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World - Granite Blocks And Slabs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGranite Block Market
The global market for granite blocks and slabs is forecasted to experience growth in consumption and value from 2022 to 2030, with an anticipated CAGR of +2.7% and +4.9% respectively. Consumption of granite blocks and slabs increased in 2022, reaching 4.4M tons. China, Brazil, and Malaysia were the top consuming countries in 2022. Production of granite blocks and slabs decreased in 2022, while imports and exports fluctuated. China dominated the import structure, while India and Brazil were the largest exporters in 2022. The average import price remained stable in 2022, while the average export price rose slightly. Overall, the global market for granite blocks and slabs is expected to see continued growth over the next decade.
Market Forecast
Driven by increasing demand for granite blocks and slabs worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 5.4M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $1.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Granite Blocks And Slabs
In 2022, consumption of granite blocks and slabs increased by 6.3% to 4.4M tons, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +45.1% against 2019 indices. As a result, consumption reached the peak volume of 4.7M tons. From 2018 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global granite block market size rose slightly to $897M in 2022, picking up by 3.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $933M. From 2018 to 2022, the growth of the global market remained at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (1.1M tons), Brazil (876K tons) and Malaysia (513K tons), with a combined 56% share of global consumption. Zimbabwe, India, Turkey, Saudi Arabia, South Africa, Algeria and Angola lagged somewhat behind, together accounting for a further 28%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Algeria (with a CAGR of +27.8%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest granite block markets worldwide were China ($237M), Brazil ($150M) and Turkey ($65M), with a combined 50% share of the global market. Zimbabwe, India, Saudi Arabia, Algeria, South Africa, Angola and Malaysia lagged somewhat behind, together comprising a further 24%.
In terms of the main consuming countries, Algeria, with a CAGR of +23.7%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of granite block per capita consumption in 2022 were Zimbabwe (23 kg per person), Malaysia (15 kg per person) and Saudi Arabia (4.6 kg per person).
From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +25.3%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Granite Blocks And Slabs
In 2022, production of granite blocks and slabs decreased by -1.6% to 4.9M tons for the first time since 2018, thus ending a three-year rising trend. The total output volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 12%. As a result, production reached the peak volume of 5.1M tons. From 2018 to 2022, global production growth remained at a somewhat lower figure.
In value terms, granite block production shrank to $854M in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; 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 47%. As a result, production reached the peak level of $1.2B. From 2018 to 2022, global production growth remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were Brazil (1.5M tons), India (932K tons) and Malaysia (566K tons), with a combined 62% share of global production. Zimbabwe, Turkey, Portugal and Saudi Arabia lagged somewhat behind, together accounting for a further 23%.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +4.9%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Granite Blocks And Slabs
In 2022, approx. 1.8M tons of granite blocks and slabs were imported worldwide; surging by 1.5% against the previous year's figure. In general, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of 168%. As a result, imports reached the peak of 2.7M tons. From 2018 to 2022, the growth of global imports failed to regain momentum.
In value terms, granite block imports expanded modestly to $462M in 2022. Overall, imports recorded a notable increase. The pace of growth was the most pronounced in 2017 with an increase of 223% against the previous year. As a result, imports reached the peak of $883M. From 2018 to 2022, the growth of global imports failed to regain momentum.
Imports By Country
China dominates imports structure, amounting to 1M tons, which was approx. 58% of total imports in 2022. Algeria (75K tons), Portugal (58K tons), Germany (58K tons), Belgium (53K tons), Vietnam (52K tons), Taiwan (Chinese) (48K tons), Thailand (33K tons), Maldives (32K tons), Sweden (30K tons), Italy (29K tons) and France (28K tons) followed a long way behind the leaders.
Imports into China increased at an average annual rate of +14.6% from 2012 to 2022. At the same time, Algeria (+27.8%), Vietnam (+24.0%), Portugal (+17.2%), Maldives (+14.7%), Sweden (+8.6%) and Germany (+3.9%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in the world, with a CAGR of +27.8% from 2012-2022. France and Belgium experienced a relatively flat trend pattern. By contrast, Italy (-1.2%), Thailand (-13.1%) and Taiwan (Chinese) (-15.1%) illustrated a downward trend over the same period. While the share of China (+39 p.p.), Algeria (+3.8 p.p.), Vietnam (+2.5 p.p.) and Portugal (+2.4 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Thailand (-7.6 p.p.) and Taiwan (Chinese) (-14.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($218M) constitutes the largest market for imported granite blocks and slabs worldwide, comprising 47% of global imports. The second position in the ranking was taken by Maldives ($28M), with a 6.1% share of global imports. It was followed by Algeria, with a 6.1% share.
From 2012 to 2022, the average annual growth rate of value in China amounted to +11.6%. In the other countries, the average annual rates were as follows: Maldives (+16.1% per year) and Algeria (+23.7% per year).
Import Prices By Country
The average granite block import price stood at $260 per ton in 2022, approximately equating the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. As a result, import price attained the peak level of $333 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($875 per ton), while Belgium ($111 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Granite Blocks And Slabs
In 2022, approx. 2.3M tons of granite blocks and slabs were exported worldwide; waning by -11.8% on the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 26%. As a result, the exports reached the peak of 3.1M tons. From 2018 to 2022, the growth of the global exports remained at a lower figure.
In value terms, granite block exports contracted to $421M in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. As a result, the exports attained the peak of $615M. From 2018 to 2022, the growth of the global exports failed to regain momentum.
Exports By Country
India (660K tons) and Brazil (626K tons) represented the largest exporters of granite blocks and slabs in 2022, finishing at approx. 29% and 27% of total exports, respectively. Portugal (246K tons) took the next position in the ranking, followed by Turkey (120K tons). All these countries together took near 16% share of total exports. Angola (100K tons), Spain (83K tons), Zimbabwe (83K tons), Malaysia (55K tons), Iran (52K tons) and Sweden (37K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +55.4%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Brazil ($136M), India ($113M) and Portugal ($24M) constituted the countries with the highest levels of exports in 2022, together accounting for 65% of global exports. Spain, Turkey, Zimbabwe, Angola, Iran, Sweden and Malaysia lagged somewhat behind, together accounting for a further 20%.
Iran, with a CAGR of +31.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average granite block export price stood at $184 per ton in 2022, rising by 5.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 16%. The global export price peaked at $214 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($255 per ton), while Malaysia ($21 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global granite block market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08111236 - Granite merely cut into rectangular (including square) blocks or slabs
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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