Northern America: Granite Block Market 2024

Granite Block Market Size in Northern America

In 2022, the North American granite block market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Granite Block Production in Northern America

In value terms, granite block production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Granite Block Exports

Exports in Northern America

In 2022, approx. X tons of granite blocks and slabs were exported in Northern America; waning by -24.6% on 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 49%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, granite block exports dropped to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +33.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) represented the major exporter of granite blocks and slabs, making up 65% of total exports. It was distantly followed by Canada (X tons), committing a 35% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +5.2%).

In value terms, the United States ($X) remains the largest granite block supplier in Northern America, comprising 67% of total exports. The second position in the ranking was held by Canada ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Granite Block Imports

Imports in Northern America

Granite block imports shrank to X tons in 2022, with a decrease of -11.4% compared with the previous year's figure. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 37%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, granite block imports rose modestly to $X in 2022. Overall, imports, however, continue to indicate a modest increase. The growth pace was the most rapid in 2016 when imports increased by 36% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) and Canada (X tons) was the major importer of granite blocks and slabs in Northern America, constituting 100% of total import.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of -3.2%).

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of imports in 2022.

Canada, with a CAGR of +3.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, increasing by 16% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, granite block import price increased by +37.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 28% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%).

Source: IndexBox Platform

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