United Kingdom: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in the UK

After five years of growth, the UK market for granules, chippings and powder of monumental stone decreased by -3.1% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. Monumental stone granules and powder consumption peaked at $X in 2020, and then fell in the following year.

Production of Granules, Chippings And Powder Of Monumental Stone in the UK

In value terms, monumental stone granules and powder production reduced to $X in 2021 estimated in export price. Overall, production, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 123% against the previous year. Monumental stone granules and powder production peaked at $X in 2020, and then contracted in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from the UK

In 2021, overseas shipments of granules, chippings and powder of monumental stone decreased by -50.8% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 33%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports fell dramatically to $X in 2021. In general, exports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 41%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for monumental stone granules and powder exports from the UK, accounting for a 89% share of total exports. It was followed by Belgium (X tons), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland amounted to +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+50.3% per year) and the Netherlands (+11.3% per year).

In value terms, Ireland ($X) remains the key foreign market for granules, chippings and powder of monumental stone exports from the UK, comprising 61% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ireland stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+41.4% per year) and the Netherlands (+12.2% per year).

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 22%. 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 external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ireland ($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 the Netherlands (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into the UK

In 2021, the amount of granules, chippings and powder of monumental stone imported into the UK declined slightly to X tons, approximately mirroring the previous year. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 48%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder imports surged to $X in 2021. In general, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Norway (X tons) and Belgium (X tons) were the main suppliers of monumental stone granules and powder imports to the UK, together comprising 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +47.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, France ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to the UK, comprising 74% of total imports. The second position in the ranking was held by Norway ($X), with a 13% share of total imports. It was followed by Belgium, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-20.9% per year) and Belgium (+60.9% per year).

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, rising by 53% against the previous year. In general, the import price saw a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 97%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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