Northern America: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Northern America

In 2021, after three years of growth, there was decline in the North American market for granules, chippings and powder of monumental stone, when its value decreased by -1.7% to $X. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then shrank slightly in the following year.

Production of Granules, Chippings And Powder Of Monumental Stone in Northern America

In value terms, monumental stone granules and powder production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% 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 2013 when the production volume increased by 26%. The level of production peaked at $X in 2020, and then contracted slightly in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Northern America

In 2021, shipments abroad of granules, chippings and powder of monumental stone decreased by -16.9% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 100% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports surged to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 24%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Canada represented the key exporter of granules, chippings and powder of monumental stone in Northern America, with the volume of exports resulting at X tons, which was approx. 60% of total exports in 2021. It was distantly followed by the United States (X tons), creating a 40% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United States (with a CAGR of +5.9%).

In value terms, the United States ($X) remains the largest monumental stone granules and powder supplier in Northern America, comprising 89% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports.

In the United States, monumental stone granules and powder exports increased at an average annual rate of +11.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, jumping by 50% against the previous year. In general, the export price showed a pronounced increase. The pace of growth was the most pronounced in 2020 when the export price increased by 54%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices 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 stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%).

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in Northern America

In 2021, the amount of granules, chippings and powder of monumental stone imported in Northern America skyrocketed to X tons, with an increase of 47% on the previous year's figure. Overall, imports saw a significant increase. The growth pace was the most rapid in 2016 when imports increased by 98% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, monumental stone granules and powder imports declined modestly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 33%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of monumental stone granules and powder imports in 2021 were the United States (X tons), together amounting to 99% of total import.

The United States was also the fastest-growing in terms of the granules, chippings and powder of monumental stone imports, with a CAGR of +23.3% from 2012 to 2021. The United States (+4.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Northern America.

In the United States, monumental stone granules and powder imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -33.3% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2020 when the import price increased by 35% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -18.8% per year.

Source: IndexBox Platform

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