Angola: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Angola

The Angolan market for granite, sandstone and other building stone amounted to less than $X in 2021, remaining constant against the previous year. Over the period under review, consumption saw a relatively flat trend pattern.

Production of Granite, Sandstone And Other Building Stone in Angola

In value terms, production of granite, sandstone and other building stone fell to $X in 2021 estimated in export price. Overall, production showed a mild downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 51% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from Angola

After two years of growth, overseas shipments of granite, sandstone and other building stone decreased by -11.6% to X tons in 2021. In general, exports, however, saw a pronounced increase. The growth pace was the most rapid in 2019 with an increase of 63% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, exports of granite, sandstone and other building stone reduced to $X in 2021. Overall, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of 47%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for exports of granite, sandstone and other building stone from Angola, accounting for a 70% share of total exports. Moreover, exports of granite, sandstone and other building stone to China exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-0.8% per year) and Italy (-6.8% per year).

In value terms, China ($X) remains the key foreign market for granite, sandstone and other building stone exports from Angola, comprising 61% of total exports. The second position in the ranking was taken by Spain ($X), with a 20% share of total exports. It was followed by Taiwan (Chinese), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-2.7% per year) and Taiwan (Chinese) (+1.8% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, picking up by 3.7% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 8.3% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Poland ($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 Spain (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into Angola

In 2021, approx. X tons of granite, sandstone and other building stone were imported into Angola; waning by -8.7% against the previous year. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 195% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone reduced modestly to $X in 2021. Overall, imports recorded a sharp contraction. The growth pace was the most rapid in 2017 with an increase of 136% against the previous year. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of granite, sandstone and other building stone to Angola, accounting for a 72% share of total imports. Moreover, imports of granite, sandstone and other building stone from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sixfold. South Africa (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-21.7% per year) and South Africa (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of granite, sandstone and other building stone to Angola, comprising 53% of total imports. The second position in the ranking was taken by Portugal ($X), with a 26% share of total imports. It was followed by South Africa, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-27.4% per year) and South Africa (-5.5% per year).

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, surging by 6.1% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 100% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+20.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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