Greece: Crude Granite Market 2024

Crude Granite Market Size in Greece

The Greek crude granite market rose significantly to $X in 2022, growing by 5.6% against the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Crude Granite Production in Greece

In value terms, crude granite production expanded significantly to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 46% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Crude Granite Exports

Exports from Greece

In 2022, overseas shipments of granite (crude) increased by 312% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 533% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, crude granite exports declined to $X in 2022. Over the period under review, exports, however, faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 359% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and the Netherlands (X tons) were the main destinations of crude granite exports from Greece, together comprising 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +33.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude granite exported from Greece were Poland ($X), the Netherlands ($X) and Hungary ($X), with a combined 87% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +29.2%, saw 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 average crude granite export price amounted to $X per ton, dropping by -78.6% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 176%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Romania ($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 the Netherlands (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into Greece

In 2022, the amount of granite (crude) imported into Greece was estimated at X tons, remaining stable against 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 107% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, crude granite imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa (X tons), India (X tons) and Zimbabwe (X tons) were the main suppliers of crude granite imports to Greece, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Zimbabwe ($X) and India ($X) were the largest crude granite suppliers to Greece, with a combined 78% share of total imports.

Among the main suppliers, Zimbabwe, with a CAGR of +31.9%, recorded the highest growth rate of 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

In 2022, the average crude granite import price amounted to $X per ton, with an increase of 585% against the previous year. In general, the import price continues to indicate a strong expansion. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+60.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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