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

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

The CIS market for granite, sandstone and other building stone surged to $X in 2021, increasing by 267% against the previous year. Over the period under review, consumption, however, showed a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Granite, Sandstone And Other Building Stone in CIS

In value terms, production of granite, sandstone and other building stone contracted sharply to $X in 2021 estimated in export price. In general, production posted mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 113% against the previous year. The level of production peaked at $X in 2020, and then declined rapidly in the following year.

Exports of Granite, Sandstone And Other Building Stone

Exports in CIS

Exports of granite, sandstone and other building stone surged to X tons in 2021, jumping by 127% on the previous year. Overall, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 40% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia was the key exporting country with an export of about X tons, which reached 60% of total exports. Uzbekistan (X tons) took the second position in the ranking, followed by Kazakhstan (X tons) and Kyrgyzstan (X tons). All these countries together held near 34% share of total exports. Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to granite, sandstone and other building stone exports from Russia stood at +24.3%. At the same time, Tajikistan (+62.8%), Uzbekistan (+61.8%), Kyrgyzstan (+2.1%) and Kazakhstan (+1.5%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +62.8% from 2012-2021. Russia (+29 p.p.), Uzbekistan (+15 p.p.) and Tajikistan (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan and Kazakhstan saw its share reduced by -18.3% and -21.5% from 2012 to 2021, respectively.

In value terms, Uzbekistan ($X), Russia ($X) and Kyrgyzstan ($X) constituted the countries with the highest levels of exports in 2021, with a combined 81% share of total exports. Tajikistan and Kazakhstan lagged somewhat behind, together accounting for a further 14%.

Among the main exporting countries, Tajikistan, with a CAGR of +76.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, reducing by -39.6% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 15%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+8.2%), while the other leaders experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports in CIS

In 2021, the amount of granite, sandstone and other building stone imported in the CIS skyrocketed to X tons, picking up by 227% against 2020. Over the period under review, imports continue to indicate a perceptible increase. As a result, imports attained 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, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Uzbekistan (X tons) was the major importer of granite, sandstone and other building stone, creating 58% of total imports. It was distantly followed by Russia (X tons) and Belarus (X tons), together making up a 29% share of total imports. The following importers - Kyrgyzstan (X tons), Azerbaijan (X tons) and Armenia (X tons) - each finished at a 12% share of total imports.

Uzbekistan was also the fastest-growing in terms of the granite, sandstone and other building stone imports, with a CAGR of +36.3% from 2012 to 2021. At the same time, Armenia (+23.2%), Kyrgyzstan (+21.9%) and Azerbaijan (+2.5%) displayed positive paces of growth. Belarus experienced a relatively flat trend pattern. By contrast, Russia (-11.0%) illustrated a downward trend over the same period. Uzbekistan (+54 p.p.), Kyrgyzstan (+3.5 p.p.) and Armenia (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -58.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported granite, sandstone and other building stone in the CIS, comprising 67% of total imports. The second position in the ranking was held by Russia ($X), with an 11% share of total imports. It was followed by Azerbaijan, with a 7.5% share.

In Uzbekistan, imports of granite, sandstone and other building stone increased at an average annual rate of +23.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-11.6% per year) and Azerbaijan (+4.2% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 1.5% against the previous year. Import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for granite, sandstone and other building stone increased by +8.3% against 2019 indices. The pace of growth was the most pronounced in 2015 when the import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Azerbaijan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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