Spain: Granite Building Stone Market 2024

Granite Building Stone Market Size in Spain

In 2021, the Spanish granite building stone market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Granite Building Stone Production in Spain

In value terms, granite building stone production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Granite Building Stone Exports

Exports from Spain

After four years of decline, overseas shipments of granite building stone increased by 6.3% to X tons in 2021. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, granite building stone exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Morocco (X tons) and Germany (X tons) were the main destinations of granite building stone exports from Spain, together comprising 57% of total exports. Turkey, Portugal, Switzerland, France, Poland, the Dominican Republic, Mexico, the UK, Tunisia and Algeria lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +34.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Morocco ($X) and Germany ($X) appeared to be the largest markets for granite building stone exported from Spain worldwide, with a combined 52% share of total exports. France, Portugal, Turkey, Poland, the UK, Switzerland, the Dominican Republic, Mexico, Tunisia and Algeria lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +19.0%, 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

In 2021, the average granite building stone export price amounted to $X per ton, picking up by 12% against the previous year. In general, the export price, however, continues to indicate a mild descent. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the 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 the UK ($X per ton), while the average price for exports to Tunisia ($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 France (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Building Stone Imports

Imports into Spain

In 2021, approx. X tons of granite building stone were imported into Spain; approximately equating the year before. Overall, imports, however, saw a slight setback. The pace of growth was the most pronounced in 2019 when imports increased by 21% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, granite building stone imports skyrocketed to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, India (X tons) constituted the largest granite building stone supplier to Spain, with a 43% share of total imports. Moreover, granite building stone imports from India exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+4.4% per year) and Brazil (+24.1% per year).

In value terms, India ($X) constituted the largest supplier of granite building stone to Spain, comprising 44% of total imports. The second position in the ranking was taken by Brazil ($X), with a 20% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+23.6% per year) and Italy (+36.3% per year).

Import Prices by Country

In 2021, the average granite building stone import price amounted to $X per ton, with an increase of 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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