New Zealand: Crude Granite Market 2024

Crude Granite Market Size in New Zealand

The New Zealand crude granite market totaled $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Crude Granite Production in New Zealand

In value terms, crude granite production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Crude Granite Exports

Exports from New Zealand

For the eighth year in a row, New Zealand recorded growth in shipments abroad of granite (crude), which increased by 24% to X tons in 2021. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 65% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, crude granite exports soared to $X in 2021. Overall, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for crude granite exports from New Zealand, with a 59% share of total exports. Moreover, crude granite exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and China (-19.6% per year).

In value terms, the United States ($X) emerged as the key foreign market for granite (crude) exports from New Zealand, comprising 61% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by China, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and China (+1.6% per year).

Export Prices by Country

The average crude granite export price stood at $X per ton in 2021, with an increase of 56% against the previous year. In general, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Samoa ($X per ton), while the average price for exports to Sweden ($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 Sweden (+83.4%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into New Zealand

In 2022, the amount of granite (crude) imported into New Zealand fell modestly to X tons, declining by -4.4% compared with 2021. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 336%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crude granite imports surged to $X in 2022. Overall, imports, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2018 when imports increased by 137% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest crude granite supplier to New Zealand, accounting for a 60% share of total imports. Moreover, crude granite imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.3% per year) and Australia (+7.4% per year).

In value terms, India ($X), China ($X) and Australia ($X) constituted the largest crude granite suppliers to New Zealand, together accounting for 96% of total imports. Estonia and Italy lagged somewhat behind, together accounting for a further 2.8%.

Estonia, with a CAGR of +97.7%, saw 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

In 2022, the average crude granite import price amounted to $X per ton, increasing by 148% against the previous year. Overall, the import price posted a strong expansion. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+62.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :