South Africa: Market for Granite, Sandstone And Other Building Stone 2024

Market Size for Granite, Sandstone And Other Building Stone in South Africa

The South African market for granite, sandstone and other building stone dropped rapidly to $X in 2022, reducing by X% against the previous year. In general, consumption recorded a significant contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Granite, Sandstone And Other Building Stone in South Africa

In value terms, production of granite, sandstone and other building stone expanded slightly to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from South Africa

In 2022, shipments abroad of granite, sandstone and other building stone increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of granite, sandstone and other building stone reduced to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Italy (X tons), China (X tons) and Poland (X tons) were the main destinations of exports of granite, sandstone and other building stone from South Africa.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite, sandstone and other building stone exported from South Africa were Italy ($X), Poland ($X) and China ($X).

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, declining by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into South Africa

In 2022, purchases abroad of granite, sandstone and other building stone increased by X% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone dropped significantly to $X in 2022. Overall, imports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Lesotho (X tons), Zimbabwe (X tons) and Namibia (X tons) were the main suppliers of imports of granite, sandstone and other building stone to South Africa.

From 2012 to 2021, the biggest increases were recorded for Zimbabwe (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X), Lesotho ($X) and Namibia ($X) were the largest granite, sandstone and other building stone suppliers to South Africa.

Among the main suppliers, Zimbabwe, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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