Germany: Granite Building Stone Market 2024

Granite Building Stone Market Size in Germany

The German granite building stone market soared to $X in 2021, with an increase of 16% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Granite building stone consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Granite Building Stone Production in Germany

In value terms, granite building stone production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Granite Building Stone Exports

Exports from Germany

In 2021, overseas shipments of granite building stone were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a pronounced decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, granite building stone exports soared to $X in 2021. In general, exports, however, recorded a mild reduction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons), Austria (X tons) and Italy (X tons) were the main destinations of granite building stone exports from Germany, with a combined 62% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for granite building stone exports from Germany, comprising 40% of total exports. The second position in the ranking was held by Austria ($X), with a 14% share of total exports. It was followed by Poland, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.8% per year) and Poland (-0.7% per year).

Export Prices by Country

In 2021, the average granite building stone export price amounted to $X per ton, declining by -3.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2018 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Building Stone Imports

Imports into Germany

In 2021, imports of granite building stone into Germany contracted to X tons, dropping by -4.6% compared with the year before. In general, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 16% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, granite building stone imports soared to $X in 2021. Overall, imports continue to indicate a slight setback. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of granite building stone imports to Germany, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +48.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest granite building stone suppliers to Germany were China ($X), Italy ($X) and India ($X), with a combined 66% share of total imports. These countries were followed by the Netherlands, Turkey, Belgium and Spain, which together accounted for a further 23%.

Turkey, with a CAGR of +37.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average granite building stone import price amounted to $X per ton, increasing by 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :