Slovakia: Marble Building Stone Market 2024

Marble Building Stone Market Size in Slovakia

In 2021, the Slovak marble building stone market increased by 8.2% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption continues to indicate a resilient expansion. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Marble Building Stone Production in Slovakia

In value terms, marble building stone production soared to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 52% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Marble Building Stone Exports

Exports from Slovakia

In 2021, approx. X tons of marble building stone were exported from Slovakia; shrinking by -12.9% on 2020 figures. In general, exports faced a dramatic descent. The growth pace was the most rapid in 2013 when exports increased by 668% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, marble building stone exports surged to $X in 2021. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 1,247%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for marble building stone exports from Slovakia, accounting for a 51% share of total exports. Moreover, marble building stone exports to Kazakhstan exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-54.9% per year) and Denmark (+46.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for marble building stone exports from Slovakia, comprising 67% of total exports. The second position in the ranking was taken by Denmark ($X), with a 6.4% share of total exports. It was followed by Hungary, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Kazakhstan amounted to +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+44.8% per year) and Hungary (+237.2% per year).

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, jumping by 473% against the previous year. In general, the export price, however, recorded a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by 1,034%. 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 remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Czech Republic ($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 the UK (+1,555.9%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Slovakia

In 2021, marble building stone imports into Slovakia rose slightly to X tons, picking up by 4% against 2020. In general, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 110% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, marble building stone imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 62%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Hungary (X tons) and Vietnam (X tons) were the main suppliers of marble building stone imports to Slovakia, together comprising 87% of total imports. Egypt, North Macedonia, Greece, China, the Czech Republic, Italy and Germany lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +115.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of marble building stone to Slovakia, comprising 59% of total imports. The second position in the ranking was taken by Hungary ($X), with a 13% share of total imports. It was followed by China, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+90.6% per year) and China (-13.4% per year).

Import Prices by Country

The average marble building stone import price stood at $X per ton in 2021, surging by 20% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 139% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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