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World - Granite, Sandstone And Other Building Stone - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

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 tons) 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 tons), threefold. The third position in this ranking was occupied by the U.S. (19M tons), 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 tons. 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 tons) 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 tons), threefold. The third position in this ranking was occupied by India (25M tons), 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 tons 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 tons 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 tons) 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 tons), generating a 24% share of total imports. The following importers - Taiwan (569K tons), Italy (522K tons), Maldives (416K tons), France (393K tons), Spain (362K tons), and Germany (239K tons) - 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 ton 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 ton 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 ton), while Maldives ($40 per ton) 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.

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Source: IndexBox Market Intelligence Platform

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 2030.

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)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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