Greece: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Greece

In 2021, the Greek market for granules, chippings and powder of monumental stone was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, saw a dramatic decrease. Monumental stone granules and powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Granules, Chippings And Powder Of Monumental Stone in Greece

In value terms, monumental stone granules and powder production totaled $X in 2021 estimated in export price. In general, production, however, showed a dramatic contraction. The pace of growth appeared the most rapid in 2016 with an increase of 21%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Greece

In 2021, after three years of growth, there was significant decline in shipments abroad of granules, chippings and powder of monumental stone, when their volume decreased by -10.7% to X tons. Over the period under review, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 734% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports reduced modestly to $X in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 774% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Albania (X tons), Morocco (X tons) and the United States (X tons) were the main destinations of monumental stone granules and powder exports from Greece, with a combined 83% 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 the United States (with a CAGR of +342.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for monumental stone granules and powder exported from Greece were the United States ($X), Morocco ($X) and Albania ($X), with a combined 84% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +382.0%, saw the highest rates of growth with regard to 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

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, rising by 9.7% against the previous year. Over the period under review, the export price posted significant growth. The growth pace was the most rapid in 2015 when the average export price increased by 1,250%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat 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 the United States ($X per ton), while the average price for exports to Albania ($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 Belgium (+149.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Greece

For the third consecutive year, Greece recorded growth in purchases abroad of granules, chippings and powder of monumental stone, which increased by 71% to X tons in 2021. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 319%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, monumental stone granules and powder imports skyrocketed to $X in 2021. Overall, imports saw a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 326% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of monumental stone granules and powder to Greece, with a 61% share of total imports. Moreover, monumental stone granules and powder imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+38.6% per year) and the Netherlands (+33.4% per year).

In value terms, Turkey ($X), the Netherlands ($X) and Italy ($X) constituted the largest monumental stone granules and powder suppliers to Greece, with a combined 87% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +40.6%, saw 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 granules, chippings and powder of monumental stone stood at $X per ton in 2021, surging by 74% against the previous year. Overall, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 216%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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