Slovenia: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Slovenia

The Slovene natural stone sett market surged to $X in 2022, increasing by 32% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.5% against 2020 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Natural Stone Sett Exports

Exports from Slovenia

In 2022, overseas shipments of natural stone setts, kerbstones and flagstones decreased by -62.6% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 645% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports contracted remarkably to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 614%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Croatia (X tons) was the main destination for natural stone sett exports from Slovenia, with a 66% share of total exports. Moreover, natural stone sett exports to Croatia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fourfold. The third position in this ranking was held by Austria (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+7.7% per year) and Austria (+91.2% per year).

In value terms, Croatia ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Slovenia, comprising 58% of total exports. The second position in the ranking was taken by Austria ($X), with a 25% share of total exports. It was followed by Bosnia and Herzegovina, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+86.0% per year) and Bosnia and Herzegovina (+2.4% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, declining by -24.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 159%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then dropped notably in the following year.

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 Italy ($X per ton), while the average price for exports to Bulgaria ($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 Italy (+16.9%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Stone Sett Imports

Imports into Slovenia

Natural stone sett imports into Slovenia skyrocketed to X tons in 2022, with an increase of 66% against 2021 figures. Over the period under review, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, natural stone sett imports rose remarkably to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 40%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Turkey (X tons), Croatia (X tons) and Italy (X tons) were the main suppliers of natural stone sett imports to Slovenia, together comprising 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +95.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Slovenia, comprising 49% of total imports. The second position in the ranking was held by Croatia ($X), with a 17% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+66.1% per year) and Italy (-4.3% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, shrinking by -36.3% against the previous year. In general, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2021 when the average import price increased by 40%. The import price peaked at $X per ton in 2014; however, from 2015 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 China ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform