Europe: Sandstone Market 2024

Sandstone Market Size in Europe

The Europe sandstone market declined markedly to $X in 2022, reducing by -54.6% against the previous year. In general, consumption saw a abrupt setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sandstone Production in Europe

In value terms, sandstone production plummeted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 65%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Sandstone Exports

Exports in Europe

In 2022, shipments abroad of sandstone increased by 66% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sandstone exports contracted dramatically to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 67%. Over the period under review, the exports reached the maximum at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Poland prevails in exports structure, reaching X tons, which was approx. 66% of total exports in 2022. Spain (X tons) ranks second in terms of the total exports with a 9.2% share, followed by Ukraine (6.7%) and Belgium (5%). Ireland (X tons), Albania (X tons) and France (X tons) held a little share of total exports.

Poland was also the fastest-growing in terms of the sandstone exports, with a CAGR of +72.1% from 2012 to 2022. At the same time, Ukraine (+29.1%), Albania (+21.6%), Spain (+13.8%) and Ireland (+11.4%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. By contrast, France (-6.9%) illustrated a downward trend over the same period. Poland (+65 p.p.) and Ukraine (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while France and Belgium saw its share reduced by -9% and -9.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Poland ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 51% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of +31.1%, recorded the highest growth rate of 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 Europe amounted to $X per ton, reducing by -51.2% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 67%. The level of export peaked at $X per ton in 2013; however, from 2014 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 France ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Sandstone Imports

Imports in Europe

In 2022, imports of sandstone in Europe reduced dramatically to X tons, which is down by -35.1% on the year before. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 202% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, sandstone imports fell significantly to $X in 2022. Over the period under review, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 223% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

The UK prevails in imports structure, amounting to X tons, which was approx. 84% of total imports in 2022. The Netherlands (X tons), Romania (X tons), Belgium (X tons), Italy (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sandstone imports into the UK stood at +16.2%. At the same time, Romania (+27.0%), the Netherlands (+16.3%) and Italy (+6.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of +27.0% from 2012-2022. By contrast, Belgium (-8.8%) and France (-9.3%) illustrated a downward trend over the same period. The UK (+30 p.p.), Romania (+1.6 p.p.) and the Netherlands (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while France and Belgium saw its share reduced by -12.1% and -12.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported sandstone in Europe, comprising 80% of total imports. The second position in the ranking was taken by Romania ($X), with a 4.4% share of total imports. It was followed by France, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the UK stood at +16.0%. The remaining importing countries recorded the following average annual rates of imports growth: Romania (+23.2% per year) and France (+2.1% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, standing approx. at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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 Romania ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform