EU: Granite Block Market 2024

Granite Block Market Size in the EU

The EU granite block market amounted to $X in 2022, approximately mirroring the previous year. In general, consumption, however, showed a noticeable descent. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Granite Block Production in the EU

In value terms, granite block production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by 9.5%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Granite Block Exports

Exports in the EU

In 2022, shipments abroad of granite blocks and slabs increased by 15% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, granite block exports amounted to $X in 2022. Total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.4% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of 41% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Portugal was the major exporting country with an export of about X tons, which accounted for 62% of total exports. Spain (X tons) held a 19% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (7.5%). Italy (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to granite block exports from Portugal stood at +31.1%. At the same time, Sweden (+35.3%), Spain (+5.0%) and Germany (+3.6%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +35.3% from 2012-2022. Italy experienced a relatively flat trend pattern. From 2012 to 2022, the share of Portugal and Sweden increased by +48 and +6.2 percentage points, respectively.

In value terms, the largest granite block supplying countries in the European Union were Portugal ($X), Spain ($X) and Italy ($X), with a combined 81% share of total exports. Sweden and Germany lagged somewhat behind, together accounting for a further 8.4%.

Among the main exporting countries, Sweden, with a CAGR of +33.0%, recorded the highest rates of growth with regard to the value of exports, 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 the European Union amounted to $X per ton, reducing by -10.2% against the previous year. Overall, the export price showed a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 13% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the other leaders experienced a decline in the export price figures.

Granite Block Imports

Imports in the EU

In 2022, purchases abroad of granite blocks and slabs increased by 11% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, saw a pronounced decrease. The growth pace was the most rapid in 2015 when imports increased by 13%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, granite block imports rose to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X tons) and Belgium (X tons) represented the major importers of granite blocks and slabs in 2022, resulting at approx. 21% and 18% of total imports, respectively. It was distantly followed by Germany (X tons), Italy (X tons), France (X tons), Greece (X tons), Denmark (X tons) and Sweden (X tons), together achieving a 46% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 41% of total imports. France, Belgium, Denmark, Sweden and Greece lagged somewhat behind, together accounting for a further 32%.

Sweden, with a CAGR of +24.1%, recorded the highest growth rate of the value of imports, among the main importing countries 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 the European Union stood at $X per ton in 2022, shrinking by -7.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2021 when the import price increased by 13%. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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