Europe: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Europe

After five years of growth, the Europe natural stone sett market decreased by -17.6% to $X in 2022. Overall, consumption recorded a slight setback. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Natural Stone Sett Production in Europe

In value terms, natural stone sett production reduced sharply to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Natural Stone Sett Exports

Exports in Europe

In 2022, overseas shipments of natural stone setts, kerbstones and flagstones decreased by -10.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a slight expansion. The growth pace was the most rapid in 2017 with an increase of 20%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, natural stone sett exports declined to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +85.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X, and then contracted 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) and Spain (X tons) represented the major exporters of natural stone setts, kerbstones and flagstones, together generating 78% of total exports. The Netherlands (X tons), Ukraine (X tons), the Czech Republic (X tons), Latvia (X tons), Russia (X tons) and France (X tons) took a minor share of total exports.

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, Portugal ($X), Italy ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 51% of total exports. Spain, Belgium, the Netherlands, France, Poland, Ukraine, the Czech Republic, Russia and Latvia lagged somewhat behind, together comprising a further 41%.

Among the main exporting countries, Latvia, with a CAGR of +108.2%, saw 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

The export price in Europe stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Natural Stone Sett Imports

Imports in Europe

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones decreased by -18.1% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2017 when imports increased by 15% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, natural stone sett imports dropped remarkably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), the UK (X tons), Belgium (X tons), the Netherlands (X tons), Switzerland (X tons), Norway (X tons) and Russia (X tons) represented the largest importers of natural stone setts, kerbstones and flagstones, together mixing up 75% of total imports. Denmark (X tons), Austria (X tons), the Czech Republic (X tons), Luxembourg (X tons) and Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Czech Republic (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural stone sett importing markets in Europe were Germany ($X), the UK ($X) and France ($X), together comprising 46% of total imports.

The UK, with a CAGR of +9.4%, saw 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 Europe stood at $X per ton in 2022, growing by 1.5% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural stone sett import price increased by +62.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 31%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform