Eastern Europe: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Eastern Europe

In 2021, the East European market for granite, sandstone and other building stone increased by 16% to $X, rising for the third year in a row after three years of decline. In general, consumption, however, continues to indicate a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Granite, Sandstone And Other Building Stone in Eastern Europe

In value terms, production of granite, sandstone and other building stone skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible curtailment. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports in Eastern Europe

In 2021, overseas shipments of granite, sandstone and other building stone increased by 85% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of granite, sandstone and other building stone rose rapidly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Poland was the largest exporter of granite, sandstone and other building stone in Eastern Europe, with the volume of exports recording X tons, which was approx. 40% of total exports in 2021. Slovakia (X tons) held a 24% share (based on physical terms) of total exports, which put it in second place, followed by Russia (18%) and Ukraine (14%). Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +67.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest granite, sandstone and other building stone supplier in Eastern Europe, comprising 51% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 20% share of total exports. It was followed by Russia, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled +2.3%. In the other countries, the average annual rates were as follows: Ukraine (-7.4% per year) and Russia (+6.1% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, reducing by -39.2% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 4.3% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (-2.6%), while the other leaders experienced a decline in the export price figures.

Imports of Granite, Sandstone And Other Building Stone

Imports in Eastern Europe

In 2021, purchases abroad of granite, sandstone and other building stone increased by 53% to X tons, rising for the third year in a row after six years of decline. In general, imports, however, continue to indicate a noticeable setback. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.2% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons) and Lithuania (X tons) represented roughly 68% of total imports in 2021. Russia (X tons) ranks next in terms of the total imports with a 13% share, followed by Slovakia (8.7%). Romania (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Lithuania (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported granite, sandstone and other building stone in Eastern Europe, comprising 57% of total imports. The second position in the ranking was taken by Romania ($X), with a 13% share of total imports. It was followed by Lithuania, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value in Poland was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+19.3% per year) and Lithuania (+18.3% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, shrinking by -6.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2013 an increase of 36%. The level of import peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Romania ($X per ton), while Lithuania ($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 (+8.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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