EU: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in the EU

In 2021, the EU stone polishing machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a perceptible contraction. The pace of growth appeared the most rapid in 2017 when the market value increased by 9.8%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Stone Polishing Machine Production in the EU

In value terms, stone polishing machine production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable slump. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Stone Polishing Machine Exports

Exports in the EU

Stone polishing machine exports soared to X units in 2021, with an increase of 44% against the year before. Over the period under review, exports recorded a slight expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone polishing machine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy represented the largest exporting country with an export of around X units, which reached 59% of total exports. Germany (X units) ranks second in terms of the total exports with a 12% share, followed by Austria (5.4%). The Netherlands (X units), France (X units), Poland (X units), Spain (X units), Bulgaria (X units) and Sweden (X units) held a little share of total exports.

Italy experienced a relatively flat trend pattern with regard to volume of exports of grinding or polishing machines for working stone, ceramics and concrete. At the same time, Bulgaria (+29.8%), Poland (+26.0%), the Netherlands (+14.2%), France (+12.8%), Austria (+9.6%), Germany (+1.5%) and Sweden (+1.3%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +29.8% from 2012-2021. By contrast, Spain (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, the Netherlands, Austria, France and Bulgaria increased by +3.1, +2.9, +2.7, +2.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stone polishing machine supplying countries in the European Union were Italy ($X), Germany ($X) and France ($X), with a combined 84% share of total exports. These countries were followed by the Netherlands, Austria, Sweden, Bulgaria, Poland and Spain, which together accounted for a further 13%.

Bulgaria, with a CAGR of +29.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, waning by -4.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by 34%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was France ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.5%), while the other leaders experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports in the EU

In 2021, purchases abroad of grinding or polishing machines for working stone, ceramics and concrete was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 46%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, stone polishing machine imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X units), distantly followed by Germany (X units), the Netherlands (X units), France (X units), Poland (X units), Italy (X units) and the Czech Republic (X units) were the major importers of grinding or polishing machines for working stone, ceramics and concrete, together achieving 71% of total imports. Belgium (X units), Sweden (X units), Portugal (X units), Romania (X units), Austria (X units) and Bulgaria (X units) followed a long way behind the leaders.

Imports into Spain increased at an average annual rate of +26.9% from 2012 to 2021. At the same time, the Czech Republic (+38.5%), the Netherlands (+20.0%), Portugal (+16.8%), Italy (+12.9%), Belgium (+6.3%), Romania (+4.4%), France (+3.9%), Poland (+3.8%), Austria (+3.6%) and Sweden (+3.2%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +38.5% from 2012-2021. By contrast, Bulgaria (-3.8%) and Germany (-5.0%) illustrated a downward trend over the same period. Spain (+17 p.p.), the Netherlands (+6 p.p.), the Czech Republic (+5.3 p.p.), Italy (+3.3 p.p.) and Portugal (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Poland, France, Bulgaria and Germany saw its share reduced by -1.9%, -2%, -3.3% and -17.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Spain ($X) and France ($X) were the countries with the highest levels of imports in 2021, with a combined 40% share of total imports.

In terms of the main importing countries, Spain, with a CAGR of +14.3%, saw 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

The import price in the European Union stood at $X per unit in 2021, increasing by 3.6% against the previous year. Overall, the import price, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 an increase of 55% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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