Belgium: Granite Block Market 2024

Granite Block Market Size in Belgium

In 2022, the Belgian granite block market decreased by -2.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. Granite block consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Granite Block Production in Belgium

In value terms, granite block production declined to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 100%. Granite block production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Granite Block Exports

Exports from Belgium

In 2022, shipments abroad of granite blocks and slabs decreased by -29.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 144% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, granite block exports reduced rapidly to $X in 2022. In general, exports saw a deep slump. The growth pace was the most rapid in 2013 with an increase of 107%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Portugal (X tons) were the main destinations of granite block exports from Belgium, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +42.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X) remains the key foreign market for granite blocks and slabs exports from Belgium, comprising 71% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports. It was followed by Portugal, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-20.5% per year) and Portugal (+16.4% per year).

Export Prices by Country

In 2022, the average granite block export price amounted to $X per ton, surging by 2.1% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 22%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-1.9%), while the prices for the other major destinations experienced a decline.

Granite Block Imports

Imports into Belgium

In 2022, imports of granite blocks and slabs into Belgium totaled X tons, picking up by 12% against the previous year's figure. In general, total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by +87.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, granite block imports declined to $X in 2022. Overall, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2020 when imports increased by 77% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of granite block to Belgium, with a 85% share of total imports. Moreover, granite block imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.5% per year) and Germany (+34.7% per year).

In value terms, the largest granite block suppliers to Belgium were the Netherlands ($X), Italy ($X) and Portugal ($X), with a combined 84% share of total imports. Germany and China lagged somewhat behind, together accounting for a further 6.4%.

Germany, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average granite block import price stood at $X per ton in 2022, with a decrease of -17.2% against the previous year. In general, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 42%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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