Africa: Sandstone Market 2024

Sandstone Market Size in Africa

The African sandstone market rose slightly to $X in 2022, surging by 4.9% against the previous year. In general, consumption, however, faced a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sandstone Production in Africa

In value terms, sandstone production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sandstone Exports

Exports in Africa

Sandstone exports stood at X tons in 2022, growing by 3.5% compared with the year before. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.9% against 2018 indices. The pace of growth was the most pronounced in 2013 when exports increased by 81% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sandstone exports totaled $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 19% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Lesotho was the largest exporter of sandstone in Africa, with the volume of exports amounting to X tons, which was approx. 62% of total exports in 2022. It was distantly followed by Ghana (X tons) and Senegal (X tons), together creating a 30% share of total exports. Egypt (X tons) followed a long way behind the leaders.

Exports from Lesotho increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, Ghana (+79.9%) and Egypt (+28.0%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Africa, with a CAGR of +79.9% from 2012-2022. By contrast, Senegal (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Senegal and Egypt increased by +20, +11 and +2.3 percentage points, respectively.

In value terms, Lesotho ($X) remains the largest sandstone supplier in Africa, comprising 57% of total exports. The second position in the ranking was held by Ghana ($X), with a 15% share of total exports. It was followed by Egypt, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Lesotho stood at -1.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+57.5% per year) and Egypt (+30.9% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.3%), while the other leaders experienced a decline in the export price figures.

Sandstone Imports

Imports in Africa

Sandstone imports shrank sharply to X tons in 2022, waning by -19.7% compared with 2021 figures. Total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.8% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, sandstone imports reduced to $X in 2022. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when imports increased by 22% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Africa dominates imports structure, resulting at X tons, which was approx. 78% of total imports in 2022. It was distantly followed by Rwanda (X tons), committing a 5.6% share of total imports. The following importers - Nigeria (X tons), Equatorial Guinea (X tons), Kenya (X tons) and Namibia (X tons) - together made up 11% of total imports.

Imports into South Africa increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, Rwanda (+80.4%), Equatorial Guinea (+22.9%), Namibia (+14.1%) and Kenya (+10.9%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of +80.4% from 2012-2022. By contrast, Nigeria (-6.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Rwanda, Equatorial Guinea and South Africa increased by +5.6, +2.7 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported sandstone in Africa, comprising 70% of total imports. The second position in the ranking was taken by Kenya ($X), with a 4.9% share of total imports. It was followed by Nigeria, with a 3.3% share.

In South Africa, sandstone imports decreased by an average annual rate of -2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kenya (+8.4% per year) and Nigeria (-12.5% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by 8.8% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kenya ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Equatorial Guinea (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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