Global Natural Stone Sett Market 2024

Natural Stone Sett Market Size

The global natural stone sett market soared to $X in 2022, with an increase of X% against the previous year. Overall, the total consumption indicated prominent growth 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, consumption increased by X% against 2012 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Natural Stone Sett Production

In value terms, natural stone sett production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Natural Stone Sett Exports

Exports

In 2022, overseas shipments of natural stone setts, kerbstones and flagstones increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural stone sett exports declined to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X tons, which accounted for X% of total exports. Portugal (X tons) ranks second in terms of the total exports with a X% share, followed by China (X%), Germany (X%), Turkey (X%), Vietnam (X%) and Belgium (X%). The following exporters - Italy (X tons), the Netherlands (X tons), Spain (X tons), Poland (X tons), India (X tons) and Tunisia (X tons) - together made up X% of total exports.

The United Arab Emirates was also the fastest-growing in terms of the natural stone setts, kerbstones and flagstones exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Turkey (X%), Spain (X%), Tunisia (X%), the Netherlands (X%), Poland (X%) and Germany (X%) displayed positive paces of growth. Vietnam and Italy experienced a relatively flat trend pattern. By contrast, Belgium (X%), Portugal (X%) and China (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Turkey (X p.p.), Germany (X p.p.), Portugal (X p.p.), Spain (X p.p.), India (X p.p.), the Netherlands (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest natural stone sett supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Portugal ($X), with an X% share of global exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Portugal (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The global export price peaked at $X per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the United Arab Emirates ($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 other global leaders experienced more modest paces of growth.

Natural Stone Sett Imports

Imports

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, natural stone sett imports contracted to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

Afghanistan was the key importing country with an import of around X tons, which reached X% of total imports. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%) and the United States (X%). France (X tons), Kuwait (X tons), Belgium (X tons), the UK (X tons), Australia (X tons), the Netherlands (X tons), Switzerland (X tons) and Norway (X tons) followed a long way behind the leaders.

Imports into Afghanistan increased at an average annual rate of X% from 2012 to 2022. At the same time, the United States (X%), South Korea (X%), Australia (X%) and the UK (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. The Netherlands and Norway experienced a relatively flat trend pattern. By contrast, Switzerland (X%), Germany (X%), France (X%), Belgium (X%) and Kuwait (X%) illustrated a downward trend over the same period. Afghanistan (X p.p.), the United States (X p.p.), South Korea (X p.p.), Kuwait (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the global imports, while France, Belgium and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), the United States ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of global imports.

Among the main importing countries, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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