South Africa - Granite Building Stone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGranite Building Stone Price in South Africa - 2023
Contents:
- Granite Building Stone Price in South Africa (FOB) - 2023
- Granite Building Stone Price in South Africa (CIF) - 2022
- Granite Building Stone Exports in South Africa
- Granite Building Stone Imports in South Africa
Granite Building Stone Price in South Africa (FOB) - 2023
The average granite building stone export price stood at $478 per ton in July 2023, surging by 4.2% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 34% against the previous month. The export price peaked at $659 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the UK ($2,853 per ton), while the average price for exports to China ($53.0 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Granite Building Stone Price in South Africa (CIF) - 2022
In 2022, the average granite building stone import price amounted to $449 per ton, increasing by 2.2% against the previous year. In general, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the maximum at $810 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Zimbabwe ($861 per ton), while the price for Namibia ($160 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Granite Building Stone Exports in South Africa
Granite building stone exports from South Africa amounted to 61K tons in 2022, picking up by 2.4% on the previous year. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, granite building stone exports expanded modestly to $32M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Granite Building Stone in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.3 | 3.1 | 6.0 | 5.6 | 34.5% |
| United States | 3.7 | 4.0 | 5.4 | 5.0 | 10.6% |
| Belgium | 1.7 | 3.1 | 3.7 | 3.4 | 26.0% |
| Poland | 1.1 | 1.4 | 2.3 | 3.2 | 42.8% |
| Switzerland | N/A | 0.1 | N/A | 2.3 | 379.6% |
| Italy | 1.7 | 1.5 | 2.7 | 1.9 | 3.8% |
| Croatia | 0.5 | 0.9 | 1.7 | 1.6 | 47.4% |
| Botswana | 1.0 | 0.9 | 1.3 | 1.5 | 14.5% |
| Namibia | 1.1 | 0.6 | 0.9 | 0.8 | -10.1% |
| China | 1.8 | 1.5 | 1.1 | 0.6 | -30.7% |
| Taiwan (Chinese) | 1.1 | 0.3 | N/A | N/A | -72.7% |
| Others | 4.8 | 6.5 | 5.5 | 6.0 | 7.7% |
| Total | 20.9 | 24.0 | 30.5 | 31.9 | 15.1% |
Top Export Markets for Granite Building Stone from South Africa in 2022:
- Germany (9.1K tons)
- Belgium (7.8K tons)
- Poland (7.2K tons)
- China (5.5K tons)
- United States (4.8K tons)
- Croatia (4.5K tons)
- Switzerland (4.4K tons)
- Italy (4.3K tons)
- Botswana (3.0K tons)
- Namibia (2.1K tons)
Granite Building Stone Imports in South Africa
In 2022, approx. 11K tons of granite building stone were imported into South Africa; waning by -7.6% against the previous year. Over the period under review, imports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 1.1%.
In value terms, granite building stone imports dropped to $5M in 2022. In general, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year.
| Import of Granite Building Stone in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,762 | 3,240 | 3,691 | 3,650 | -1.0% |
| India | 801 | 472 | 892 | 554 | -11.6% |
| Zimbabwe | 331 | 198 | 194 | 291 | -4.2% |
| Portugal | N/A | N/A | N/A | 193 | 0% |
| Brazil | 152 | 108 | 142 | 112 | -9.7% |
| Namibia | 189 | 73.5 | 110 | 70.9 | -27.9% |
| Others | 174 | 226 | 297 | 160 | -2.8% |
| Total | 5,410 | 4,318 | 5,327 | 5,030 | -2.4% |
Top Suppliers of Granite Building Stone to South Africa in 2022:
- China (8.6K tons)
- India (0.9K tons)
- Portugal (0.5K tons)
- Namibia (0.4K tons)
- Zimbabwe (0.3K tons)
- Brazil (0.2K tons)
This report provides an in-depth analysis of the granite building stone market in South Africa. 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 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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February 2023 saw a decrease in the cost of granite building stone, with the price per ton dropping to $550 FOB (Free on Board) in South Africa, a decrease of -16.6% compared to the previous month.
282
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
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Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
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February 2023 saw a decrease in the cost of granite building stone, with the price per ton dropping to $550 FOB (Free on Board) in South Africa, a decrease of -16.6% compared to the previous month.
282
Explore the top import markets for granite building stone, including the United States, South Korea, Japan, and more. Learn about the demand and use of granite in construction projects worldwide.
817
Over the past decade, the share of Indian supplies in the global exports value rose from 15% to 16%, while China's one soared from 50% to 59%.
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