Romania: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Romania

The Romanian natural stone sett market expanded sharply to $X in 2022, increasing by 5.3% against the previous year. Over the period under review, consumption, however, recorded a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Natural Stone Sett Production in Romania

In value terms, natural stone sett production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 241%. Natural stone sett production peaked in 2022 and is likely to see gradual growth in the near future.

Natural Stone Sett Exports

Exports from Romania

In 2022, approx. X tons of natural stone setts, kerbstones and flagstones were exported from Romania; with an increase of 93% against the year before. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 2,715% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, natural stone sett exports rose rapidly to $X in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 3,287%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Hungary (X tons) and Germany (X tons) were the main destinations of natural stone sett exports from Romania, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +111.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural stone sett exported from Romania were Belgium ($X), Hungary ($X) and Germany ($X), with a combined 96% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +74.0%, 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 natural stone sett export price stood at $X per ton in 2022, falling by -42.8% against the previous year. Over the period under review, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 89% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-2.6%), while the prices for the other major destinations experienced a decline.

Natural Stone Sett Imports

Imports into Romania

In 2022, purchases abroad of natural stone setts, kerbstones and flagstones was finally on the rise to reach X tons after two years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 123% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports soared to $X in 2022. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 120% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of natural stone sett to Romania, with a 47% share of total imports. Moreover, natural stone sett imports from Ukraine exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine stood at +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.3% per year) and Italy (+8.2% per year).

In value terms, Ukraine ($X), Turkey ($X) and Italy ($X) were the largest natural stone sett suppliers to Romania, with a combined 81% share of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +56.9%, recorded the highest rates of growth with regard to 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

In 2022, the average natural stone sett import price amounted to $X per ton, surging by 2.8% against the previous year. Overall, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 46% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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