- THE MAGAZINE
- CSTD MAGAZINE
Comparing the 2009 stone import figures to 2008, the following “lowlights” can be found:
• Overall stone imports into the U.S. fell from $2.262 billion to $1.404 billion, a decline of 38%
• Granite imports dropped from $1.148 billion to $723.63 million, a decrease of 37%
• Marble imports went from $950.75 million to $568.43 million, a drop of nearly 40%
• Slate imports declined from $101.05 million to $63.11 million, a fall of 38%
Looking at specific nations that export stone to the U.S., Italy seems to have been hurt the most by the recession - perhaps because they are also the leader in supplying stone with the most added value. Italian stone suppliers saw their exports to the U.S. decline by nearly 50%, going from a total of $373.31 million in 2008 to $190.1 million in 2009. These drop-offs were consistent among all materials - granite, marble, slate and other stones.
Looking specifically at granite-exporting nations, India was hit particularly hard, as its granite exports declined to $89.56 million - a drop of 47%. Meanwhile, although Brazil suffered a 33% decline in its granite exports to the U.S. in 2009, its total value of $281.79 million still places it as the world leader in this category. The second leading exporter of granite to the U.S. - China - saw the least decline among the major players, as it dipped 28% to a total of just under $193 million.
Better times in 2010
Now that all of this ugliness has been laid out in no uncertain terms, all indicators are that these numbers will all improve over the course of this year. A number of major distributors have told Stone World that they are in the process of replenishing their inventories, and they have reported increases in their imports of containers during the first few months of 2010.
Foreign distributors in markets such as Brazil have reported strong business over the first quarter of the year, and it is hoped that the official figures from the U.S. Department of Commerce will bear this out as they are released over the next few months.
Meanwhile, a number of large-volume stone fabricators have also reported increased activity in 2010 as remodeling activity slowly rebounds. Some have also expanded into markets such as healthcare and institutional work, which has resulted in a number of shops that are busier now than they were a year ago.
The general consensus is that 2009 was when this lingering recession “hit bottom” for the stone industry, and we all look forward to the a full recovery that appears to have already begun.