SADC: Granite Building Stone Market 2024

Granite Building Stone Market Size in SADC

In 2021, the SADC granite building stone market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Granite Building Stone Production in SADC

In value terms, granite building stone production stood at $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.6% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Granite Building Stone Exports

Exports in SADC

In 2021, the amount of granite building stone exported in SADC rose significantly to X tons, surging by 11% against 2020. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 41% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, granite building stone exports skyrocketed to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.9% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the major exporter of granite building stone in SADC, with the volume of exports recording X tons, which was approx. 85% of total exports in 2021. It was distantly followed by Zimbabwe (X tons), comprising a 13% share of total exports.

Exports from South Africa increased at an average annual rate of +6.9% from 2012 to 2021. At the same time, Zimbabwe (+24.5%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in SADC, with a CAGR of +24.5% from 2012-2021. Zimbabwe (+9.3 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -10.8% from 2012 to 2021, respectively.

In value terms, South Africa ($X) remains the largest granite building stone supplier in SADC, comprising 76% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to +5.7%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 28% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Zimbabwe ($X per ton), while South Africa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (-1.2%).

Granite Building Stone Imports

Imports in SADC

In 2021, supplies from abroad of granite building stone decreased by -1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, granite building stone imports stood at $X in 2021. In general, imports showed a deep downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the major importer of granite building stone in SADC, with the volume of imports finishing at X tons, which was approx. 42% of total imports in 2021. Botswana (X tons) ranks second in terms of the total imports with an 11% share, followed by Tanzania (11%), Mozambique (10%) and Zambia (7.6%). The following importers - Mauritius (X tons) and Democratic Republic of the Congo (X tons) - each recorded an 8.5% share of total imports.

Imports into South Africa decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, Botswana (+20.3%), Zambia (+16.9%), Democratic Republic of the Congo (+8.6%) and Mozambique (+5.5%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing importer imported in SADC, with a CAGR of +20.3% from 2012-2021. Tanzania experienced a relatively flat trend pattern. By contrast, Mauritius (-14.3%) illustrated a downward trend over the same period. While the share of Botswana (+9.7 p.p.), Zambia (+6.3 p.p.), Mozambique (+6.1 p.p.), Tanzania (+3.2 p.p.) and Democratic Republic of the Congo (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mauritius (-7 p.p.) and South Africa (-7.1 p.p.) displayed negative dynamics.

In value terms, South Africa ($X) constitutes the largest market for imported granite building stone in SADC, comprising 33% of total imports. The second position in the ranking was held by Botswana ($X), with a 13% share of total imports. It was followed by Mozambique, with a 12% share.

In South Africa, granite building stone imports declined by an average annual rate of -12.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Botswana (+11.5% per year) and Mozambique (+3.7% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, rising by 16% against the previous year. In general, the import price, however, showed a perceptible downturn. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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