Portugal: Granite Building Stone Market 2024

Granite Building Stone Market Size in Portugal

In 2021, the Portuguese granite building stone market decreased by -75.6% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption faced a abrupt slump. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Granite Building Stone Production in Portugal

In value terms, granite building stone production dropped dramatically to $X in 2021 estimated in export price. Overall, production showed a pronounced setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. Granite building stone production peaked at $X in 2020, and then dropped significantly in the following year.

Granite Building Stone Exports

Exports from Portugal

In 2021, the amount of granite building stone exported from Portugal soared to X tons, increasing by 42% on 2020. Overall, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, granite building stone exports surged to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons), France (X tons) and Germany (X tons) were the main destinations of granite building stone exports from Portugal, together comprising 57% of total exports. These countries were followed by the UK, Poland, Norway, Luxembourg, Switzerland, Ireland, the Netherlands, Belgium, Morocco and Angola, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite building stone exported from Portugal were France ($X), Spain ($X) and Germany ($X), with a combined 56% share of total exports. These countries were followed by the Netherlands, the UK, Belgium, Poland, Switzerland, Luxembourg, Ireland, Norway, Morocco and Angola, which together accounted for a further 35%.

Poland, with a CAGR of +31.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, waning by -9% against the previous year. In general, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 an increase of 13%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Norway ($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 Norway (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Building Stone Imports

Imports into Portugal

In 2021, purchases abroad of granite building stone decreased by -3.3% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 52% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, granite building stone imports rose modestly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest granite building stone supplier to Portugal, accounting for a 72% share of total imports. Moreover, granite building stone imports from Spain exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.8% per year) and the Netherlands (+10.5% per year).

In value terms, Spain ($X) constituted the largest supplier of granite building stone to Portugal, comprising 65% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.1% per year) and the Netherlands (+3.6% per year).

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, with an increase of 7.2% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 14%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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