CIS: Granite Block Market 2024

Granite Block Market Size in CIS

The CIS granite block market was estimated at $X in 2022, leveling off at the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Granite Block Production in CIS

In value terms, granite block production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 32%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Granite Block Exports

Exports in CIS

In 2022, approx. X tons of granite blocks and slabs were exported in the CIS; picking up by 25% against the previous year's figure. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, granite block exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 52%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was approx. 93% of total exports in 2022. The following exporters - Kazakhstan (X tons) and Belarus (X tons) - together made up 4.7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to granite block exports from Russia stood at +6.1%. At the same time, Belarus (+27.7%) and Kazakhstan (+14.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +27.7% from 2012-2022. While the share of Belarus (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest granite block supplier in the CIS, comprising 86% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 5.4% share of total exports.

In Russia, granite block exports shrank by an average annual rate of -1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+10.4% per year) and Belarus (+15.3% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -1.9% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2013 when the export price increased by 51%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.4%), while the other leaders experienced a decline in the export price figures.

Granite Block Imports

Imports in CIS

In 2022, the amount of granite blocks and slabs imported in the CIS shrank slightly to X tons, therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, granite block imports expanded notably to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Belarus was the major importer of granite blocks and slabs in the CIS, with the volume of imports accounting for X tons, which was near 50% of total imports in 2022. Russia (X tons) ranks second in terms of the total imports with a 15% share, followed by Kyrgyzstan (11%), Kazakhstan (9.9%) and Armenia (9.2%). Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to granite block imports into Belarus stood at +7.6%. At the same time, Kazakhstan (+16.2%) and Armenia (+11.1%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +16.2% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, Azerbaijan (-4.2%) and Kyrgyzstan (-4.3%) illustrated a downward trend over the same period. Belarus (+18 p.p.), Kazakhstan (+7 p.p.) and Armenia (+5 p.p.) significantly strengthened its position in terms of the total imports, while Azerbaijan, Russia and Kyrgyzstan saw its share reduced by -3%, -5.5% and -11.8% from 2012 to 2022, respectively.

In value terms, Belarus ($X) constitutes the largest market for imported granite blocks and slabs in the CIS, comprising 52% of total imports. The second position in the ranking was taken by Azerbaijan ($X), with a 15% share of total imports. It was followed by Russia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus amounted to +11.2%. In the other countries, the average annual rates were as follows: Azerbaijan (+16.5% per year) and Russia (-4.9% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, with an increase of 13% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the import price increased by 31% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 Azerbaijan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+21.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :