South Africa: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in South Africa

The South African calcareous building stone market fell to $X in 2021, dropping by -1.9% against the previous year. Overall, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calcareous Building Stone Production in South Africa

In value terms, calcareous building stone production declined to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Calcareous Building Stone Exports

Exports from South Africa

In 2021, shipments abroad of calcareous building stone was finally on the rise to reach X tons after four years of decline. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcareous building stone exports surged to $X in 2021. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 84%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Botswana (X tons) and Lesotho (X tons) were the main destinations of calcareous building stone exports from South Africa, together comprising 96% of total exports. These countries were followed by Swaziland and Democratic Republic of the Congo, which together accounted for a further 3.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +95.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calcareous building stone exported from South Africa were Lesotho ($X), Namibia ($X) and Botswana ($X), together accounting for 78% of total exports. Democratic Republic of the Congo and Swaziland lagged somewhat behind, together accounting for a further 21%.

Democratic Republic of the Congo, with a CAGR of +194.6%, saw the highest growth rate of the value of exports, among the main countries of destination 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 calcareous building stone export price amounted to $X per ton, dropping by -64.9% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 118%. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Botswana ($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 Democratic Republic of the Congo (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Calcareous Building Stone Imports

Imports into South Africa

In 2021, overseas purchases of calcareous building stone were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted a notable expansion. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, calcareous building stone imports declined remarkably to $X in 2021. In general, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by 174%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Namibia (X tons) constituted the largest calcareous building stone supplier to South Africa, with a 46% share of total imports. Moreover, calcareous building stone imports from Namibia exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Namibia stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-13.5% per year) and India (+39.1% per year).

In value terms, India ($X), Namibia ($X) and China ($X) constituted the largest calcareous building stone suppliers to South Africa, together comprising 74% of total imports.

India, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average calcareous building stone import price stood at $X per ton in 2021, dropping by -90.8% against the previous year. Over the period under review, the import price saw a deep slump. The pace of growth appeared the most rapid in 2019 an increase of 314%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (+4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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