Ukraine: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Ukraine

The Ukrainian market for granite, sandstone and other building stone amounted to less than $X in 2021, leveling off at the previous year. Over the period under review, consumption saw a relatively flat trend pattern.

Production of Granite, Sandstone And Other Building Stone in Ukraine

In value terms, production of granite, sandstone and other building stone skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Ukraine

In 2021, after two years of decline, there was growth in overseas shipments of granite, sandstone and other building stone, when their volume increased by 2.8% to X tons. Over the period under review, exports, however, saw a mild slump. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone reached $X in 2021. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 11%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for exports of granite, sandstone and other building stone from Ukraine, accounting for a 56% share of total exports. Moreover, exports of granite, sandstone and other building stone to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. China (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+22.2% per year) and China (+6.2% per year).

In value terms, Russia ($X) emerged as the key foreign market for granite, sandstone and other building stone exports from Ukraine, comprising 40% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Uzbekistan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+2.2% per year) and Uzbekistan (+8.7% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, waning by -2.5% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 5.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Georgia ($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 Pakistan (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Ukraine

For the fifth consecutive year, Ukraine recorded growth in purchases abroad of granite, sandstone and other building stone, which increased by 91% to X tons in 2021. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 100%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Over the period under review, imports posted a modest increase. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Poland (X tons), Russia (X tons) and Bulgaria (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Ukraine, with a combined 84% share of total imports. These countries were followed by India, Greece, Turkey, China and France, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were in Greece (with a CAGR of +167.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone suppliers to Ukraine were India ($X), Russia ($X) and Poland ($X), with a combined 71% share of total imports. These countries were followed by Bulgaria, China, Greece, Turkey and France, which together accounted for a further 38%.

Among the main suppliers, Greece, with a CAGR of +108.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, shrinking by -26.8% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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