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

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

In 2021, the SADC market for granules, chippings and powder of monumental stone was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in SADC

In value terms, monumental stone granules and powder production rose slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in SADC

In 2021, the amount of granules, chippings and powder of monumental stone exported in SADC dropped remarkably to X tons, which is down by -21.2% compared with 2020 figures. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 46%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports fell to $X in 2021. Overall, exports saw a drastic downturn. The smallest decline of -2.3% was in 2017. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons) and South Africa (X tons) dominates exports structure, together constituting 94% of total exports. Tanzania (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of -8.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, South Africa ($X) remains the largest monumental stone granules and powder supplier in SADC, comprising 67% of total exports. The second position in the ranking was held by Namibia ($X), with a 22% share of total exports.

In South Africa, monumental stone granules and powder exports declined by an average annual rate of -14.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (-25.9% per year) and Tanzania (+1.5% per year).

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, rising by 16% against the previous year. Overall, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 38%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+11.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in SADC

For the third year in a row, SADC recorded growth in supplies from abroad of granules, chippings and powder of monumental stone, which increased by 19% to X tons in 2021. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 323% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, monumental stone granules and powder imports soared to $X in 2021. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 927%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Mauritius prevails in imports structure, finishing at X tons, which was approx. 88% of total imports in 2021. It was distantly followed by South Africa (X tons), generating a 6.1% share of total imports. Botswana (X tons) and Tanzania (X tons) held a relatively small share of total imports.

Mauritius was also the fastest-growing in terms of the granules, chippings and powder of monumental stone imports, with a CAGR of +96.8% from 2012 to 2021. At the same time, Botswana (+20.3%) displayed positive paces of growth. By contrast, Tanzania (-7.8%) and South Africa (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mauritius increased by +87 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritius ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in SADC, comprising 95% of total imports. The second position in the ranking was held by South Africa ($X), with a 2.1% share of total imports. It was followed by Tanzania, with a 0.9% share.

In Mauritius, monumental stone granules and powder imports expanded at an average annual rate of +81.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Africa (-11.0% per year) and Tanzania (+2.2% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, rising by 2.1% against the previous year. Overall, the import price showed buoyant growth. The pace of growth was the most pronounced in 2019 an increase of 143% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+10.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform