Northern America: Granite Building Stone Market 2024

Granite Building Stone Market Size in Northern America

The North American granite building stone market dropped to $X in 2021, with a decrease of -7.6% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Granite Building Stone Production in Northern America

In value terms, granite building stone production dropped sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2015 with an increase of 182% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped markedly in the following year.

Granite Building Stone Exports

Exports in Northern America

In 2021, shipments abroad of granite building stone decreased by -13% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2015 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, granite building stone exports expanded modestly to $X in 2021. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2015 when exports increased by 14% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada represented the main exporter of granite building stone in Northern America, with the volume of exports accounting for X tons, which was near 83% of total exports in 2021. It was distantly followed by the United States (X tons), achieving a 17% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of granite building stone. The United States (-14.4%) illustrated a downward trend over the same period. Canada (+30 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -29.5% from 2012 to 2021, respectively.

In value terms, Canada ($X) remains the largest granite building stone supplier in Northern America, comprising 80% of total exports. The second position in the ranking was held by the United States ($X), with a 20% share of total exports.

In Canada, granite building stone exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 19% against the previous year. Overall, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2020 an increase of 59% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.1%).

Granite Building Stone Imports

Imports in Northern America

In 2021, supplies from abroad of granite building stone increased by 8.1% to X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 25%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, granite building stone imports rose markedly to $X in 2021. Over the period under review, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, recording X tons, which was approx. 93% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 7.4% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of granite building stone. Canada (-11.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +13 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported granite building stone in Northern America, comprising 95% of total imports. The second position in the ranking was taken by Canada ($X), with a 5.2% share of total imports.

In the United States, granite building stone imports declined by an average annual rate of -3.5% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, picking up by 5.2% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 13%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.8%).

Source: IndexBox Platform

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