Greece: Granite Building Stone Market 2025

Granite Building Stone Market Size in Greece

The Greek granite building stone market skyrocketed to $X in 2021, with an increase of 22% against the previous year. In general, consumption posted strong growth. Granite building stone consumption peaked in 2021 and is likely to see gradual growth in the near future.

Granite Building Stone Production in Greece

In value terms, granite building stone production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed strong growth. The growth pace was the most rapid in 2018 with an increase of 84%. Over the period under review, production reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Granite Building Stone Exports

Exports from Greece

After eight years of decline, overseas shipments of granite building stone increased by 21% to X tons in 2021. In general, exports, however, faced a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, granite building stone exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria (X tons), China (X tons) and Albania (X tons) were the main destinations of granite building stone exports from Greece, together comprising 55% of total exports. Romania, North Macedonia, Serbia, Israel and Cyprus lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +92.8%), while the other leaders experienced mixed trend patterns.

In value terms, Israel ($X), Bulgaria ($X) and Cyprus ($X) appeared to be the largest markets for granite building stone exported from Greece worldwide, together accounting for 47% of total exports.

Israel, with a CAGR of +94.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average granite building stone export price amounted to $X per ton, jumping by 29% against the previous year. Overall, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to China ($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 Cyprus (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Building Stone Imports

Imports into Greece

In 2021, overseas purchases of granite building stone increased by 8.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a deep setback. The growth pace was the most rapid in 2018 when imports increased by 71%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, granite building stone imports soared to $X in 2021. In general, imports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of 56%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Egypt (X tons) were the main suppliers of granite building stone imports to Greece, together comprising 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +63.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest granite building stone suppliers to Greece were China ($X), India ($X) and Egypt ($X), together accounting for 72% of total imports.

Among the main suppliers, Egypt, with a CAGR of +56.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, rising by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 an increase of 28% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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