Russian Federation: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in the Russian Federation

The Russian market for granite, sandstone and other building stone shrank rapidly to $X in 2020, which is down by -46.1% 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). Over the period under review, consumption saw a significant curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from the Russian Federation

In 2021, the amount of granite, sandstone and other building stone exported from Russia skyrocketed to X tons, increasing by 234% compared with 2020 figures. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of granite, sandstone and other building stone rose markedly to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +51.7% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 65%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Lithuania (X tons), Belarus (X tons) and Kazakhstan (X tons) were the main destinations of exports of granite, sandstone and other building stone from Russia, together comprising 84% of total exports. These countries were followed by Armenia, Estonia, Ukraine and Azerbaijan, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +102.2%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Belarus ($X) and Kazakhstan ($X) appeared to be the largest markets for granite, sandstone and other building stone exported from Russia worldwide, with a combined 84% share of total exports. These countries were followed by Armenia, Azerbaijan, Ukraine and Estonia, which together accounted for a further 11%.

In terms of the main countries of destination, Armenia, with a CAGR of +42.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, waning by -67.4% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Armenia ($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 Belarus (-10.7%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into the Russian Federation

In 2021, the amount of granite, sandstone and other building stone imported into Russia surged to X tons, growing by 100% on the year before. In general, imports, however, saw a abrupt slump. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Overall, imports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 79%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest granite, sandstone and other building stone supplier to Russia, with a 53% share of total imports. Moreover, imports of granite, sandstone and other building stone from Ukraine exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold. Belarus (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+14.4% per year) and Belarus (+101.5% per year).

In value terms, Ukraine ($X), Kazakhstan ($X) and Finland ($X) were the largest granite, sandstone and other building stone suppliers to Russia, with a combined 67% share of total imports. Belarus, Portugal, Norway, Armenia and Turkey lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Belarus, with a CAGR of +92.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, which is down by -30.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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