Eastern Europe: Granite Block Market 2024

Granite Block Market Size in Eastern Europe

The East European granite block market rose remarkably to $X in 2022, with an increase of 5.7% against the previous year. Over the period under review, consumption, however, showed a perceptible descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Granite Block Production in Eastern Europe

In value terms, granite block production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Granite Block Exports

Exports in Eastern Europe

After three years of decline, overseas shipments of granite blocks and slabs increased by 0.8% to X tons in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 74% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, granite block exports contracted to $X in 2022. In general, exports, however, saw a mild contraction. The pace of growth was the most pronounced in 2018 when exports increased by 62%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) and Poland (X tons) represented the key exporters of granite blocks and slabs in 2022, amounting to approx. 36% and 33% of total exports, respectively. Bulgaria (X tons) ranks next in terms of the total exports with a 15% share, followed by the Czech Republic (6.8%) and Ukraine (6.1%).

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +22.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Bulgaria ($X) constituted the countries with the highest levels of exports in 2022, together comprising 80% of total exports.

Bulgaria, with a CAGR of +14.6%, 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 leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, declining by -13.4% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2019 when the export price increased by 9.3%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Bulgaria ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-3.0%), while the other leaders experienced a decline in the export price figures.

Granite Block Imports

Imports in Eastern Europe

In 2022, imports of granite blocks and slabs in Eastern Europe shrank to X tons, falling by -6.9% compared with 2021. Over the period under review, imports, however, saw a notable increase. The pace of growth appeared the most rapid in 2019 when imports increased by 138% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, granite block imports rose slightly to $X in 2022. Overall, imports, however, showed a strong expansion. The growth pace was the most rapid in 2019 when imports increased by 111%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of granite block imports in 2022 were Belarus (X tons), the Czech Republic (X tons), Poland (X tons) and Romania (X tons), together finishing at 72% of total import. Lithuania (X tons) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (8.6%) and Russia (6.1%).

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +21.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 60% share of total imports. Belarus, Hungary, Lithuania and Russia lagged somewhat behind, together accounting for a further 35%.

In terms of the main importing countries, Lithuania, with a CAGR of +26.7%, recorded 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

The import price in Eastern Europe stood at $X per ton in 2022, surging by 12% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, granite block import price increased by +53.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 79% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :