South Africa: Crude Granite Market 2024

Crude Granite Market Size in South Africa

The South African crude granite market shrank to $X in 2022, declining by -5.2% against the previous year. Over the period under review, consumption recorded a mild downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Granite Production in South Africa

In value terms, crude granite production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 9.8% against the previous year. Crude granite production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Crude Granite Exports

Exports from South Africa

In 2022, crude granite exports from South Africa surged to X tons, jumping by 30% compared with 2021. In general, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crude granite exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 42%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Poland (X tons) and China (X tons) were the main destinations of crude granite exports from South Africa, with a combined 64% share of total exports. Belgium, Croatia, Spain, Taiwan (Chinese), the United States, the Netherlands, India and Germany lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +186.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude granite exported from South Africa were Poland ($X), Italy ($X) and China ($X), with a combined 56% share of total exports. Belgium, Taiwan (Chinese), Croatia, Spain, the United States, India, the Netherlands and Germany lagged somewhat behind, together comprising a further 41%.

Germany, with a CAGR of +197.5%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average crude granite export price stood at $X per ton in 2022, increasing by 5.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into South Africa

In 2022, imports of granite (crude) into South Africa surged to X tons, with an increase of 144% compared with 2021. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude granite imports surged to $X in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Zimbabwe (X tons) was the main supplier of crude granite to South Africa, accounting for a 93% share of total imports. Moreover, crude granite imports from Zimbabwe exceeded the figures recorded by the second-largest supplier, Zambia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Zimbabwe totaled +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (+2,884.8% per year) and Namibia (-3.2% per year).

In value terms, Zimbabwe ($X) constituted the largest supplier of granite (crude) to South Africa, comprising 91% of total imports. The second position in the ranking was taken by Zambia ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Zimbabwe stood at +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (+5,793.2% per year) and Namibia (-14.1% per year).

Import Prices by Country

In 2022, the average crude granite import price amounted to $X per ton, growing by 31% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Zambia ($X per ton), while the price for Namibia ($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 (+96.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :