Romania: Crude Granite Market 2024

Crude Granite Market Size in Romania

The Romanian crude granite market stood at $X in 2022, surging by 4.2% against the previous year. Over the period under review, consumption showed a buoyant expansion. Crude granite consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Crude Granite Production in Romania

In value terms, crude granite production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a temperate increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 157% against the previous year. Crude granite production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Crude Granite Exports

Exports from Romania

In 2021, shipments abroad of granite (crude) decreased by 0% to X kg, falling for the fourth consecutive year after six years of growth. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by 978% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, crude granite exports amounted to $X in 2021. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of 290%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X kg) was the main destination for crude granite exports from Romania, accounting for a 100% share of total exports. It was followed by Hungary (X kg), with a 0.5% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Italy amounted to -86.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-66.7% per year) and the Netherlands (-64.9% per year).

From 2013 to 2021, the average annual growth rate of value to Italy amounted to -38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-52.3% per year) and the Netherlands (-57.7% per year).

Export Prices by Country

The average crude granite export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2016 an increase of 80%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+342.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into Romania

In 2022, the amount of granite (crude) imported into Romania dropped markedly to X tons, falling by -66.3% on the year before. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2019 when imports increased by 525% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crude granite imports contracted sharply to $X in 2022. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 595%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) was the main supplier of crude granite to Romania, with a 94% share of total imports. It was followed by Hungary (X tons), with a 2.9% share of total imports. The third position in this ranking was held by France (X tons), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-37.9% per year) and France (-33.3% per year).

In value terms, Poland ($X) constituted the largest supplier of granite (crude) to Romania, comprising 95% of total imports. The second position in the ranking was held by France ($X), with a 2.6% share of total imports. It was followed by Hungary, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-34.2% per year) and Hungary (-50.3% per year).

Import Prices by Country

In 2022, the average crude granite import price amounted to $X per ton, surging by 28% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 178% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 France ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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