Croatia: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Croatia

The Croatian market for granite, sandstone and other building stone amounted to $X in 2021, approximately mirroring 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). Over the period under review, consumption posted a resilient expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Croatia

In 2021, exports of granite, sandstone and other building stone from Croatia declined dramatically to X tons, falling by -79.2% compared with the previous year's figure. In general, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 38%. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone shrank rapidly to $X in 2021. Over the period under review, exports showed a sharp downturn. The growth pace was the most rapid in 2019 when exports increased by 52%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons) was the main destination for exports of granite, sandstone and other building stone from Croatia, accounting for a 280% share of total exports. Moreover, exports of granite, sandstone and other building stone to Israel exceeded the volume sent to the second major destination, Austria (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Israel amounted to +344.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+127.2% per year) and Slovenia (+67.7% per year).

In value terms, the largest markets for granite, sandstone and other building stone exported from Croatia were Israel ($X), Slovenia ($X) and Austria ($X).

Among the main countries of destination, Israel, with a CAGR of +270.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, picking up by 59% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 98%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Israel ($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 Bosnia and Herzegovina (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into Croatia

Imports of granite, sandstone and other building stone into Croatia surged to X tons in 2021, with an increase of 510% compared with 2020 figures. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 58% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of granite, sandstone and other building stone to Croatia, accounting for a 55% share of total imports. Moreover, imports of granite, sandstone and other building stone from Hungary exceeded the figures recorded by the second-largest supplier, Bosnia and Herzegovina (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to +307.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+37.2% per year) and South Africa (-1.9% per year).

In value terms, the largest granite, sandstone and other building stone suppliers to Croatia were South Africa ($X), Hungary ($X) and India ($X), with a combined 83% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +152.1%, recorded the highest rates of growth with regard to 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

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, with a decrease of -79.9% against the previous year. Overall, the import price showed a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 53%. As a result, import price attained the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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