Ethiopia: Crude Granite Market 2025

Crude Granite Market Size in Ethiopia

The Ethiopian crude granite market rose modestly to $X in 2022, surging by 3.5% against the previous year. In general, consumption recorded modest growth. Crude granite consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Crude Granite Production in Ethiopia

In value terms, crude granite production rose modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a slight increase. The pace of growth appeared the most rapid in 2013 with an increase of 47%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Crude Granite Exports

Exports from Ethiopia

In 2022, overseas shipments of granite (crude) decreased by -98.7% to X kg, falling for the second consecutive year after nine years of growth. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 153% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, crude granite exports contracted rapidly to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by 129% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X kg) was the main destination for crude granite exports from Ethiopia, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Ireland was relatively modest.

In value terms, Ireland ($X) emerged as the key foreign market for granite (crude) exports from Ethiopia, comprising 94% of total exports. The second position in the ranking was held by the United States ($X), with a 6.3% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Ireland was relatively modest.

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, rising by 833% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2014 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Crude Granite Imports

Imports into Ethiopia

Crude granite imports into Ethiopia surged to X tons in 2022, picking up by 42% compared with the year before. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 11,439%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, crude granite imports soared to $X in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 8,951% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest crude granite supplier to Ethiopia, with a 71% share of total imports. Moreover, crude granite imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +125.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+30.7% per year) and China (+30.1% per year).

In value terms, India ($X) constituted the largest supplier of granite (crude) to Ethiopia, comprising 84% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +54.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.9% per year) and the United Arab Emirates (-9.2% per year).

Import Prices by Country

In 2022, the average crude granite import price amounted to $X per ton, picking up by 4.5% against the previous year. Over the period under review, the import price, however, saw a deep contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform