Which Country Exports the Most Granite in the World?

Other Non-Ferrous Metal Ores May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Exports the Most Granite in the World?

IndexBox has just published a new report "World: Granite, Sandstone And Other Building Stone - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of stone imported worldwide stood at 38M tonnes, declining by -7.0% against the previous year level. Overall, stone imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2011, when import increased by 9% y-o-y. Over the period under review, global stone imports attained its maximum volume of 53M tonnes in 2008- however, from 2009 to 2016, it stood at a somewhat lower level.

In value terms, stone imports amounted to $1.9B in 2016. Overall, stone imports continue to indicate a slight reduction. Over the period under review, global stone imports attained its maximum level of $2.4B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Stone Importing Countries in the World

1. China (888.9 million USD)

2. United Kingdom (188.8 million USD)

3. Italy (178.6 million USD)

4. China, Hong Kong SAR (31.0 million USD)

5. India (18.9 million USD)

6. Singapore (15.3 million USD)

7. Denmark (9.4 million USD)

8. Kuwait (6.0 million USD)

9. United Arab Emirates (5.9 million USD)

10. Norway (3.7 million USD)

11. Brazil (2.0 million USD)

12. Malaysia (1.9 million USD)

Stone Imports By Country

The imports of the five major importers of stone, namely India, China, Kuwait, the UK, and United Arab Emirates, represented more than half of total import. Malaysia (1.5M tonnes), Brazil (1.4M tonnes), Norway (1.4M tonnes), Singapore (939K tonnes), China, Hong Kong SAR (697K tonnes), Denmark (653K tonnes), and Italy (581K tonnes) held the weak share of total imports.

From 2007 to 2016, the most notable growth rate of stone imports, among the main importing countries, was attained by United Arab Emirates (+40.0% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($889M) constitutes the largest market for imported stone worldwide, making up 46% of global imports. The second position in the ranking was occupied by the UK ($189M), with the share of 10% of global imports. It was followed by Italy, with the share of 9%.

In China, stone imports expanded at an average annual rate of +6.3% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: the UK (-0.3% per year) and Italy (-9.9% per year).

Stone Import Prices By Country

The average stone import price stood at $51 per tonne in 2016, declining by -1.9% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +1.7%.The pace of growth was the most pronounced in 2013, when it surged by 13% year-to-year. Global stone import peaked of $58 per tonne in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was Italy ($307 per tonne), while Kuwait ($1 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of stone import prices was attained by India (+13.0% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global stone market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • stone market share
  • stone prices
  • stone industry
  • stone sales
  • stone import
  • stone export
  • stone market forecast
  • stone price forecast
  • key stone producers

All data provided in this article covers the following product: HS Code 2516 - Granite, porphyry, basalt, sandstone, other monumental and building stone, whether or not roughly trimmed, cut, by sawing etc, into blocks or slabs of a rectangular (including square) shape.

Source: World: Granite, Sandstone And Other Building Stone - Market Report. Analysis and Forecast to 2025