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

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

After two years of decline, the Canadian market for granite, sandstone and other building stone increased by 262% to $X in 2021. Overall, consumption recorded a significant expansion. Consumption of peaked in 2021 and is likely to continue growth in the immediate term.

Exports of Granite, Sandstone And Other Building Stone

Exports from Canada

In 2021, overseas shipments of granite, sandstone and other building stone increased by 29% to X tons, rising for the second consecutive year after four years of decline. In general, exports, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2015 with an increase of 50%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. Overall, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2015 with an increase of 77%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of granite, sandstone and other building stone from Canada, accounting for a 79% share of total exports. Moreover, exports of granite, sandstone and other building stone to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-20.3% per year) and Taiwan (Chinese) (-3.3% per year).

In value terms, the United States ($X) remains the key foreign market for granite, sandstone and other building stone exports from Canada, comprising 74% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.8% per year) and Taiwan (Chinese) (-3.4% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2015 an increase of 18% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to France ($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 China (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Canada

In 2021, supplies from abroad of granite, sandstone and other building stone was finally on the rise to reach X tons after two years of decline. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of granite, sandstone and other building stone skyrocketed to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of granite, sandstone and other building stone to Canada, accounting for a 84% share of total imports. Moreover, imports of granite, sandstone and other building stone from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. South Africa (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.7% per year) and South Africa (+7.1% per year).

In value terms, the United States ($X) constituted the largest supplier of granite, sandstone and other building stone to Canada, comprising 80% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by South Africa, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.6% per year) and South Africa (+19.2% per year).

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, growing by 6% against the previous year. In general, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, 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 Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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