Middle East and North Africa: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Middle East and North Africa

The MENA's market for granite, sandstone and other building stone fell modestly to $X in 2021, dropping by -X% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank modestly in the following year.

Production of Granite, Sandstone And Other Building Stone in Middle East and North Africa

In value terms, production of granite, sandstone and other building stone fell to $X in 2021 estimated in export price. In general, production recorded a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports in Middle East and North Africa

After two years of growth, shipments abroad of granite, sandstone and other building stone decreased by -X% to X tons in 2021. In general, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of granite, sandstone and other building stone contracted modestly to $X in 2021. Over the period under review, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which finished at X% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a X% share, followed by Palestine (X%), Iran (X%), Iraq (X%), the United Arab Emirates (X%) and Oman (X%).

From 2012 to 2021, average annual rates of growth with regard to granite, sandstone and other building stone exports from Turkey stood at -X%. At the same time, Iraq (+X%), the United Arab Emirates (+X%), Oman (+X%), Palestine (+X%) and Iran (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing exporter exported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of Palestine (+X p.p.), Iraq (+X p.p.), the United Arab Emirates (+X p.p.), Iran (+X p.p.), Oman (+X p.p.) and Saudi Arabia (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest granite, sandstone and other building stone supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by Palestine, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at -X%. In the other countries, the average annual rates were as follows: Saudi Arabia (-X% per year) and Palestine (+X% per year).

Export Prices by Country

The ilding stone in Middle East and North Africa stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Iran ($X per ton), while Oman ($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 (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Granite, Sandstone And Other Building Stone

Imports in Middle East and North Africa

In 2021, after two years of decline, there was growth in overseas purchases of granite, sandstone and other building stone, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone dropped to $X in 2021. Total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2020, and then reduced slightly in the following year.

Imports by Country

Algeria represented the main importer of granite, sandstone and other building stone in Middle East and North Africa, with the volume of imports resulting at X tons, which was near X% of total imports in 2021. The United Arab Emirates (X tons) held the second position in the ranking, followed by Tunisia (X tons), Syrian Arab Republic (X tons), Egypt (X tons) and Israel (X tons). All these countries together took near X% share of total imports. Libya (X tons), Jordan (X tons), Kuwait (X tons), Turkey (X tons) and Oman (X tons) followed a long way behind the leaders.

Algeria was also the fastest-growing in terms of the granite, sandstone and other building stone imports, with a CAGR of +X% from 2012 to 2021. At the same time, Libya (+X%), Egypt (+X%), Tunisia (+X%), Syrian Arab Republic (+X%) and Israel (+X%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. By contrast, Jordan (-X%), Kuwait (-X%), the United Arab Emirates (-X%) and Turkey (-X%) illustrated a downward trend over the same period. While the share of Algeria (+X p.p.), Libya (+X p.p.), Tunisia (+X p.p.), Egypt (+X p.p.) and Syrian Arab Republic (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-X p.p.) and Turkey (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) constitutes the largest market for imported granite, sandstone and other building stone in Middle East and North Africa, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Algeria amounted to +X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Egypt (+X% per year).

Import Prices by Country

The ilding stone in Middle East and North Africa stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2020, and then shrank slightly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Algeria ($X per ton), while Libya ($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 (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform