumental or building stone). Global trade in this category is driven by demand in construction and infrastructure projects, with significant influence from urbanization and industrial growth.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 600 million
24% of total trade of total trade
Increasing
USD 500 million
20% of total trade of total trade
Stable
USD 400 million
16% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Stable
USD 200 million
8% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU internal trade)
Rising demand for sustainable materials
Increased preference for eco-friendly and recycled slabs, pushing manufacturers to adopt greener practices
2021-2022
Growth in urban infrastructure projects
Higher demand for large-format slabs in emerging economies due to urbanization and commercial construction
2020-2022
Technological advancements in processing
Improved cutting and finishing technologies have reduced costs and increased export competitiveness for countries like Italy and China
2019-2022
The European Union's Green Deal has introduced stricter environmental standards for imported construction materials, including slabs, requiring exporters to comply with carbon footprint regulations.
January 2023
Increased compliance costs for exporters from non-EU countries, potentially reducing trade volumes in the short term but encouraging sustainable practices.
The United States imposed additional anti-dumping duties on Chinese stone slabs to protect domestic producers, citing unfair pricing practices.
March 2022
Shift in market share towards other exporters like India and Brazil, with a potential rise in prices for US consumers.
India's government announced a major infrastructure development plan, increasing domestic demand for large slabs while also boosting exports of raw and finished materials.
August 2021
Strengthened India's position as a key exporter while creating supply chain opportunities for neighboring countries.