United Kingdom: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in the UK

In 2021, the UK calcareous building stone market was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Calcareous Building Stone Production in the UK

In value terms, calcareous building stone production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Calcareous Building Stone Exports

Exports from the UK

In 2021, the amount of calcareous building stone exported from the UK rose notably to X tons, increasing by 10% against 2020 figures. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,596%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, calcareous building stone exports declined dramatically to $X in 2021. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 387%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for calcareous building stone exports from the UK, accounting for a 67% share of total exports. Moreover, calcareous building stone exports to Ireland exceeded the volume sent to the second major destination, Portugal (X tons), fourfold. Spain (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland stood at +85.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+144.3% per year) and Spain (+1,281.4% per year).

In value terms, Ireland ($X) remains the key foreign market for calcareous building stone exports from the UK, comprising 59% of total exports. The second position in the ranking was taken by Spain ($X), with a 19% share of total exports. It was followed by Belgium, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Ireland totaled +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+1,199.0% per year) and Belgium (+82.0% per year).

Export Prices by Country

In 2021, the average calcareous building stone export price amounted to $X per ton, which is down by -24.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 624% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Portugal ($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 Kuwait (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Calcareous Building Stone Imports

Imports into the UK

In 2021, imports of calcareous building stone into the UK skyrocketed to X tons, increasing by 71% on the previous year's figure. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 118% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, calcareous building stone imports surged to $X in 2021. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 105%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the main supplier of calcareous building stone to the UK, accounting for a 96% share of total imports. It was followed by China (X tons), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +42.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.1% per year) and Portugal (-0.6% per year).

In value terms, India ($X) constituted the largest supplier of calcareous building stone to the UK, comprising 90% of total imports. The second position in the ranking was held by China ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.9% per year) and Portugal (+1.1% per year).

Import Prices by Country

In 2021, the average calcareous building stone import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :