Ukraine: Granite Block Market 2024

Granite Block Market Size in Ukraine

The Ukrainian granite block market rose markedly to $X in 2022, picking up by 11% against the previous year. In general, consumption showed a deep slump. Granite block consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Granite Block Production in Ukraine

In value terms, granite block production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when the production volume increased by 26% against the previous year. Granite block production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Granite Block Exports

Exports from Ukraine

In 2022, after four years of decline, there was significant growth in shipments abroad of granite blocks and slabs, when their volume increased by 62% to X tons. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 125% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, granite block exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 95% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for granite block exports from Ukraine, accounting for a 67% share of total exports. Moreover, granite block exports to China exceeded the volume sent to the second major destination, Poland (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+1.3% per year) and India (-17.5% per year).

In value terms, China ($X) remains the key foreign market for granite blocks and slabs exports from Ukraine, comprising 66% of total exports. The second position in the ranking was taken by Poland ($X), with a 10% share of total exports.

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: Poland (-9.2% per year) and India (-24.9% per year).

Export Prices by Country

The average granite block export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Poland ($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 China (-7.6%), while the prices for the other major destinations experienced a decline.

Granite Block Imports

Imports into Ukraine

Granite block imports into Ukraine reduced notably to X tons in 2022, shrinking by -19.2% on the previous year's figure. Over the period under review, imports faced a abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by 830%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, granite block imports fell notably to $X in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 534% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) was the main granite block supplier to Ukraine, with a 94% share of total imports. Moreover, granite block imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +11.5%.

In value terms, India ($X) constituted the largest supplier of granite blocks and slabs to Ukraine, comprising 83% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +19.7%.

Import Prices by Country

The average granite block import price stood at $X per ton in 2022, waning by -16.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 48%. The import price peaked 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 Italy ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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