Italy: Granite Building Stone Market 2024

Granite Building Stone Market Size in Italy

The Italian granite building stone market surged to $X in 2021, with an increase of 68% against the previous year. Overall, consumption, however, continues to indicate a deep reduction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Granite Building Stone Production in Italy

In value terms, granite building stone production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of 164% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

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Granite Building Stone Exports

Exports from Italy

In 2021, shipments abroad of granite building stone was finally on the rise to reach X tons after eight years of decline. Overall, exports, however, saw a perceptible shrinkage. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, granite building stone exports surged to $X in 2021. In general, exports, however, recorded a perceptible decrease. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for granite building stone exports from Italy, with a 28% share of total exports. Moreover, granite building stone exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. Austria (X tons) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-4.1% per year) and Austria (+0.5% per year).

In value terms, Germany ($X), the United States ($X) and Switzerland ($X) constituted the largest markets for granite building stone exported from Italy worldwide, together comprising 48% of total exports. Austria, France, Poland, Morocco, Croatia, Hungary, the Czech Republic, Romania, Slovenia and Slovakia lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Romania, with a CAGR of +8.3%, saw the highest rates of growth with regard to 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 average granite building stone export price stood at $X per ton in 2021, growing by 5.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 6.5%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Building Stone Imports

Imports into Italy

In 2021, overseas purchases of granite building stone decreased by -0.5% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 3.3%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, granite building stone imports surged to $X in 2021. In general, imports recorded a pronounced decrease. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of granite building stone to Italy, accounting for a 71% share of total imports. Moreover, granite building stone imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was held by Brazil (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.9% per year) and Brazil (+16.5% per year).

In value terms, India ($X) constituted the largest supplier of granite building stone to Italy, comprising 73% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Brazil, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.3% per year) and Brazil (+5.9% per year).

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Brazil ($X per ton), while the price for Spain ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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