South Africa: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in South Africa

The South African natural stone sett market fell modestly to $X in 2022, which is down by -2.2% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.6% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Natural Stone Sett Production in South Africa

In value terms, natural stone sett production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Natural Stone Sett Exports

Exports from South Africa

In 2022, approx. X tons of natural stone setts, kerbstones and flagstones were exported from South Africa; with an increase of 21% on the previous year. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 434%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, natural stone sett exports surged to $X in 2022. Over the period under review, exports posted a tangible increase. The pace of growth appeared the most rapid in 2017 when exports increased by 213%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for natural stone sett exports from South Africa, with a 37% share of total exports. Moreover, natural stone sett exports to China exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. Botswana (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-2.0% per year) and Botswana (+49.8% per year).

In value terms, China ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from South Africa, comprising 48% of total exports. The second position in the ranking was held by Botswana ($X), with a 19% share of total exports. It was followed by the United States, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+42.6% per year) and the United States (+25.3% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, with an increase of 20% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 213%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Zimbabwe ($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 Malawi (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into South Africa

For the fourth consecutive year, South Africa recorded growth in purchases abroad of natural stone setts, kerbstones and flagstones, which increased by 5.2% to X tons in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 4,506%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, natural stone sett imports stood at $X in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 4,228% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) was the main supplier of natural stone sett to South Africa, accounting for a 98% share of total imports. It was followed by Portugal (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +156.7%.

In value terms, China ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to South Africa, comprising 99% of total imports. The second position in the ranking was taken by Portugal ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +161.8%.

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, falling by -4.3% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 91%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Portugal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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