Kenya: Granite Block Market 2024

Granite Block Market Size in Kenya

The Kenyan granite block market dropped to $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -27.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Granite Block Production in Kenya

In value terms, granite block production declined slightly to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -36.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 63%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Granite Block Exports

Exports from Kenya

In 2022, approx. X tons of granite blocks and slabs were exported from Kenya; jumping by 46% against the year before. In general, exports posted a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,100% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, granite block exports surged to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 317%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uganda (X tons) was the main destination for granite block exports from Kenya, with a 81% share of total exports. Moreover, granite block exports to Uganda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda stood at +40.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-15.1% per year) and Rwanda (+53.4% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for granite blocks and slabs exports from Kenya, comprising 88% of total exports. The second position in the ranking was held by Rwanda ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+22.9% per year) and Uganda (+29.0% per year).

Export Prices by Country

In 2022, the average granite block export price amounted to $X per ton, shrinking by -10.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 486% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+18.4%), while the prices for the other major destinations experienced a decline.

Granite Block Imports

Imports into Kenya

In 2022, approx. X tons of granite blocks and slabs were imported into Kenya; with a decrease of -1.7% on the year before. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 with an increase of 574% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, granite block imports contracted modestly to $X in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 726% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest granite block supplier to Kenya, with a 49% share of total imports. Moreover, granite block imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.5% per year) and Egypt (+50.2% per year).

In value terms, China ($X) constituted the largest supplier of granite blocks and slabs to Kenya, comprising 57% of total imports. The second position in the ranking was taken by South Africa ($X), with a 21% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+39.8% per year) and India (+30.2% per year).

Import Prices by Country

The average granite block import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 35%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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