Price for Monumental or Building Stone, Other than Granite and Sandstone in the United States - 2023

Contents:

  1. Price for Monumental or Building Stone, Other than Granite and Sandstone in the United States (FOB) - 2023
  2. Price for Monumental or Building Stone, Other than Granite and Sandstone in the United States (CIF) - 2023
  3. Exports of Monumental or Building Stone, Other than Granite and Sandstone in the United States
  4. Imports of Monumental or Building Stone, Other than Granite and Sandstone in the United States

Price for Monumental or Building Stone, Other than Granite and Sandstone in the United States (FOB) - 2023

In December 2023, the average export price for monumental or building stone, other than granite and sandstone amounted to $436 per ton, rising by 8.4% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 28% against the previous month. The export price peaked at $479 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($443 per ton), while the average price for exports to Mexico amounted to $287 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.0%), while the prices for the other major destinations experienced a decline.

Price for Monumental or Building Stone, Other than Granite and Sandstone in the United States (CIF) - 2023

In December 2023, the average import price for monumental or building stone, other than granite and sandstone amounted to $476 per ton, with an increase of 54% against the previous month. Overall, the import price enjoyed mild growth. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 91% against the previous month. As a result, import price attained the peak level of $761 per ton. From July 2023 to December 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was India ($782 per ton), while the price for Turkey ($223 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Monumental or Building Stone, Other than Granite and Sandstone in the United States

In 2022, the amount of monumental or building stone, other than granite and sandstone exported from the United States totaled 18K tons, approximately mirroring the previous year's figure. Overall, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 12%.

In value terms, exports of monumental or building stone, other than granite and sandstone surged to $7M in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Monumental or Building Stone, Other than Granite and Sandstone in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada4.83.74.25.54.6%
Italy0.50.30.30.4-7.2%
Mexico0.20.30.20.20.0%
China0.4N/A0.1N/A-50.0%
Others0.90.81.00.90.0%
Total6.85.15.87.01.0%

Top Export Markets for Monumental or Building Stone, Other than Granite and Sandstone from the United States in 2022:

  1. Canada (15.8K tons)
  2. Italy (0.6K tons)
  3. Mexico (0.6K tons)

Imports of Monumental or Building Stone, Other than Granite and Sandstone in the United States

In 2022, overseas purchases of monumental or building stone, other than granite and sandstone were finally on the rise to reach 18K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a dramatic setback.

In value terms, imports of monumental or building stone, other than granite and sandstone rose sharply to $7M in 2022. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 19%.

Import of Monumental or Building Stone, Other than Granite and Sandstone in the United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada1,0481,0111,5361,97123.4%
South Africa1,2211,3421,3281,5468.2%
India3,4262,2381,8121,423-25.4%
Italy92.713911960486.8%
China518225384406-7.8%
Turkey47.719.248.725975.8%
United Kingdom473260340188-26.5%
Mexico1,23857.662.6186-46.8%
Norway21439.459277.6-28.7%
Others37280.0216304-6.5%
Total8,6515,4126,4376,965-7.0%

Top Suppliers of Monumental or Building Stone, Other than Granite and Sandstone to the United States in 2022:

  1. India (5.2K tons)
  2. South Africa (4.7K tons)
  3. Canada (4.1K tons)
  4. China (1.1K tons)
  5. Italy (0.7K tons)
  6. Mexico (0.7K tons)
  7. Turkey (0.4K tons)
  8. United Kingdom (0.3K tons)
  9. Norway (0.2K tons)

Source: IndexBox Market Intelligence Platform

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