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

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

In 2021, the Hungarian market for granite, sandstone and other building stone was finally on the rise to reach $X after five years of decline. Over the period under review, consumption showed a resilient expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from Hungary

In 2021, exports of granite, sandstone and other building stone from Hungary surged to X tons, picking up by 574% against the previous year's figure. Over the period under review, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of granite, sandstone and other building stone skyrocketed to $X in 2021. In general, exports continue to indicate a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Austria (X tons) and the Netherlands (X tons) were the main destinations of exports of granite, sandstone and other building stone from Hungary, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +125.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for granite, sandstone and other building stone exports from Hungary, comprising 75% of total exports. The second position in the ranking was taken by Austria ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Romania amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+54.7% per year) and the Netherlands (+125.2% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, reducing by -27.8% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 28%. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Slovakia ($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 (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Hungary

In 2021, after two years of decline, there was significant growth in overseas purchases of granite, sandstone and other building stone, when their volume increased by 89% to X tons. Overall, imports saw a buoyant expansion. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of granite, sandstone and other building stone to Hungary, with a 40% share of total imports. Moreover, imports of granite, sandstone and other building stone from Italy exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.1% per year) and South Africa (+33.4% per year).

In value terms, Italy ($X) constituted the largest supplier of granite, sandstone and other building stone to Hungary, comprising 61% of total imports. The second position in the ranking was held by South Africa ($X), with a 12% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+28.4% per year) and India (+9.1% per year).

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, picking up by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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