Eastern Europe: Granite Building Stone Market 2024

Granite Building Stone Market Size in Eastern Europe

The East European granite building stone market reached $X in 2021, flattening at the previous year. In general, consumption saw a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Granite Building Stone Production in Eastern Europe

In value terms, granite building stone production totaled $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 24% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Granite Building Stone Exports

Exports in Eastern Europe

In 2021, shipments abroad of granite building stone increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 17%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, granite building stone exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Poland was the largest exporting country with an export of around X tons, which recorded 50% of total exports. Ukraine (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (5.4%), Slovakia (5.3%), Estonia (4.8%) and Bulgaria (4.6%). Russia (X tons) held a little share of total exports.

Exports from Poland increased at an average annual rate of +11.5% from 2012 to 2021. At the same time, Estonia (+14.7%), Russia (+8.5%), Bulgaria (+3.9%) and Ukraine (+2.6%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +14.7% from 2012-2021. By contrast, Slovakia (-2.0%) and the Czech Republic (-11.8%) illustrated a downward trend over the same period. Poland (+23 p.p.) and Estonia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Ukraine, Slovakia and the Czech Republic saw its share reduced by -3.2%, -3.9% and -19% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest granite building stone supplying countries in Eastern Europe were Poland ($X), Estonia ($X) and Ukraine ($X), with a combined 77% share of total exports.

Among the main exporting countries, Estonia, with a CAGR of +8.6%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, increasing by 13% against the previous year. Overall, the export price, however, faced a significant decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by 21% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Estonia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-3.5%), while the other leaders experienced a decline in the export price figures.

Granite Building Stone Imports

Imports in Eastern Europe

In 2021, supplies from abroad of granite building stone decreased by -9.8% to X tons, falling for the second consecutive year after three years of growth. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 7% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, granite building stone imports surged to $X in 2021. Overall, imports continue to indicate a perceptible descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) was the key importer of granite building stone, generating 39% of total imports. Romania (X tons) ranks second in terms of the total imports with a 21% share, followed by Russia (11%), Hungary (6%) and Bulgaria (5.7%). The following importers - Slovakia (X tons) and Lithuania (X tons) - each amounted to an 8.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lithuania (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported granite building stone in Eastern Europe, comprising 38% of total imports. The second position in the ranking was held by Romania ($X), with an 18% share of total imports. It was followed by Russia, with an 11% share.

In Poland, granite building stone imports increased at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Romania (+9.8% per year) and Russia (-13.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, growing by 34% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Slovakia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :