Greece: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Greece

In 2021, the Greek market for granite, sandstone and other building stone increased by 60% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, recorded a pronounced descent. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from Greece

In 2021, the amount of granite, sandstone and other building stone exported from Greece skyrocketed to X tons, growing by 114% against 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone soared to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Albania (X tons), Saudi Arabia (X tons) and Bulgaria (X tons) were the main destinations of exports of granite, sandstone and other building stone from Greece, with a combined 63% 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 Albania (with a CAGR of +28.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite, sandstone and other building stone exported from Greece were Saudi Arabia ($X), Italy ($X) and France ($X), together accounting for 48% of total exports. Bulgaria, Germany, Albania and Poland lagged somewhat behind, together comprising a further 29%.

Albania, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, with a decrease of -39.8% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2020 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Albania ($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 China (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into Greece

After four years of decline, supplies from abroad of granite, sandstone and other building stone increased by 72% to X tons in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. Over the period under review, imports, however, recorded a perceptible downturn. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Albania (X tons) was the main granite, sandstone and other building stone supplier to Greece, accounting for a 92% share of total imports. Moreover, imports of granite, sandstone and other building stone from Albania exceeded the figures recorded by the second-largest supplier, Egypt (X tons), twofold. India (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Albania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+98.7% per year) and India (+5.0% per year).

In value terms, the largest granite, sandstone and other building stone suppliers to Greece were Egypt ($X), Albania ($X) and India ($X).

Among the main suppliers, Egypt, with a CAGR of +66.6%, 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

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, with an increase of 3% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2013 an increase of 23%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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