Ukraine: Crude Granite Market 2024

Crude Granite Market Size in Ukraine

The Ukrainian crude granite market rose modestly to $X in 2022, increasing by 1.5% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.3% against 2020 indices. Crude granite consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Crude Granite Production in Ukraine

In value terms, crude granite production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 26%. Crude granite production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Granite Exports

Exports from Ukraine

In 2022, exports of granite (crude) from Ukraine fell sharply to X tons, waning by -67.9% against the previous year. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 92% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude granite exports fell markedly to $X in 2022. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 70%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for crude granite exports from Ukraine, accounting for a 57% share of total exports. Moreover, crude granite exports to Poland exceeded the volume sent to the second major destination, Armenia (X tons), sixfold. Georgia (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+6.9% per year) and Georgia (+5.2% per year).

In value terms, Poland ($X) emerged as the key foreign market for granite (crude) exports from Ukraine, comprising 63% of total exports. The second position in the ranking was held by Armenia ($X), with an 11% share of total exports. It was followed by Pakistan, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+2.4% per year) and Pakistan (+54.8% per year).

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, jumping by 46% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Uzbekistan ($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 (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into Ukraine

In 2022, after ten years of growth, there was decline in supplies from abroad of granite (crude), when their volume decreased by -2.4% to X tons. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 236%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, crude granite imports shrank modestly to $X in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 125%. As a result, imports reached the peak of $X, and then dropped slightly in the following year.

Imports by Country

Poland (X tons), Russia (X tons) and Turkey (X tons) were the main suppliers of crude granite imports to Ukraine.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +64.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Poland ($X) and Russia ($X) constituted the largest crude granite suppliers to Ukraine.

Among the main suppliers, Turkey, with a CAGR of +49.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average crude granite import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price recorded a deep reduction. The import price peaked at $X per ton in 2012; however, from 2013 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 Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :