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

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

The Moroccan market for granite, sandstone and other building stone surged to $X in 2021, with an increase of 573% 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, however, showed a dramatic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Morocco

In 2021, overseas shipments of granite, sandstone and other building stone were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a deep contraction. The growth pace was the most rapid in 2013 when exports increased by 414% against the previous year. As a result, the exports reached the peak of X tons. From 2014 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 expanded notably to $X in 2021. Overall, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 437% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of granite, sandstone and other building stone from Morocco, accounting for a 57% share of total exports. Moreover, exports of granite, sandstone and other building stone to Spain exceeded the volume sent to the second major destination, Mauritania (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (+22.0% per year) and China (+5.9% per year).

In value terms, Spain ($X), China ($X) and Mauritania ($X) appeared to be the largest markets for granite, sandstone and other building stone exported from Morocco worldwide, together accounting for 67% of total exports. Italy and the Netherlands lagged somewhat behind, together comprising a further 14%.

The Netherlands, with a CAGR of +43.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, with a decrease of -41.5% against the previous year. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 135%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+18.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into Morocco

In 2021, imports of granite, sandstone and other building stone into Morocco surged to X tons, growing by 264% compared with the previous year's figure. Over the period under review, imports, however, showed a precipitous decline. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone soared to $X in 2021. Overall, imports, however, showed a precipitous setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest granite, sandstone and other building stone supplier to Morocco, accounting for a 49% share of total imports. Moreover, imports of granite, sandstone and other building stone from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was taken by Egypt (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-8.5% per year) and Egypt (+5.3% per year).

In value terms, China ($X), India ($X) and Spain ($X) constituted the largest granite, sandstone and other building stone suppliers to Morocco, together comprising 73% of total imports. These countries were followed by Egypt, Portugal, France, Turkey and Italy, which together accounted for a further 34%.

Among the main suppliers, Egypt, with a CAGR of -0.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, declining by -37.6% against the previous year. Overall, the import price recorded a noticeable slump. The growth pace was the most rapid in 2020 when the average import price increased by 77% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Portugal ($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 (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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