EU: Market for Porphyry, Basalt and Quartzites 2024

Market Size for Porphyry, Basalt and Quartzites in the EU

The EU porphyry, basalt and quartzites market expanded slightly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Porphyry, Basalt and Quartzites in the EU

In value terms, porphyry, basalt and quartzites production rose significantly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Porphyry, Basalt and Quartzites

Exports in the EU

In 2023, the amount of porphyry, basalt and quartzites exported in the European Union fell to X tons, waning by X% on the year before. Total exports indicated slight growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, porphyry, basalt and quartzites exports skyrocketed to $X in 2023. Overall, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Germany was the largest exporting country with an export of about X tons, which amounted to X% of total exports. Slovakia (X tons) held the second position in the ranking, distantly followed by Italy (X tons), Austria (X tons) and Spain (X tons). All these countries together took approx. X% share of total exports. Portugal (X tons) and Poland (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest porphyry, basalt and quartzites supplying countries in the European Union were Slovakia ($X), Italy ($X) and Spain ($X), together comprising X% of total exports.

In terms of the main exporting countries, Slovakia, with a CAGR of X%, saw the highest growth rate of 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 export price in the European Union stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price saw a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Imports of Porphyry, Basalt and Quartzites

Imports in the EU

In 2023, the amount of porphyry, basalt and quartzites imported in the European Union soared to X tons, picking up by X% compared with 2022 figures. Total imports indicated measured growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, porphyry, basalt and quartzites imports fell to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Poland (X tons) was the main importer of porphyry, basalt and quartzites, mixing up X% of total imports. Lithuania (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), the Netherlands (X%), Sweden (X%) and Italy (X%). Germany (X tons) held a little share of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Lithuania (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Sweden and France experienced a relatively flat trend pattern. By contrast, Italy (X%) and Germany (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Lithuania (X p.p.) significantly strengthened its position in terms of the total imports, while Sweden, Italy, Germany and France saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X), the Netherlands ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of 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

The import price in the European Union stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then reduced remarkably in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform