SADC: Granite Block Market 2024

Granite Block Market Size in SADC

The SADC granite block market shrank modestly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Granite Block Production in SADC

In value terms, granite block production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Granite Block Exports

Exports in SADC

In 2022, the amount of granite blocks and slabs exported in SADC soared to X tons, increasing by 114% against the previous year's figure. Over the period under review, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, granite block exports surged to $X in 2022. In general, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Angola was the largest exporter of granite blocks and slabs in SADC, with the volume of exports finishing at X tons, which was near 64% of total exports in 2022. It was distantly followed by Zimbabwe (X tons) and Namibia (X tons), together constituting a 30% share of total exports. South Africa (X tons) took a little share of total exports.

Angola was also the fastest-growing in terms of the granite blocks and slabs exports, with a CAGR of +46.3% from 2012 to 2022. At the same time, Zimbabwe (+3.9%) and Namibia (+1.4%) displayed positive paces of growth. South Africa experienced a relatively flat trend pattern. From 2012 to 2022, the share of Angola increased by +58 percentage points.

In value terms, Angola ($X) emerged as the largest granite block supplier in SADC, comprising 60% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 24% share of total exports. It was followed by South Africa, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value in Angola amounted to +35.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Zimbabwe (+2.3% per year) and South Africa (-2.2% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, falling by -2% against the previous year. Overall, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 7.6%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Africa ($X per ton) and Namibia ($X per ton), while Angola ($X per ton) and Zimbabwe ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (-1.6%), while the other leaders experienced a decline in the export price figures.

Granite Block Imports

Imports in SADC

In 2022, the amount of granite blocks and slabs imported in SADC surged to X tons, growing by 64% compared with 2021. In general, imports recorded a mild increase. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, granite block imports stood at $X in 2022. Over the period under review, imports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 67%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. 76% of total imports in 2022. It was distantly followed by Zambia (X tons) and Botswana (X tons), together creating a 15% share of total imports. Democratic Republic of the Congo (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to granite block imports into South Africa stood at +3.5%. At the same time, Democratic Republic of the Congo (+35.7%), Botswana (+18.9%) and Zambia (+1.2%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +35.7% from 2012-2022. By contrast, Angola (-14.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Botswana and Democratic Republic of the Congo increased by +12, +4.4 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported granite blocks and slabs in SADC, comprising 50% of total imports. The second position in the ranking was taken by Botswana ($X), with a 22% share of total imports. It was followed by Zambia, with a 6.2% share.

In South Africa, granite block imports decreased by an average annual rate of -2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Botswana (+21.7% per year) and Zambia (-10.2% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, declining by -30.2% against the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Botswana ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Botswana (+2.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform