South Africa: Sandstone Market 2024

Sandstone Market Size in South Africa

The South African sandstone market shrank rapidly to $X in 2022, with a decrease of -21.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Sandstone consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sandstone Exports

Exports from South Africa

In 2022, exports of sandstone from South Africa soared to X tons, with an increase of 128% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a perceptible setback. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sandstone exports soared to $X in 2022. Overall, exports, however, saw a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for sandstone exports from South Africa, with a 68% share of total exports. Moreover, sandstone exports to Nigeria exceeded the volume sent to the second major destination, Botswana (X tons), fivefold. The third position in this ranking was held by Lesotho (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria stood at +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+1.3% per year) and Lesotho (-20.3% per year).

In value terms, Nigeria ($X) emerged as the key foreign market for sandstone exports from South Africa, comprising 82% of total exports. The second position in the ranking was held by Lesotho ($X), with an 8% share of total exports. It was followed by Malawi, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria stood at +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (-27.8% per year) and Malawi (+9.8% per year).

Export Prices by Country

The average sandstone export price stood at $X per ton in 2022, with an increase of 77% against the previous year. In general, the export price, however, showed a deep contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Zambia ($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 Nigeria (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Sandstone Imports

Imports into South Africa

Sandstone imports into South Africa shrank dramatically to X tons in 2022, waning by -25.1% compared with the previous year's figure. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -45.1% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 58%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sandstone imports reduced notably to $X in 2022. Overall, imports showed a noticeable descent. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Lesotho (X tons) constituted the largest sandstone supplier to South Africa, with a 86% share of total imports. Moreover, sandstone imports from Lesotho exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Lesotho totaled +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.4% per year) and Namibia (-1.1% per year).

In value terms, Lesotho ($X) constituted the largest supplier of sandstone to South Africa, comprising 78% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Lesotho stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+4.0% per year) and Namibia (+4.3% per year).

Import Prices by Country

In 2022, the average sandstone import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2017 an increase of 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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