Europe: Granite Block Market 2024

Granite Block Market Size in Europe

The Europe granite block market reduced to $X in 2022, dropping by -4.7% against the previous year. In general, consumption continues to indicate a noticeable downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Granite Block Production in Europe

In value terms, granite block production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight descent. The pace of growth appeared the most rapid in 2019 with an increase of 10%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Granite Block Exports

Exports in Europe

In 2022, shipments abroad of granite blocks and slabs increased by 37% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 89% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, granite block exports soared to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +127.0% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Portugal (X tons), distantly followed by Norway (X tons), Spain (X tons) and Sweden (X tons) represented the major exporters of granite blocks and slabs, together constituting 89% of total exports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +35.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest granite block supplying countries in Europe were Norway ($X), Portugal ($X) and Spain ($X), together accounting for 74% of total exports. Italy and Sweden lagged somewhat behind, together accounting for a further 17%.

Among the main exporting countries, Sweden, with a CAGR of +33.0%, 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 export price in Europe stood at $X per ton in 2022, dropping by -1.6% against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 12% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.4%), while the other leaders experienced a decline in the export price figures.

Granite Block Imports

Imports in Europe

In 2022, overseas purchases of granite blocks and slabs increased by 4.1% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2015 with an increase of 7.1% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, granite block imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 7.6%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons) and Belgium (X tons) were the major importers of granite blocks and slabs in 2022, resulting at near 17% and 14% of total imports, respectively. It was distantly followed by Germany (X tons), Italy (X tons), Switzerland (X tons), France (X tons), the UK (X tons) and Greece (X tons), together mixing up a 41% share of total imports. The following importers - Denmark (X tons), Serbia (X tons), Sweden (X tons), Spain (X tons) and Norway (X tons) - together made up 17% 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 Greece (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Portugal ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 32% share of total imports. France, the UK, Belgium, Denmark, Spain, Switzerland, Sweden, Serbia, Norway and Greece lagged somewhat behind, together accounting for a further 48%.

In terms of the main importing countries, Sweden, with a CAGR of +24.1%, recorded 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

In 2022, the import price in Europe amounted to $X per ton, declining by -9.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 11%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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