Germany: Granite Block Market 2024

Granite Block Market Size in Germany

After three years of decline, the German granite block market increased by 57% to $X in 2022. Over the period under review, consumption, however, saw a pronounced downturn. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Granite Block Production in Germany

In value terms, granite block production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Granite Block Exports

Exports from Germany

In 2022, after two years of growth, there was significant decline in shipments abroad of granite blocks and slabs, when their volume decreased by -66.2% to X tons. Over the period under review, exports, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2020 when exports increased by 935%. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, granite block exports reduced rapidly to $X in 2022. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 189% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for granite block exports from Germany, accounting for a 97% share of total exports. It was followed by the Netherlands (X tons), with a 0.6% share of total exports. Austria (X tons) ranked third in terms of total exports with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-31.4% per year) and Austria (-24.1% per year).

In value terms, Switzerland ($X) remains the key foreign market for granite blocks and slabs exports from Germany, comprising 81% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 2.5% share of total exports. It was followed by Austria, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-32.3% per year) and Austria (-20.1% per year).

Export Prices by Country

In 2022, the average granite block export price amounted to $X per ton, increasing by 103% against the previous year. In general, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Granite Block Imports

Imports into Germany

Granite block imports into Germany reduced to X tons in 2022, declining by -8.1% on 2021 figures. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2017 when imports increased by 53%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, granite block imports dropped to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 66% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest granite block supplier to Germany, with a 71% share of total imports. Moreover, granite block imports from Turkey exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+16.9% per year) and Spain (-12.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of granite blocks and slabs to Germany, comprising 57% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Portugal, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.6% per year) and Portugal (+18.7% per year).

Import Prices by Country

The average granite block import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 52%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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