Iran aims to capture 10% of global decorative stones market by 2030: Executive
The president of Iran Stone Association stated that with the right infrastructure in place, Iran has the potential to secure a 10% share of the global trade in decorative stones by 2030.
Bahram Shakuri added, “Currently, the annual global trade of decorative stones stands at approximately $30 billion, and industry projections estimate it to reach $54 billion by 2030.”
Shakuri highlighted that China currently holds a market share of $5.3 billion for these products, emphasizing Iran’s capability to achieve similar export levels. However, he stressed the need to meet international extraction standards, which stand at around 2%, IRNA wrote.
It was noted that the current average extraction rate from Iran’s decorative stone reserves is 0.5%. Shakuri emphasized that aligning with this global norm would enable Iran to reach $5 billion in exports and create employment opportunities for approximately one million individuals within the sector.
To achieve this goal, Shakuri underscored the importance of establishing mega-processing projects, acquiring machinery and equipment, reactivating dormant mines, and ensuring the production of standardized products.
Furthermore, he emphasized the criticality of developing fundamental infrastructure such as ports, rail and road networks, and establishing political and economic connections with other countries.
He particularly emphasized the need to facilitate visa issuance for traders, merchants, and economic actors, especially with friendly and target countries.
Shakuri also shared the positive experience of Iranian companies participating in the Xiamen Stone Fair held in China.
He stated, “This exhibition, along with the exhibitions in Izmir, Turkey, and Verona, Italy, are among the prominent events in the industrial and mining sector that took place last month.”