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

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

The Indonesian market for granite, sandstone and other building stone dropped to $X in 2021, shrinking by -10.4% 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 continues to indicate a precipitous contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Indonesia

Exports of granite, sandstone and other building stone from Indonesia skyrocketed to X tons in 2021, with an increase of 234% on the year before. Overall, exports, however, showed a pronounced shrinkage. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone soared to $X in 2021. In general, exports, however, faced a sharp contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of granite, sandstone and other building stone from Indonesia, with a 986% share of total exports. Moreover, exports of granite, sandstone and other building stone to the United Arab Emirates exceeded the volume sent to the second major destination, Colombia (X tons), sevenfold. Japan (X tons) ranked third in terms of total exports with an 116% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +227.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+36,378.0% per year) and Japan (+27.9% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for granite, sandstone and other building stone exports from Indonesia, comprising 1,105% of total exports. The second position in the ranking was taken by Colombia ($X), with a 201% share of total exports. It was followed by Japan, with a 58% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +146.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+12,843.7% per year) and Japan (+21.1% per year).

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a sharp descent. The growth pace was the most rapid in 2016 an increase of 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan ($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 Singapore (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into Indonesia

After six years of decline, overseas purchases of granite, sandstone and other building stone increased by 48% to X tons in 2021. Overall, imports, however, faced a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone skyrocketed to $X in 2021. In general, imports, however, showed a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest granite, sandstone and other building stone supplier to Indonesia, with a 33% share of total imports. Moreover, imports of granite, sandstone and other building stone from India exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. The third position in this ranking was held by China (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-9.8% per year) and China (-27.5% per year).

In value terms, India ($X), Australia ($X) and China ($X) appeared to be the largest granite, sandstone and other building stone suppliers to Indonesia, together comprising 63% of total imports. These countries were followed by Italy, Thailand, Brazil and Malaysia, which together accounted for a further 16%.

Among the main suppliers, Thailand, with a CAGR of +131.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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