Europe: Crude Granite Market 2024

Crude Granite Market Size in Europe

The Europe crude granite market reached $X in 2022, picking up by 4.1% against the previous year. Overall, consumption continues to indicate strong growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Crude Granite Production in Europe

In value terms, crude granite production totaled $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 39%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Crude Granite Exports

Exports in Europe

For the third year in a row, Europe recorded growth in shipments abroad of granite (crude), which increased by 5.1% to X tons in 2022. Over the period under review, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 when exports increased by 31%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude granite exports stood at $X in 2022. In general, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 16%. 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

Spain (X tons) and Portugal (X tons) represented roughly 43% of total exports in 2022. Poland (X tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Finland (9.9%), Italy (6.6%) and Norway (4.7%). Austria (X tons), Sweden (X tons), Belgium (X tons), Germany (X tons), France (X tons) and Switzerland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +12.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Portugal ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, with a combined 46% share of total exports.

Portugal, with a CAGR of +4.0%, recorded 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

The export price in Europe stood at $X per ton in 2022, rising by 4.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 33% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.5%), while the other leaders experienced more modest paces of growth.

Crude Granite Imports

Imports in Europe

In 2022, after two years of growth, there was significant decline in purchases abroad of granite (crude), when their volume decreased by -7.6% to X tons. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 53%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, crude granite imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) represented the main importer of granite (crude), committing 60% of total imports. Denmark (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Italy (8.1%), Spain (6%) and the Netherlands (5.9%). Poland (X tons) and Portugal (X tons) followed a long way behind the leaders.

Imports into the UK increased at an average annual rate of +28.2% from 2012 to 2022. At the same time, the Netherlands (+63.6%), Portugal (+6.3%), Spain (+4.6%) and Denmark (+4.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of +63.6% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Poland (-2.0%) illustrated a downward trend over the same period. The UK (+46 p.p.) and the Netherlands (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Spain, Poland, Denmark and Italy saw its share reduced by -4.4%, -6.8%, -8% and -14.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported granite (crude) in Europe, comprising 37% of total imports. The second position in the ranking was taken by the UK ($X), with a 15% share of total imports. It was followed by Poland, with a 12% share.

In Italy, crude granite imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+14.7% per year) and Poland (-0.1% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by 15% against the previous year. Overall, the import price, however, showed a abrupt contraction. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Denmark ($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 (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform