• NAME OF RESEARCH

    Production of Construction Materials

  • NAME OF AUTHOR

    Grant Thornton

  • CATEGORY

    Manufacturing

  • YEAR

    2015-01-01

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South Caucasus countries are developing with fast pace and demand for construction materials is growing yearly. During 2010-2015 years GDP grew by CAGR 5.6% and it is widely expected to maintain a growth trajectory. Furthermore all countries of South Caucasus region are developing with fast pace and demand for construction materials is growing yearly.

Global imports of worked Marble, Travertine and Alabaster amounted to 1.9 Billion USD in 2014. Georgia imported 2 Million USD of these products in 2014 and import grew by CAGR of 21% since 2010. Georgia imported 54.3 million USD ceramic tiles in 2014, while Azerbaijan and Armenia imported 33 and 17 million USD respectively. Glass wool insulation is one of the most widely used forms of insulation. The total value of import in Georgia, Armenia, Azerbaijan and Kazakhstan amounted to 12 million USD in 2014 with 35% CAGR and 15% CAGR for Georgia and Kazakhstan respectively. Georgia has construction materials and facing stones small and medium sized deposits, 312 and 107 respectively