Belgium: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Belgium

The Belgian natural stone sett market declined notably to $X in 2022, falling by -75.5% against the previous year. Overall, consumption recorded a deep downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Production in Belgium

In value terms, natural stone sett production expanded significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Natural Stone Sett Exports

Exports from Belgium

In 2022, overseas shipments of natural stone setts, kerbstones and flagstones decreased by -25.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 when exports increased by 108% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural stone sett exports contracted sharply to $X in 2022. In general, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 121% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main destinations of natural stone sett exports from Belgium, together comprising 83% of total exports. The UK and Luxembourg lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +223.3%), while shipments for the other leaders experienced a decline.

In value terms, France ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Belgium, comprising 46% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total exports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.4% per year) and Germany (-8.9% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, falling by -19.1% against the previous year. Over the period under review, the export price saw a mild slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 France (+1.9%), while the prices for the other major destinations experienced a decline.

Natural Stone Sett Imports

Imports into Belgium

After two years of growth, overseas purchases of natural stone setts, kerbstones and flagstones decreased by -39% to X tons in 2022. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 46%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, natural stone sett imports dropped notably to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 58% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of natural stone sett to Belgium, accounting for a 45% share of total imports. Moreover, natural stone sett imports from the Netherlands exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.6% per year) and Vietnam (-4.8% per year).

In value terms, India ($X), Vietnam ($X) and the Netherlands ($X) were the largest natural stone sett suppliers to Belgium, with a combined 66% share of total imports. China, Portugal, Ireland, France and Turkey lagged somewhat behind, together comprising a further 28%.

In terms of the main suppliers, Ireland, with a CAGR of +76.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, dropping by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 an increase of 32%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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