Italy: Granite Block Market 2024

Granite Block Market Size in Italy

The Italian granite block market reached $X in 2023, increasing by X% against the previous year. Over the period under review, the total consumption indicated measured growth 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the peak level in 2023 and is likely to see steady growth in the immediate term.

Granite Block Production in Italy

In value terms, granite block production rose markedly to $X in 2023 estimated in export price. Overall, production recorded tangible growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Granite block production peaked in 2023 and is expected to retain growth in the immediate term.

Granite Block Exports

Exports from Italy

In 2023, shipments abroad of granite blocks and slabs decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, granite block exports shrank to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Algeria (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of granite block exports from Italy, together accounting for X% of total exports. Bosnia and Herzegovina, Kosovo, Croatia, Serbia, China, France, Albania, Austria, Poland and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for granite block exported from Italy were Algeria ($X), Germany ($X) and France ($X), together comprising X% of total exports. Bosnia and Herzegovina, Switzerland, China, Austria, Croatia, Poland, Serbia, Albania, Kosovo and Hungary lagged somewhat behind, together accounting for a further X%.

Kosovo, with a CAGR of X%, recorded 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 block export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Block Imports

Imports into Italy

In 2023, purchases abroad of granite blocks and slabs decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2022 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, granite block imports contracted to $X in 2023. Overall, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2022 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Switzerland (X tons) constituted the largest supplier of granite block to Italy, accounting for a X% share of total imports. Moreover, granite block imports from Switzerland exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Switzerland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Turkey (X% per year).

In value terms, the largest granite block suppliers to Italy were Switzerland ($X), South Africa ($X) and Brazil ($X), together accounting for X% of total imports. India, Zimbabwe, Turkey, Albania, Mozambique, China and Sweden lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average granite block import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2023: its price 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, granite block import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform