Eastern Europe: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Eastern Europe

The East European natural stone sett market contracted to $X in 2022, waning by -7.2% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Production in Eastern Europe

In value terms, natural stone sett production shrank to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The growth pace was the most rapid in 2018 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Natural Stone Sett Exports

Exports in Eastern Europe

In 2022, natural stone sett exports in Eastern Europe declined significantly to X tons, which is down by -23.1% on 2021 figures. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by +0.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports reached the peak of X tons, and then dropped notably in the following year.

In value terms, natural stone sett exports shrank rapidly to $X in 2022. In general, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland was the main exporter of natural stone setts, kerbstones and flagstones in Eastern Europe, with the volume of exports finishing at X tons, which was near 39% of total exports in 2022. It was distantly followed by Ukraine (X tons), the Czech Republic (X tons), Latvia (X tons) and Russia (X tons), together generating a 55% share of total exports. Romania (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +193.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 76% share of total exports. Russia, Romania, Latvia and Slovakia lagged somewhat behind, together accounting for a further 23%.

Latvia, with a CAGR of +108.2%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, shrinking by -8.3% against the previous year. Overall, the export price showed a deep setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 24%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Romania ($X per ton), while Latvia ($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 (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Natural Stone Sett Imports

Imports in Eastern Europe

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones increased by 17% to X tons for the first time since 2018, thus ending a three-year declining trend. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.1% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports totaled $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 when imports increased by 48% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia represented the key importer of natural stone setts, kerbstones and flagstones in Eastern Europe, with the volume of imports amounting to X tons, which was approx. 38% of total imports in 2022. The Czech Republic (X tons) ranks second in terms of the total imports with a 22% share, followed by Slovakia (9.2%), Poland (6.5%), Romania (6.2%), Belarus (5.7%) and Lithuania (5.3%). Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +21.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported natural stone setts, kerbstones and flagstones in Eastern Europe, comprising 41% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total imports. It was followed by Romania, with a 10% share.

In Russia, natural stone sett imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (-24.1% per year) and Romania (+7.9% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with a decrease of -13.6% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2021 when the import price increased by 29%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while the Czech Republic ($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 (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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