Eastern Europe: Crude Granite Market 2024

Crude Granite Market Size in Eastern Europe

The East European crude granite market expanded rapidly to $X in 2022, growing by 14% against the previous year. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +122.0% against 2012 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Crude Granite Production in Eastern Europe

In value terms, crude granite production expanded notably to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +123.6% against 2012 indices. The growth pace was the most rapid in 2014 with an increase of 22%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

Crude Granite Exports

Exports in Eastern Europe

In 2022, the amount of granite (crude) exported in Eastern Europe declined markedly to X tons, with a decrease of -17.7% on the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 15% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crude granite exports fell to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 21% against the previous year. 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

Poland prevails in exports structure, amounting to X tons, which was near 87% of total exports in 2022. It was distantly followed by Ukraine (X tons), achieving an 8.2% share of total exports. The Czech Republic (X tons) followed a long way behind the leaders.

Poland was also the fastest-growing in terms of the granite (crude) exports, with a CAGR of +1.1% from 2012 to 2022. Ukraine (-7.6%) and the Czech Republic (-10.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by +12 percentage points.

In value terms, Poland ($X) remains the largest crude granite supplier in Eastern Europe, comprising 87% of total exports. The second position in the ranking was held by Ukraine ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to +1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (-8.4% per year) and the Czech Republic (-11.1% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the Czech Republic ($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 (+0.6%), while the other leaders experienced a decline in the export price figures.

Crude Granite Imports

Imports in Eastern Europe

In 2022, overseas purchases of granite (crude) increased by 22% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, showed a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of 125% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, crude granite imports skyrocketed to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 41%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Poland prevails in imports structure, accounting for X tons, which was approx. 79% of total imports in 2022. Russia (X tons) held a 9% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (5.6%). Belarus (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Imports into Poland decreased at an average annual rate of -2.0% from 2012 to 2022. At the same time, Slovakia (+39.4%), the Czech Republic (+9.1%) and Russia (+1.5%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +39.4% from 2012-2022. By contrast, Belarus (-3.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Slovakia and Russia increased by +5.5 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported granite (crude) in Eastern Europe, comprising 87% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 6.8% share of total imports. It was followed by Russia, with a 2.2% share.

In Poland, crude granite imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Slovakia (+37.0% per year) and Russia (-6.9% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by 1.8% against the previous year. In general, the import price enjoyed a modest increase. The most prominent rate of growth was recorded in 2019 an increase of 178% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while Russia ($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 (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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