United Kingdom: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in the UK

The UK natural stone sett market contracted significantly to $X in 2022, which is down by -29% against the previous year. In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Natural Stone Sett Production in the UK

In value terms, natural stone sett production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Natural Stone Sett Exports

Exports from the UK

In 2022, the amount of natural stone setts, kerbstones and flagstones exported from the UK skyrocketed to X tons, picking up by 24% on 2021. Over the period under review, exports saw a temperate expansion. The pace of growth was the most pronounced in 2020 when exports increased by 75%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports soared to $X in 2022. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 100%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Ireland (X tons) and Japan (X tons) were the main destinations of natural stone sett exports from the UK, with a combined 61% share of total exports. Switzerland, Spain, Denmark, Italy, Belgium, Gibraltar and the Netherlands lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for natural stone sett exported from the UK were the United States ($X), Ireland ($X) and Switzerland ($X), together comprising 70% of total exports. Japan, Spain, Italy, Denmark, Belgium, the Netherlands and Gibraltar lagged somewhat behind, together comprising a further 15%.

Spain, with a CAGR of +41.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average natural stone sett export price amounted to $X per ton, growing by 16% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 export price increased by +107.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Japan ($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 the Netherlands (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into the UK

In 2022, overseas purchases of natural stone setts, kerbstones and flagstones decreased by -58% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2015 with an increase of 66% against the previous year. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, natural stone sett imports fell dramatically to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

India (X tons), Portugal (X tons) and China (X tons) were the main suppliers of natural stone sett imports to the UK, together comprising 86% of total imports. Egypt, Spain and Belgium lagged somewhat behind, together comprising a further 9.9%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +69.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to the UK, comprising 45% of total imports. The second position in the ranking was taken by Portugal ($X), with a 20% share of total imports. It was followed by China, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+33.8% per year) and China (+6.9% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, with an increase of 22% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 increased by +79.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 47% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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