South Africa: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in South Africa

The South African market for granite, sandstone and other building stone was estimated at less than $X in 2021, approximately reflecting the previous year. In general, consumption continues to indicate a relatively flat trend pattern.

Production of Granite, Sandstone And Other Building Stone in South Africa

In value terms, production of granite, sandstone and other building stone rose notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 with an increase of 57%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from South Africa

Exports of granite, sandstone and other building stone from South Africa expanded markedly to X tons in 2021, growing by 9% on 2020 figures. In general, exports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2014 when exports increased by 45% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone amounted to $X in 2021. Overall, exports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 with an increase of 55% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Italy (X tons), China (X tons) and Poland (X tons) were the main destinations of exports of granite, sandstone and other building stone from South Africa, with a combined 66% share of total exports. These countries were followed by Croatia, Belgium, Spain, India and Taiwan (Chinese), which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +7.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite, sandstone and other building stone exported from South Africa were Italy ($X), Poland ($X) and China ($X), together accounting for 60% of total exports. Belgium, Croatia, Spain, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, India, with a CAGR of +3.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, waning by -4.6% against the previous year. Overall, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 9.4%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into South Africa

In 2021, the amount of granite, sandstone and other building stone imported into South Africa shrank slightly to X tons, reducing by -2% compared with 2020. Overall, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone rose slightly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 43%. Over the period under review, imports of attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Lesotho (X tons), Zimbabwe (X tons) and Namibia (X tons) were the main suppliers of imports of granite, sandstone and other building stone to South Africa, with a combined 99% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zimbabwe (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone suppliers to South Africa were Zimbabwe ($X), Lesotho ($X) and Namibia ($X), with a combined 91% share of total imports.

Zimbabwe, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, with an increase of 5.3% against the previous year. In general, the import price, however, showed a abrupt curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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