Russian Federation: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in the Russian Federation

The Russian natural stone sett market contracted to $X in 2022, waning by -2.7% against the previous year. In general, consumption recorded a relatively flat trend pattern. Natural stone sett consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Natural Stone Sett Production in the Russian Federation

In value terms, natural stone sett production declined to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 15%. Natural stone sett production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Natural Stone Sett Exports

Exports from the Russian Federation

After two years of growth, overseas shipments of natural stone setts, kerbstones and flagstones decreased by -45.3% to X tons in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 941% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, natural stone sett exports contracted dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 891%. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

Kazakhstan (X tons), Estonia (X tons) and Lithuania (X tons) were the main destinations of natural stone sett exports from Russia, with a combined 70% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +371.2%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from Russia, comprising 52% of total exports. The second position in the ranking was held by Estonia ($X), with an 18% share of total exports. It was followed by Lithuania, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+245.6% per year) and Lithuania (+59.8% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Estonia ($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 Azerbaijan (+26.0%), while the prices for the other major destinations experienced a decline.

Natural Stone Sett Imports

Imports into the Russian Federation

In 2022, overseas purchases of natural stone setts, kerbstones and flagstones were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports showed a modest expansion. The growth pace was the most rapid in 2017 when imports increased by 66% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, natural stone sett imports rose remarkably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 99%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest natural stone sett supplier to Russia, with a 43% share of total imports. Moreover, natural stone sett imports from Ukraine exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. China (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+48.9% per year) and China (-6.9% per year).

In value terms, the largest natural stone sett suppliers to Russia were Vietnam ($X), India ($X) and Ukraine ($X), with a combined 73% share of total imports.

In terms of the main suppliers, India, with a CAGR of +44.2%, recorded 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

In 2022, the average natural stone sett import price amounted to $X per ton, which is down by -5.2% against the previous year. Overall, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($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 (+9.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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