Africa: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Africa

For the third consecutive year, the African natural stone sett market recorded growth in sales value, which increased by 25% to $X in 2022. In general, consumption showed a prominent increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Natural Stone Sett Production in Africa

In value terms, natural stone sett production soared to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The growth pace was the most rapid in 2013 with an increase of 169% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

Natural Stone Sett Exports

Exports in Africa

In 2022, the amount of natural stone setts, kerbstones and flagstones exported in Africa contracted dramatically to X tons, falling by -72.9% against 2021. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 368%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, natural stone sett exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 228%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tunisia represented the key exporter of natural stone setts, kerbstones and flagstones in Africa, with the volume of exports reaching X tons, which was near 52% of total exports in 2022. Egypt (X tons) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Angola (12%). Zambia (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to natural stone sett exports from Tunisia stood at -2.1%. At the same time, Angola (+67.4%), Egypt (+29.1%), Zambia (+12.0%) and South Africa (+6.7%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of +67.4% from 2012-2022. From 2012 to 2022, the share of Tunisia, Egypt, Angola, Zambia and South Africa increased by +42, +24, +12, +2.7 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) emerged as the largest natural stone sett supplier in Africa, comprising 63% of total exports. The second position in the ranking was held by Egypt ($X), with an 18% share of total exports. It was followed by South Africa, with a 4.9% share.

In Tunisia, natural stone sett exports plunged by an average annual rate of -2.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+27.0% per year) and South Africa (+4.1% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by 23% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 138%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+7.5%), while the other leaders experienced a decline in the export price figures.

Natural Stone Sett Imports

Imports in Africa

In 2022, the amount of natural stone setts, kerbstones and flagstones imported in Africa declined remarkably to X tons, falling by -39.4% compared with the year before. Overall, imports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by 138% against the previous year. As a result, imports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, natural stone sett imports plummeted to $X in 2022. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 81% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

Morocco was the main importer of natural stone setts, kerbstones and flagstones in Africa, with the volume of imports resulting at X tons, which was approx. 56% of total imports in 2022. It was distantly followed by Egypt (X tons), Libya (X tons) and South Africa (X tons), together generating a 29% share of total imports. The following importers - Mauritania (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons) - together made up 7.2% of total imports.

From 2012 to 2022, average annual rates of growth with regard to natural stone sett imports into Morocco stood at +6.2%. At the same time, South Africa (+39.8%), Cote d'Ivoire (+36.4%), Mauritania (+34.8%) and Egypt (+15.4%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in Africa, with a CAGR of +39.8% from 2012-2022. By contrast, Nigeria (-2.3%) and Libya (-8.7%) illustrated a downward trend over the same period. While the share of Morocco (+14 p.p.), Egypt (+8.3 p.p.), South Africa (+5.6 p.p.), Mauritania (+2.9 p.p.) and Cote d'Ivoire (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-1.7 p.p.) and Libya (-25 p.p.) displayed negative dynamics.

In value terms, Morocco ($X) constitutes the largest market for imported natural stone setts, kerbstones and flagstones in Africa, comprising 44% of total imports. The second position in the ranking was taken by South Africa ($X), with a 13% share of total imports. It was followed by Egypt, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco amounted to +3.3%. In the other countries, the average annual rates were as follows: South Africa (+47.4% per year) and Egypt (+18.2% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, increasing by 34% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 56% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (+12.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :