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World - Granite, Sandstone And Other Building Stone - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Aug 21, 2020

While China Still Dominates Global Granite, Sandstone, and Other Building Stone Market, Russia Emerges as the Fastest Growing Consumer

IndexBox has just published a new report: 'World - Granite, Sandstone And Other Building Stone - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global market for granite, sandstone, and other building stone dropped modestly to $71.7B in 2019 (IndexBox estimates), remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, taxes, duties, and margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 6.4% y-o-y. As a result, consumption reached a peak level of $73.1B. From 2018 to 2019, the growth of the global market remained at a somewhat lower figure.

Consumption by Country

China (113M tonnes) remains the largest granite, sandstone, and other building stone consuming country worldwide, accounting for 33% of total volume. Moreover, the consumption of granite, sandstone, and other building stone in China exceeded the figures recorded by the second-largest consumer, Russia (37M tonnes), threefold. The third position in this ranking was occupied by the U.S. (19M tonnes), with a 5.6% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China totaled +1.1%. In other countries, the average annual rates were as follows: Russia (+21.5% per year) and the U.S. (-2.2% per year). The tangible growth in Russia over the last years was largely conditioned by large  infrastructural construction projects and city renovation for the dates of large sport and cultural events (the 2014 Winter Olympic Games and the World Football Championship in 2018, amongst others).

In value terms, China ($9.6B), the U.S. ($6.8B), and Russia ($5B) appeared to be the countries with the highest levels of market value in 2019, with a combined 30% share of the global market.

The countries with the highest levels of granite, sandstone, and other building stone per capita consumption in 2019 were Russia (260 kg per person), Poland (164 kg per person), and Turkey (100 kg per person).

Production

In 2019, after four years of growth, there was a decline in the production of granite, sandstone, and other building stone, when its volume decreased by -0.8% to 347M tonnes. The total output volume increased at an average annual rate of +1.2% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 

Production by Country

China (107M tonnes) remains the largest granite, sandstone, and other building stone producing country worldwide, comprising approx. 31% of the total volume. Moreover, the production of granite, sandstone, and other building stone in China exceeded the figures recorded by the second-largest producer, Russia (37M tonnes), threefold. The third position in this ranking was occupied by India (25M tonnes), with a 7.2% share.

In China, the production of granite, sandstone, and other building stone remained relatively stable over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Russia (+21.7% per year) and India (+2.4% per year).

Imports

After two years of growth, purchases abroad of granite, sandstone, and other building stone decreased by -4.9% to 15M tonnes in 2019. The total import volume increased at an average annual rate of +2.0% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global imports hit record highs at 16M tonnes in 2018 and then dropped modestly in the following year. In value terms, imports of granite, sandstone, and other building stone declined to $2.1B (IndexBox estimates) in 2019. 

Imports by Country

In 2019, China (6.7M tonnes) was the largest importer of granite, sandstone, and other building stone, committing 45% of total imports. It was distantly followed by the UK (3.6M tonnes), generating a 24% share of total imports. The following importers - Taiwan (569K tonnes), Italy (522K tonnes), Maldives (416K tonnes), France (393K tonnes), Spain (362K tonnes), and Germany (239K tonnes) - together made up 17% of total imports.

From 2007 to 2019, the biggest increases were in the Maldives, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.1B) constitutes the largest market for imported granite, sandstone, and other building stone worldwide, comprising 52% of global imports. The second position in the ranking was occupied by the UK ($215M), with a 10% share of global imports. It was followed by Italy, with an 8% share.

In China, imports of granite, sandstone, and other building stone increased at an average annual rate of +4.7% over the period from 2007-2019. In other countries, the average annual rates were as follows: the UK (+3.3% per year) and Italy (-8.9% per year).

Import Prices by Country

The average import price for granite, sandstone, and other building stone stood at $143 per tonne in 2019, with a decrease of -4.2% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2010 when the average import price increased by 8.2% year-to-year. Global import price peaked at $194 per tonne in 2008; however, from 2009 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Italy ($326 per tonne), while Maldives ($40 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 08111233 - Granite, crude or roughly trimmed
• Prodcom 08111236 - Granite merely cut into rectangular (including square) blocks or slabs
• Prodcom 08111250 - Sandstone
• Prodcom 08111290 - Porphyry, basalt, quartzites and other monumental or building stone, crude, roughly trimmed or merely cut (excluding calcareous monumental or building stone of a gravity . 2,5, g ranite and sandstone)

This report provides an in-depth analysis of the global market for granite, sandstone and other building stone. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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