HS Code:
The 'Slabs' category, typically classified under HS Code 6802 (worked monumental or building stone and articles thereof, including slabs), encompasses processed stone products used primarily in construction and architecture. This includes marble, granite, and other natural stones that are cut into slabs for flooring, countertops, and other structural or decorative applications. The global trade of slabs is driven by demand in construction industries, urbanization, and interior design trends across residential, commercial, and industrial sectors.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Rising demand for natural stone slabs in luxury construction
Increased exports from countries with high-quality marble and granite reserves like Italy and Brazil, driving premium pricing
2021-2022
Shift towards sustainable and eco-friendly materials
Growing preference for locally sourced slabs to reduce carbon footprint, impacting long-distance exporters like China
2022
Technological advancements in stone cutting and processing
Improved efficiency and customization options have boosted trade volumes, particularly for countries with advanced machinery like Italy
2020-2022
The European Union's Green Deal has introduced stricter environmental regulations on imported stone products, including slabs, to ensure sustainable quarrying practices.
January 2023
Exporters from countries with less stringent environmental laws may face higher compliance costs or market access restrictions.
The United States imposed additional anti-dumping duties on Chinese stone slabs to protect domestic producers, citing unfair pricing practices.
March 2022
Trade diversion to other exporters like India and Turkey, with a potential decline in Chinese market share in the US.
India launched a new policy to promote natural stone exports, including slabs, by offering subsidies and trade fair support to exporters.
September 2022
Expected increase in India's global market share as exporters gain competitive pricing and visibility.