EU: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in the EU

In 2022, after three years of growth, there was significant decline in the EU natural stone sett market, when its value decreased by -26.4% to $X. Overall, consumption saw a slight shrinkage. As a result, consumption attained the peak level of $X, and then contracted sharply in the following year.

Natural Stone Sett Production in the EU

In value terms, natural stone sett production shrank rapidly to $X in 2022 estimated in export price. The total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, production reached the peak level of $X, and then fell notably in the following year.

Natural Stone Sett Exports

Exports in the EU

After two years of growth, overseas shipments of natural stone setts, kerbstones and flagstones decreased by -6.4% to X tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, natural stone sett exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

In 2022, Portugal (X tons), distantly followed by Germany (X tons), Italy (X tons), Belgium (X tons), Poland (X tons), Spain (X tons) and the Netherlands (X tons) were the key exporters of natural stone setts, kerbstones and flagstones, together constituting 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Spain (with a CAGR of +22.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest natural stone sett supplying countries in the European Union were Portugal ($X), Italy ($X) and Germany ($X), together comprising 54% of total exports. Spain, Belgium, the Netherlands and Poland lagged somewhat behind, together comprising a further 34%.

Spain, with a CAGR of +16.4%, recorded the highest growth rate of 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 the European Union amounted to $X per ton, declining by -3.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 13%. As a result, the export price reached the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.0%), while the other leaders experienced more modest paces of growth.

Natural Stone Sett Imports

Imports in the EU

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones decreased by -14.9% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 when imports increased by 12% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports dropped to $X in 2022. Overall, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 22%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany was the key importer of natural stone setts, kerbstones and flagstones in the European Union, with the volume of imports accounting for X tons, which was near 33% of total imports in 2022. France (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (9.4%), the Netherlands (8.3%), Denmark (5.2%) and Austria (5.1%). The Czech Republic (X tons), Luxembourg (X tons), Sweden (X tons), Italy (X tons), Finland (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +18.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, together comprising 58% of total imports. Belgium, Denmark, Austria, Luxembourg, Sweden, Finland, Italy, the Czech Republic and Slovakia lagged somewhat behind, together comprising a further 33%.

Finland, with a CAGR of +10.3%, saw the highest growth rate of the value of imports, in terms of 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, surging by 2.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 27% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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