United Kingdom: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in the UK

The UK market for granite, sandstone and other building stone soared to $X in 2021, picking up by 78% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Granite, Sandstone And Other Building Stone

Exports from the UK

In 2021, shipments abroad of granite, sandstone and other building stone was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 100% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a mild setback. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of exports of granite, sandstone and other building stone from the UK, with a combined 70% share of total exports. These countries were followed by the United States, Portugal, Germany and China, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +405.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite, sandstone and other building stone exported from the UK were Ireland ($X), Belgium ($X) and the United States ($X), with a combined 78% share of total exports. These countries were followed by Spain, Portugal, Germany and China, which together accounted for a further 12%.

In terms of the main countries of destination, Portugal, with a CAGR of +243.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, surging by 59% against the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into the UK

For the tenth year in a row, the UK recorded growth in purchases abroad of granite, sandstone and other building stone, which increased by 43% to X tons in 2021. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, imports of granite, sandstone and other building stone soared to $X in 2021. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Norway (X tons) constituted the largest granite, sandstone and other building stone supplier to the UK, with a 68% share of total imports. Moreover, imports of granite, sandstone and other building stone from Norway exceeded the figures recorded by the second-largest supplier, India (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway totaled +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+22.0% per year) and China (-19.9% per year).

In value terms, India ($X) constituted the largest supplier of granite, sandstone and other building stone to the UK, comprising 78% of total imports. The second position in the ranking was taken by Norway ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India stood at +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+14.9% per year) and China (-10.4% per year).

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, surging by 65% against the previous year. Overall, the import price, however, saw a deep slump. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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