Greece: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Greece

In 2022, the Greek natural stone sett market increased by X% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption showed a prominent increase. Natural stone sett consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Natural Stone Sett Production in Greece

In value terms, natural stone sett production totaled $X in 2022 estimated in export price. In general, production posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in years to come.

Natural Stone Sett Exports

Exports from Greece

For the third year in a row, Greece recorded growth in overseas shipments of natural stone setts, kerbstones and flagstones, which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, natural stone sett exports soared to $X in 2022. In general, exports recorded a moderate increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bulgaria (X tons) was the main destination for natural stone sett exports from Greece, accounting for a X% share of total exports. Moreover, natural stone sett exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bulgaria stood at X%.

In value terms, Bulgaria ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Greece, comprising X% of total exports. The second position in the ranking was held by Cyprus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bulgaria stood at X%.

Export Prices by Country

In 2022, the average natural stone sett export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Bulgaria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%).

Natural Stone Sett Imports

Imports into Greece

In 2022, imports of natural stone setts, kerbstones and flagstones into Greece surged to X tons, rising by X% against the previous year. Over the period under review, imports saw a strong expansion. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports surged to $X in 2022. Overall, imports saw a perceptible increase. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of natural stone sett to Greece, accounting for a X% share of total imports. Moreover, natural stone sett imports from Turkey exceeded the figures recorded by the second-largest supplier, Albania (X tons), fourfold. The third position in this ranking was taken by North Macedonia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (X% per year) and North Macedonia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Greece, comprising X% of total imports. The second position in the ranking was held by Albania ($X), with an X% share of total imports. It was followed by North Macedonia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (X% per year) and North Macedonia (X% per year).

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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