SADC: Marble Building Stone Market 2024

Marble Building Stone Market Size in SADC

In 2021, the SADC marble building stone market decreased by -20.5% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a pronounced decrease. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Marble Building Stone Production in SADC

In value terms, marble building stone production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 40%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Marble Building Stone Exports

Exports in SADC

In 2021, overseas shipments of marble building stone increased by 64% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 153% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, marble building stone exports soared to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +33.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 95% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Zambia (X tons) was the key exporter of marble building stone, mixing up 50% of total exports. Namibia (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Tanzania (13%) and South Africa (4.9%). The following exporters - Mauritius (X tons) and Zimbabwe (X tons) - each amounted to a 4% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Zambia (with a CAGR of +125.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest marble building stone supplying countries in SADC were Namibia ($X), Zambia ($X) and South Africa ($X), together comprising 73% of total exports.

In terms of the main exporting countries, Zambia, with a CAGR of +88.0%, 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 export price in SADC amounted to $X per ton, dropping by -23.1% against the previous year. Over the period under review, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by 52%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+5.8%), while the other leaders experienced more modest paces of growth.

Marble Building Stone Imports

Imports in SADC

In 2021, overseas purchases of marble building stone decreased by -28.7% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 64% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, marble building stone imports contracted notably to $X in 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 112% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the major importer of marble building stone in SADC, with the volume of imports resulting at X tons, which was near 35% of total imports in 2021. Angola (X tons) ranks second in terms of the total imports with an 18% share, followed by Democratic Republic of the Congo (15%), Tanzania (13%) and Mozambique (10%). Namibia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Namibia (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), South Africa ($X) and Angola ($X) were the countries with the highest levels of imports in 2021, with a combined 70% share of total imports. These countries were followed by Mozambique, Tanzania and Namibia, which together accounted for a further 20%.

In terms of the main importing countries, Namibia, with a CAGR of +18.0%, 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

In 2021, the import price in SADC amounted to $X per ton, falling by -17.1% against the previous year. Import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the import price increased by 29% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2020, and then dropped notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mozambique (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform