EU: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in the EU

In 2021, the EU market for granite, sandstone and other building stone increased by 70% to $X, rising for the third year in a row after six years of decline. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +91.6% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Granite, Sandstone And Other Building Stone in the EU

In value terms, production of granite, sandstone and other building stone surged to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports in the EU

In 2021, shipments abroad of granite, sandstone and other building stone was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. Over the period under review, exports, however, showed a perceptible shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) and Spain (X tons) represented roughly 44% of total exports in 2021. Germany (X tons) held a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by Poland (9.1%), Italy (6.7%), Austria (6.1%), Sweden (6.1%) and Slovakia (5.6%). Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovakia (with a CAGR of +67.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone supplying countries in the European Union were Spain ($X), Italy ($X) and Portugal ($X), together accounting for 58% of total exports. Belgium, Sweden, Poland, Germany, Austria and Slovakia lagged somewhat behind, together comprising a further 26%.

Slovakia, with a CAGR of +21.2%, saw the highest growth rate of the value of exports, among 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 2021, the export price in the European Union amounted to $X per ton, waning by -18.1% against the previous year. In general, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the other leaders experienced a decline in the export price figures.

Imports of Granite, Sandstone And Other Building Stone

Imports in the EU

In 2021, supplies from abroad of granite, sandstone and other building stone increased by 30% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% 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 +93.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons) and the Netherlands (X tons) represented roughly 46% of total imports in 2021. It was distantly followed by Italy (X tons), Spain (X tons), France (X tons) and Belgium (X tons), together achieving a 34% share of total imports. Germany (X tons), Poland (X tons), Portugal (X tons) and Lithuania (X tons) held a minor share of total imports.

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, Italy ($X) constitutes the largest market for imported granite, sandstone and other building stone in the European Union, comprising 29% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total imports. It was followed by Spain, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value in Italy stood at -2.7%. In the other countries, the average annual rates were as follows: the Netherlands (+10.2% per year) and Spain (+6.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Italy ($X per ton), while Denmark ($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 more modest paces of growth.

Source: IndexBox Platform

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