Australia: Granite Building Stone Market 2024

Granite Building Stone Market Size in Australia

In 2021, the Australian granite building stone market increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Granite Building Stone Exports

Exports from Australia

In 2021, approx. X tons of granite building stone were exported from Australia; with a decrease of -4.3% against the year before. Overall, exports, however, posted mild growth. The most prominent rate of growth was recorded in 2020 when exports increased by 149%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, granite building stone exports expanded notably to $X in 2021. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 105% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for granite building stone exports from Australia, accounting for a 56% share of total exports. Moreover, granite building stone exports to the United States exceeded the volume sent to the second major destination, China (X tons), twofold. New Zealand (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +199.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.9% per year) and New Zealand (+17.9% per year).

In value terms, the United States ($X), China ($X) and New Zealand ($X) appeared to be the largest markets for granite building stone exported from Australia worldwide, with a combined 91% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +93.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average granite building stone export price amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 125% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Papua New Guinea ($X per ton) and China ($X per ton), while the average price for exports to Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.3%), while the prices for the other major destinations experienced a decline.

Granite Building Stone Imports

Imports into Australia

In 2021, the amount of granite building stone imported into Australia rose rapidly to X tons, increasing by 5% on 2020. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 9.2% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, granite building stone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest granite building stone supplier to Australia, with a 78% share of total imports. Moreover, granite building stone imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. Italy (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.1% per year) and Italy (+13.5% per year).

In value terms, China ($X) constituted the largest supplier of granite building stone to Australia, comprising 78% of total imports. The second position in the ranking was taken by India ($X), with a 9.5% share of total imports. It was followed by Italy, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.7% per year) and Italy (+3.4% per year).

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Italy ($X per ton), while the price for India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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