EU: Sandstone Market 2024

Sandstone Market Size in the EU

The EU sandstone market contracted significantly to $X in 2022, which is down by -56.1% against the previous year. Overall, consumption, however, showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sandstone Production in the EU

In value terms, sandstone production shrank markedly to $X in 2022 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 78% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Sandstone Exports

Exports in the EU

In 2022, shipments abroad of sandstone increased by 94% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sandstone exports declined to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 71%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland was the major exporting country with an export of around X tons, which reached 73% of total exports. Spain (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (5.6%). The following exporters - Ireland (X tons), France (X tons), Germany (X tons) and the Netherlands (X tons) - together made up 9.2% of total exports.

Poland was also the fastest-growing in terms of the sandstone exports, with a CAGR of +72.1% from 2012 to 2022. At the same time, Spain (+13.8%), the Netherlands (+12.5%), Ireland (+11.4%) and Germany (+11.0%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. By contrast, France (-6.9%) illustrated a downward trend over the same period. While the share of Poland (+72 p.p.) and Spain (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (-9.6 p.p.) and Belgium (-10.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sandstone supplying countries in the European Union were Spain ($X), Poland ($X) and Belgium ($X), together comprising 60% of total exports.

Poland, with a CAGR of +31.1%, saw the highest rates of growth with regard to the value of exports, among 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 2022, the export price in the European Union amounted to $X per ton, reducing by -56.2% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 77%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the other leaders experienced a decline in the export price figures.

Sandstone Imports

Imports in the EU

In 2022, after three years of growth, there was significant decline in supplies from abroad of sandstone, when their volume decreased by -7.9% to X tons. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, sandstone imports fell to $X in 2022. In general, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2021 when imports increased by 68%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by Romania (X tons), Belgium (X tons), Italy (X tons), France (X tons), Germany (X tons) and Ireland (X tons) were the key importers of sandstone, together committing 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +27.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 51% of total imports.

Romania, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 ton in 2022, almost unchanged from the previous year. Import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sandstone import price increased by +40.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 50%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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