Italy: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Italy

In 2022, after four years of growth, there was significant decline in the Italian natural stone sett market, when its value decreased by -71.2% to $X. In general, consumption showed a noticeable downturn. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Natural Stone Sett Production in Italy

In value terms, natural stone sett production fell significantly to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 2,647%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Natural Stone Sett Exports

Exports from Italy

In 2022, shipments abroad of natural stone setts, kerbstones and flagstones increased by 4.4% to X tons, rising for the seventh year in a row after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 7.6%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, natural stone sett exports rose modestly to $X in 2022. In general, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Switzerland (X tons) and France (X tons) were the main destinations of natural stone sett exports from Italy, with a combined 63% share of total exports. Austria, Romania and the UK lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural stone sett exported from Italy were France ($X), Switzerland ($X) and Germany ($X), with a combined 61% share of total exports. Austria, the UK and Romania lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Romania, with a CAGR of +29.0%, 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 natural stone sett export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and France ($X per ton), while the average price for exports to Germany ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into Italy

In 2022, approx. X tons of natural stone setts, kerbstones and flagstones were imported into Italy; which is down by -15.8% against the previous year. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 20%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, natural stone sett imports shrank to $X in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 20% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of natural stone sett to Italy, with a 68% share of total imports. Moreover, natural stone sett imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.3% per year) and China (-23.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Italy, comprising 55% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.0% per year) and China (-19.5% per year).

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, surging by 10% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural stone sett import price increased by +74.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Vietnam ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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