Egypt: Granite Building Stone Market 2024

Granite Building Stone Market Size in Egypt

In 2021, after four years of growth, there was significant decline in the Egyptian granite building stone market, when its value decreased by -12.4% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Granite building stone consumption peaked at $X in 2020, and then contracted in the following year.

Granite Building Stone Production in Egypt

In value terms, granite building stone production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 48% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Granite Building Stone Exports

Exports from Egypt

In 2021, overseas shipments of granite building stone increased by 131% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 293%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, granite building stone exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Algeria (X tons), Turkey (X tons) and Lebanon (X tons) were the main destinations of granite building stone exports from Egypt, with a combined 48% share of total exports. Romania, Saudi Arabia, Jordan, the Dominican Republic, Libya, Colombia, Morocco and Ireland lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +275.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite building stone exported from Egypt were Algeria ($X), Turkey ($X) and Romania ($X), together accounting for 47% of total exports. Lebanon, Saudi Arabia, Jordan, the Dominican Republic, Libya, Colombia, Morocco and Ireland lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Colombia, with a CAGR of +329.7%, saw the highest rates of growth with regard to 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 average granite building stone export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2020 an increase of 83%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($X per ton) and Romania ($X per ton), while the average price for exports to Morocco ($X per ton) and the Dominican Republic ($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 (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Building Stone Imports

Imports into Egypt

In 2021, purchases abroad of granite building stone was finally on the rise to reach X tons after three years of decline. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 83% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, granite building stone imports surged to $X in 2021. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, India (X tons) constituted the largest granite building stone supplier to Egypt, accounting for a 90% share of total imports. It was followed by China (X tons), with a 1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.6% per year) and Italy (-14.0% per year).

In value terms, India ($X) constituted the largest supplier of granite building stone to Egypt, comprising 90% of total imports. The second position in the ranking was taken by China ($X), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from India stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.0% per year) and Italy (-13.1% per year).

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, surging by 12% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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