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

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

The Israeli market for granite, sandstone and other building stone surged to $X in 2021, jumping by 142% against the previous year. Overall, consumption showed a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Granite, Sandstone And Other Building Stone in Israel

In value terms, production of granite, sandstone and other building stone contracted remarkably to $X in 2021 estimated in export price. Overall, production, however, posted a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 264% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then reduced remarkably in the following year.

Exports of Granite, Sandstone And Other Building Stone

Exports from Israel

In 2021, exports of granite, sandstone and other building stone from Israel fell remarkably to X tons, shrinking by -24.6% compared with the year before. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 93% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020, and then dropped markedly in the following year.

In value terms, exports of granite, sandstone and other building stone reduced remarkably to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 146%. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Portugal (X tons), Australia (X tons) and Norway (X tons) were the main destinations of exports of granite, sandstone and other building stone from Israel, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +263.8%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) emerged as the key foreign market for granite, sandstone and other building stone exports from Israel, comprising 59% of total exports. The second position in the ranking was taken by Norway ($X), with a 17% share of total exports. It was followed by Australia, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (0.0% per year) and Australia (+101.8% per year).

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, dropping by -45.3% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 28%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Australia ($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 Egypt (+2.1%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into Israel

Imports of granite, sandstone and other building stone into Israel surged to X tons in 2021, jumping by 111% compared with 2020. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Jordan (X tons) and Finland (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Israel, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +35,247.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone suppliers to Israel were Jordan ($X), Italy ($X) and Turkey ($X), together accounting for 85% of total imports. These countries were followed by the UK, Finland, India and China, which together accounted for a further 14%.

Finland, with a CAGR of +11,458.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, with an increase of 9.5% against the previous year. Over the period under review, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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