U.S.: Market for Cut Stone And Stone Products 2024

Market Size for Cut Stone And Stone Products in the U.S.

In 2022, after two years of growth, there was decline in the U.S. market for cut stone and stone products, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the market value increased by X%. As a result, consumption reached the peak level of $X, leveling off in the following year.

Production of Cut Stone And Stone Products in the U.S.

In value terms, cut stone and stone product production contracted to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021, and then contracted in the following year.

Exports of Cut Stone And Stone Products

Exports from the U.S.

For the third consecutive year, the United States recorded growth in overseas shipments of cut stone and stone products, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, cut stone and stone product exports expanded markedly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for cut stone and stone product exports from the United States, with a X% share of total exports. Moreover, cut stone and stone product exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2013 to 2022, the average annual growth rate of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Bahamas (X% per year).

In value terms, Canada ($X) remains the key foreign market for cut stone and stone products exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Bahamas (X% per year).

Export Prices by Country

The average export price for cut stone and stone products stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a mild shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahamas (X%), while the prices for the other major destinations experienced a decline.

Imports of Cut Stone And Stone Products

Imports into the U.S.

In 2022, purchases abroad of cut stone and stone products increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a resilient increase from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cut stone and stone product imports expanded slightly to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

India (X tons), Turkey (X tons) and Brazil (X tons) were the main suppliers of cut stone and stone product imports to the United States, together comprising X% of total imports. China, Spain, Vietnam, Italy and Mexico lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cut stone and stone product suppliers to the United States were India ($X), Brazil ($X) and Italy ($X), together accounting for X% of total imports. Turkey, China, Spain, Vietnam and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average import price for cut stone and stone products amounted to $X per ton, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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