Report Update Nov 1, 2024

Ghana - Marble Building Stone - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Marble Building Stone Market 2024

Marble Building Stone Market Size in Ghana

The Ghanian marble building stone market reduced markedly to $X in 2021, waning by -51.7% 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). Over the period under review, consumption, however, posted prominent growth. Marble building stone consumption peaked at $X in 2020, and then shrank notably in the following year.

Marble Building Stone Exports

Exports from Ghana

In 2021, after two years of decline, there was significant growth in overseas shipments of marble building stone, when their volume increased by 20,346% to X tons. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, marble building stone exports skyrocketed to $X in 2021. Overall, exports posted a resilient expansion. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for marble building stone exports from Ghana, accounting for a 87% share of total exports. Moreover, marble building stone exports to Canada exceeded the volume sent to the second major destination, Turkey (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Cote d'Ivoire (-32.1% per year).

In value terms, Canada ($X) emerged as the key foreign market for marble building stone exports from Ghana, comprising 87% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (0.0% per year) and Cote d'Ivoire (-27.4% per year).

Export Prices by Country

In 2021, the average marble building stone export price amounted to $X per ton, dropping by -84.6% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 343% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Turkey ($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 Togo (+15.3%).

Marble Building Stone Imports

Imports into Ghana

Marble building stone imports into Ghana reduced remarkably to X tons in 2021, dropping by -31.6% compared with 2020 figures. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 251%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, marble building stone imports contracted remarkably to $X in 2021. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 248%. Imports peaked at $X in 2020, and then declined remarkably in the following year.

Imports by Country

Turkey (X tons), China (X tons) and Italy (X tons) were the main suppliers of marble building stone imports to Ghana, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +39.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of marble building stone to Ghana, comprising 58% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Italy, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+39.7% per year) and Italy (+22.6% per year).

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, shrinking by -36.9% against the previous year. Overall, the import price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2020 an increase of 39%. As a result, import price attained the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for marble building stone in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, together accounting for 39% of global consumption. These countries were followed by Turkey, Saudi Arabia, India, Spain, Pakistan, Brazil, Indonesia, Israel, Mexico and France, which together accounted for a further 36%.

What are the largest producers of marble building stone in the world?

The countries with the highest volumes of in 2021 were Turkey, China and Italy, together accounting for 58% of global production. These countries were followed by India, the United States, Spain, Egypt, Pakistan, Brazil, Indonesia, Mexico and Iran, which together accounted for a further 29%.

What are the leading suppliers of marble building stone to Ghana?

In value terms, Turkey constituted the largest supplier of marble building stone to Ghana, comprising 64% of total imports. The second position in the ranking was occupied by Spain, with an 11% share of total imports. It was followed by Israel, with a 9.3% share.

What are the leading importers of marble building stone from Ghana?

In value terms, Canada, Cote d'Ivoire and Turkey $308) appeared to be the largest markets for marble building stone exported from Ghana worldwide, together accounting for 100% of total exports.

What is the average export price for marble building stone in Ghana?

In 2021, the average marble building stone export price amounted to $241 per ton, declining by -93.7% against the previous year.

What is the average import price for marble building stone in Ghana?

In 2021, the average marble building stone import price amounted to $1,610 per ton, with a decrease of -8.1% against the previous year.

This report provides an in-depth analysis of the marble building stone market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23701100 - Worked monumental/building stone and articles thereof, in marble, travertine and alabaster excluding tiles, cubes/similar articles, largest surface < 7 cm., setts, kerbstones, flagstones

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023