SADC: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in SADC

The SADC natural stone sett market reduced to $X in 2022, waning by -11.7% against the previous year. In general, consumption, however, showed a noticeable curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Natural Stone Sett Production in SADC

In value terms, natural stone sett production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 121%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Natural Stone Sett Exports

Exports in SADC

In 2022, natural stone sett exports in SADC surged to X tons, rising by 16% compared with 2021. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 387% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, natural stone sett exports amounted to $X in 2022. Over the period under review, exports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 190% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Angola (X tons) represented the key exporter of natural stone setts, kerbstones and flagstones, constituting 66% of total exports. It was distantly followed by Zambia (X tons) and South Africa (X tons), together comprising a 26% share of total exports. Democratic Republic of the Congo (X tons) and Mozambique (X tons) took a minor share of total exports.

Angola was also the fastest-growing in terms of the natural stone setts, kerbstones and flagstones exports, with a CAGR of +67.4% from 2012 to 2022. At the same time, Democratic Republic of the Congo (+60.5%), Zambia (+12.0%) and South Africa (+6.7%) displayed positive paces of growth. By contrast, Mozambique (-5.9%) illustrated a downward trend over the same period. Angola (+65 p.p.), Zambia (+4.2 p.p.), Democratic Republic of the Congo (+3.3 p.p.) and Mozambique (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -1.8% from 2012 to 2022, respectively.

In value terms, the largest natural stone sett supplying countries in SADC were South Africa ($X), Angola ($X) and Zambia ($X), with a combined 87% share of total exports. Democratic Republic of the Congo and Mozambique lagged somewhat behind, together accounting for a further 7%.

In terms of the main exporting countries, Democratic Republic of the Congo, with a CAGR of +54.4%, recorded 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 2022, the export price in SADC amounted to $X per ton, dropping by -12.4% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when the export price increased by 85% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+7.5%), while the other leaders experienced a decline in the export price figures.

Natural Stone Sett Imports

Imports in SADC

In 2022, natural stone sett imports in SADC stood at X tons, stabilizing at 2021 figures. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 173% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, natural stone sett imports totaled $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 288% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

South Africa dominates imports structure, finishing at X tons, which was near 84% of total imports in 2022. It was distantly followed by Lesotho (X tons), constituting a 4.7% share of total imports. The following importers - Angola (X tons), Madagascar (X tons) and Mauritius (X tons) - each recorded a 6.8% share of total imports.

South Africa was also the fastest-growing in terms of the natural stone setts, kerbstones and flagstones imports, with a CAGR of +39.8% from 2012 to 2022. At the same time, Lesotho (+13.8%) and Madagascar (+9.6%) displayed positive paces of growth. By contrast, Angola (-11.9%) and Mauritius (-13.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and Mauritius increased by +72 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported natural stone setts, kerbstones and flagstones in SADC, comprising 91% of total imports. The second position in the ranking was held by Madagascar ($X), with a 3.2% share of total imports. It was followed by Angola, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled +47.4%. The remaining importing countries recorded the following average annual rates of imports growth: Madagascar (+15.5% per year) and Angola (-10.3% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, approximately equating the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural stone sett import price increased by +103.4% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 51%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Madagascar ($X per ton), while Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform