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

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

The Irish market for granite, sandstone and other building stone skyrocketed to $X in 2021, rising by 62% 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). In general, consumption posted a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Granite, Sandstone And Other Building Stone

Exports from Ireland

For the sixth year in a row, Ireland recorded growth in shipments abroad of granite, sandstone and other building stone, which increased by 71% to X tons in 2021. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of granite, sandstone and other building stone soared to $X in 2021. Over the period under review, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for exports of granite, sandstone and other building stone from Ireland, accounting for a 91% share of total exports. Moreover, exports of granite, sandstone and other building stone to the UK exceeded the volume sent to the second major destination, Belgium (X tons), eightfold. The third position in this ranking was taken by Germany (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+73.3% per year) and Germany (+14.4% per year).

In value terms, the UK ($X) remains the key foreign market for granite, sandstone and other building stone exports from Ireland, comprising 95% of total exports. The second position in the ranking was held by Belgium ($X), with a 5.2% share of total exports. It was followed by Germany, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+48.2% per year) and Germany (+2.7% 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 3.5% against the previous year. In general, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into Ireland

In 2021, supplies from abroad of granite, sandstone and other building stone increased by 38% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 53% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, imports of granite, sandstone and other building stone soared to $X in 2021. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of granite, sandstone and other building stone to Ireland, with a 67% share of total imports. Moreover, imports of granite, sandstone and other building stone from India exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. Portugal (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.0% per year) and Portugal (+33.0% per year).

In value terms, India ($X) constituted the largest supplier of granite, sandstone and other building stone to Ireland, comprising 70% of total imports. The second position in the ranking was held by the UK ($X), with a 9.6% share of total imports. It was followed by Portugal, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+10.0% per year) and Portugal (+30.6% per year).

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, growing by 60% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for granite, sandstone and other building stone increased by +75.0% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Belgium ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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