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

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

The Egyptian market for granite, sandstone and other building stone skyrocketed to $X in 2021, growing by 107% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Granite, Sandstone And Other Building Stone

Exports from Egypt

Exports of granite, sandstone and other building stone from Egypt soared to X tons in 2021, increasing by 76% on the previous year's figure. In general, exports recorded a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 76% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 126% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Algeria (X tons), Palestine (X tons) and Turkey (X tons) were the main destinations of exports of granite, sandstone and other building stone from Egypt, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were in Algeria (with a CAGR of +127.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite, sandstone and other building stone exported from Egypt were Algeria ($X), Palestine ($X) and the UK ($X), together accounting for 46% of total exports.

Among the main countries of destination, Algeria, with a CAGR of +192.0%, 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 average export price for granite, sandstone and other building stone stood at $X per ton in 2021, dropping by -3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 an increase of 28%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 the UK (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Egypt

For the third year in a row, Egypt recorded growth in overseas purchases of granite, sandstone and other building stone, which increased by 79% to X tons in 2021. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 262%. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, imports of granite, sandstone and other building stone skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 206% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, India (X tons) was the main supplier of granite, sandstone and other building stone to Egypt, with a 280% share of total imports. Moreover, imports of granite, sandstone and other building stone from India exceeded the figures recorded by the second-largest supplier, Sudan (X tons), more than tenfold. Norway (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sudan (+4,489.4% per year) and Norway (+23.7% per year).

In value terms, India ($X) constituted the largest supplier of granite, sandstone and other building stone to Egypt, comprising 201% of total imports. The second position in the ranking was held by Sudan ($X), with a 10% share of total imports. It was followed by Norway, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sudan (+427.1% per year) and Norway (+27.0% per year).

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, rising by 24% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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