Portugal: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Portugal

In 2022, the Portuguese natural stone sett market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a buoyant expansion. Natural stone sett consumption peaked at $X in 2021, and then contracted in the following year.

Natural Stone Sett Production in Portugal

In value terms, natural stone sett production declined to $X in 2022 estimated in export price. Overall, production, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

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Natural Stone Sett Exports

Exports from Portugal

In 2022, the amount of natural stone setts, kerbstones and flagstones exported from Portugal fell slightly to X tons, approximately reflecting the previous year. Overall, exports saw a mild decline. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports rose rapidly to $X in 2022. In general, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of natural stone sett exports from Portugal, with a combined X% share of total exports. Denmark, Luxembourg, the UK, Norway, Spain, Ireland, the Netherlands, Belgium, Estonia and Morocco lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), Germany ($X) and Sweden ($X) appeared to be the largest markets for natural stone sett exported from Portugal worldwide, with a combined X% share of total exports. The UK, Denmark, Ireland, Luxembourg, Spain, Norway, Belgium, Morocco, the Netherlands and Estonia lagged somewhat behind, together comprising a further X%.

Morocco, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average natural stone sett export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (X%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into Portugal

In 2022, after two years of decline, there was significant growth in supplies from abroad of natural stone setts, kerbstones and flagstones, when their volume increased by X% to X tons. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, natural stone sett imports contracted notably to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Angola (X tons), Peru (X tons) and Spain (X tons) were the main suppliers of natural stone sett imports to Portugal, with a combined X% share of total imports. Indonesia, Brazil and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest natural stone sett suppliers to Portugal were Spain ($X), Peru ($X) and Angola ($X), with a combined X% share of total imports. China, Indonesia and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Indonesia, with a CAGR of X%, 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 average natural stone sett import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a 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 China ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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