Spain: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Spain

The Spanish natural stone sett market contracted markedly to $X in 2022, which is down by -51.9% against the previous year. Overall, consumption showed a pronounced decrease. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Natural Stone Sett Production in Spain

In value terms, natural stone sett production dropped notably to $X in 2022 estimated in export price. Overall, production, however, showed a temperate increase. The pace of growth appeared the most rapid in 2021 with an increase of 102% against the previous year. As a result, production attained the peak level of $X, and then fell sharply in the following year.

Natural Stone Sett Exports

Exports from Spain

For the third year in a row, Spain recorded growth in overseas shipments of natural stone setts, kerbstones and flagstones, which increased by 89% to X tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, natural stone sett exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 76%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), Switzerland (X tons) and Germany (X tons) were the main destinations of natural stone sett exports from Spain, with a combined 60% share of total exports. Norway, the UK, Portugal, Morocco, the Netherlands, Mexico, Slovakia, Belgium and Russia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +143.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural stone sett exported from Spain were France ($X), Switzerland ($X) and Germany ($X), with a combined 46% share of total exports. The Netherlands, the UK, Portugal, Morocco, Norway, Russia, Mexico, Slovakia and Belgium lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Norway, with a CAGR of +115.9%, saw the highest growth rate of 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

The average natural stone sett export price stood at $X per ton in 2022, shrinking by -18.7% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2019 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Netherlands ($X per ton), while the average price for exports to Belgium ($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 Morocco (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Stone Sett Imports

Imports into Spain

In 2022, natural stone sett imports into Spain skyrocketed to X tons, rising by 17% compared with the year before. In general, imports, however, saw a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, natural stone sett imports expanded significantly to $X in 2022. Over the period under review, imports recorded a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of natural stone sett to Spain, with a 57% share of total imports. Moreover, natural stone sett imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.7% per year) and China (-18.2% per year).

In value terms, the largest natural stone sett suppliers to Spain were Italy ($X), France ($X) and Portugal ($X), together comprising 73% of total imports.

France, with a CAGR of +68.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, reducing by -9.2% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 -22.3% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 51% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 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 France ($X per ton), while the price for Portugal ($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 (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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