Romania: Granite Building Stone Market 2024

Granite Building Stone Market Size in Romania

The Romanian granite building stone market was estimated at $X in 2021, almost unchanged from the previous year. Over the period under review, consumption, however, continues to indicate a resilient expansion. Granite building stone consumption peaked in 2021 and is expected to retain growth in years to come.

Granite Building Stone Production in Romania

In value terms, granite building stone production surged to $X in 2021 estimated in export price. In general, production showed significant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 271% against the previous year. Granite building stone production peaked in 2021 and is likely to continue growth in years to come.

Granite Building Stone Exports

Exports from Romania

In 2021, approx. X tons of granite building stone were exported from Romania; growing by 11% on 2020. Overall, exports saw a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 119% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, granite building stone exports soared to $X in 2021. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 56% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Moldova (X tons) was the main destination for granite building stone exports from Romania, with a 87% share of total exports. Moreover, granite building stone exports to Moldova exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Moldova stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+23.2% per year) and Ukraine (+8.6% per year).

In value terms, Moldova ($X) remains the key foreign market for granite building stone exports from Romania, comprising 75% of total exports. The second position in the ranking was taken by Hungary ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Moldova totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+24.3% per year) and Ukraine (+5.6% per year).

Export Prices by Country

In 2021, the average granite building stone export price amounted to $X per ton, increasing by 8.4% against the previous year. Overall, the export price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2013 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Moldova ($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 Hungary (+0.9%), while the prices for the other major destinations experienced a decline.

Granite Building Stone Imports

Imports into Romania

After seven years of growth, overseas purchases of granite building stone decreased by -25.7% to X tons in 2021. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 43%. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, granite building stone imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 29%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Vietnam (X tons) and Egypt (X tons) were the main suppliers of granite building stone imports to Romania, together comprising 68% of total imports. These countries were followed by India, Italy, Turkey and Iran, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +117.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of granite building stone to Romania, comprising 39% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by Vietnam, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.0% per year) and Vietnam (+62.9% per year).

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, increasing by 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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