Ukraine: Granite Building Stone Market 2024

Granite Building Stone Market Size in Ukraine

In 2021, the Ukrainian granite building stone market increased by 11% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, faced a abrupt curtailment. Granite building stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Granite Building Stone Production in Ukraine

In value terms, granite building stone production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 12%. Granite building stone production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Granite Building Stone Exports

Exports from Ukraine

In 2021, shipments abroad of granite building stone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 22%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, granite building stone exports amounted to $X in 2021. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Uzbekistan (X tons) and Tajikistan (X tons) were the main destinations of granite building stone exports from Ukraine, with a combined 56% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Tajikistan (with a CAGR of +344.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Belarus ($X) constituted the largest markets for granite building stone exported from Ukraine worldwide, with a combined 53% share of total exports. Tajikistan, Lithuania, Poland, Moldova and Azerbaijan lagged somewhat behind, together accounting for a further 28%.

Tajikistan, with a CAGR of +323.6%, recorded the highest growth rate of the value of exports, among 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 granite building stone export price stood at $X per ton in 2021, declining by -3% against the previous year. Overall, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 5.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Azerbaijan ($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 Poland (-0.0%), while the prices for the other major destinations experienced a decline.

Granite Building Stone Imports

Imports into Ukraine

After two years of decline, overseas purchases of granite building stone increased by 44% to X tons in 2021. Overall, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 286% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, granite building stone imports soared to $X in 2021. In general, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 119% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Italy (X tons) and China (X tons) were the main suppliers of granite building stone imports to Ukraine, with a combined 77% share of total imports. Brazil, Spain, Portugal and Poland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +6.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Italy ($X) and Brazil ($X) appeared to be the largest granite building stone suppliers to Ukraine, with a combined 78% share of total imports.

Brazil, with a CAGR of +9.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, granite building stone import price increased by +128.9% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 117%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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