Overview of the Global Market for Granite, Sandstone And Other Building Stone

Market Size for Granite, Sandstone And Other Building Stone

The global market for granite, sandstone and other building stone surged to $X in 2021, increasing by 39% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Granite, Sandstone And Other Building Stone

In value terms, production of granite, sandstone and other building stone shrank slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, global production of growth remained at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports

In 2021, overseas shipments of granite, sandstone and other building stone increased by 75% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the global exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India represented the key exporter of granite, sandstone and other building stone in the world, with the volume of exports finishing at X tons, which was near 59% of total exports in 2021. It was distantly followed by China (X tons), creating a 16% share of total exports. The following exporters - Brazil (X tons), Portugal (X tons), Spain (X tons), Norway (X tons) and South Africa (X tons) - together made up 12% of total exports.

India was also the fastest-growing in terms of the granite, sandstone and other building stone exports, with a CAGR of +12.7% from 2012 to 2021. At the same time, China (+8.5%) and Spain (+4.6%) displayed positive paces of growth. Portugal and Norway experienced a relatively flat trend pattern. By contrast, South Africa (-1.9%) and Brazil (-4.1%) illustrated a downward trend over the same period. While the share of India (+23 p.p.) and China (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Africa (-1.7 p.p.), Portugal (-1.8 p.p.) and Brazil (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest granite, sandstone and other building stone supplier worldwide, comprising 46% of global exports. The second position in the ranking was taken by China ($X), with a 10% share of global exports. It was followed by Brazil, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in India totaled +1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+15.9% per year) and Brazil (-6.1% per year).

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, reducing by -29.8% against the previous year. In general, the export price saw a abrupt slump. The growth pace was the most rapid in 2013 when the average export price increased by 6.1% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per ton), while China ($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 (+6.7%), while the other global leaders experienced a decline in the export price figures.

Imports of Granite, Sandstone And Other Building Stone

Imports

In 2021, global imports of granite, sandstone and other building stone surged to X tons, jumping by 42% on 2020 figures. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of granite, sandstone and other building stone soared to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the main importer of granite, sandstone and other building stone in the world, with the volume of imports accounting for X tons, which was approx. 45% of total imports in 2021. The UK (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (5.5%). The Netherlands (X tons), Italy (X tons), Spain (X tons), Taiwan (Chinese) (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +25.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported granite, sandstone and other building stone worldwide, comprising 53% of global imports. The second position in the ranking was held by the UK ($X), with a 15% share of global imports. It was followed by Italy, with a 5.5% share.

In China, imports of granite, sandstone and other building stone increased at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the UK (+15.4% per year) and Italy (-2.7% per year).

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, growing by 11% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for granite, sandstone and other building stone decreased by -2.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 69%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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