Slovakia: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Slovakia

In 2022, the Slovak natural stone sett market increased by 2.2% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Natural Stone Sett Exports

Exports from Slovakia

In 2022, exports of natural stone setts, kerbstones and flagstones from Slovakia reduced markedly to X tons, falling by -19.1% compared with the year before. Over the period under review, exports, however, posted pronounced growth. The pace of growth appeared the most rapid in 2013 when exports increased by 284% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, natural stone sett exports dropped dramatically to $X in 2022. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2017 with an increase of 115%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Hungary (X tons) and Austria (X tons) were the main destinations of natural stone sett exports from Slovakia, with a combined 99% 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 Austria (with a CAGR of +113.4%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and Austria ($X) constituted the largest markets for natural stone sett exported from Slovakia worldwide, together comprising 92% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +93.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, shrinking by -6.6% against the previous year. Overall, the export price showed a sharp decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 60%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Poland ($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 Hungary (-3.5%), while the prices for the other major destinations experienced a decline.

Natural Stone Sett Imports

Imports into Slovakia

In 2022, natural stone sett imports into Slovakia contracted modestly to X tons, falling by -2.3% on 2021 figures. Over the period under review, imports continue to indicate a mild decline. The growth pace was the most rapid in 2014 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports contracted to $X in 2022. In general, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 103% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Ukraine (X tons) were the main suppliers of natural stone sett imports to Slovakia, together comprising 89% of total imports. Turkey and Hungary lagged somewhat behind, together accounting for a further 8.2%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +139.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Hungary ($X) constituted the largest natural stone sett suppliers to Slovakia, with a combined 70% share of total imports. Turkey and Ukraine lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Turkey, with a CAGR of +113.0%, 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, dropping by -4.1% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 decreased by -18.0% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 25%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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