Crude or roughly trimmed granite market in Spain

Earlier Report Observations

The Spanish market for crude granite began the period with concerns over the potential closure of strategic industrial facilities, which created uncertainty for domestic production. The COVID-19 pandemic in 2020 significantly reduced demand and industrial activity, leading to a drop in market volume to 844 000 t. A recovery followed in 2021, supported by an increase in foreign direct investment into Spanish industry and a notable rise in the production and export of raw granite.

Regulatory reforms aimed at improving the business environment, notably Law 18/2022 on business creation and growth, facilitated economic activity and contributed to market expansion in 2022. The subsequent contraction in 2023, when market volume fell to 997 000 t, coincided with a 2.9% decline in cement consumption—a key indicator of construction sector weakness—and ongoing difficulties in the international natural stone market.

In 2024, a rebound in cement consumption signaled a recovery in construction, driving the physical market volume back up to 1 090 000 t. This growth occurred alongside a continued structural shift within the industry, characterized by rising exports of raw granite rather than finished products, which affected the market's value dynamics.

Production crude or roughly trimmed granite in Spain

In value, 2017-2020, K $ US

Spain's production of crude or roughly trimmed granite declined for the second consecutive year. In 2020, output was valued at 62 576 K $ US, marking a limited decrease of 6.2% from the previous year. Over the period from 2017 to 2020, production decreased by 3.8%, with a compound annual growth rate of 1.3%. The maximum value was recorded in 2018 at 71 126 K $ US. The largest decline occurred in 2019, with a drop of 6.2%, while the largest increase was in 2018, at 9.3%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, K t

Spain's production volume of crude or roughly trimmed granite declined for the second consecutive year. In 2020, 706.5 K t were produced, which is 1.8% lower than the previous year. From 2017 to 2020, production increased by 4.4%, with a compound annual growth rate of 1.5%. The maximum volume was recorded in 2018 at 749.4 K t. The largest decline occurred in 2019, with a drop of 4.0%, while the largest increase was in 2018, at 10.8%.

Annual dynamics of production in Spain in kind, 2017-2020, K t

Exports crude or roughly trimmed granite from Spain

Exports in kind, K t

In 2020, Spain's export volume of crude or roughly trimmed granite was recorded at 203.5 K t, which is 42.7% higher than the previous year. Between 2017 and 2020, exports increased by 47.3%, equating to an annualized rate of 13.8%. The largest decline was recorded in 2019, with a drop of 12.2%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K t

From 2017 to 2020, the main destinations for Spain's exports of crude or roughly trimmed granite in kind were Portugal, accounting for 55.3% of exports, Italy at 9.7%, and Tunisia at 6.2%. Together, these three countries represented 71.3% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

In 2020, Spain exported 23 705 K $ US of crude or roughly trimmed granite, indicating a sharp advance of 26.8% compared to 2019. Over the period from 2017 to 2020, exports increased by 41.6%, with a compound annual growth rate of 12.3%. The largest decline was recorded in 2019, with a drop of 3.1%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

From 2017 to 2020, the three main markets for Spain's exports of crude or roughly trimmed granite in value terms were Portugal, France, and Italy, which together absorbed 77.3% of total exports.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports crude or roughly trimmed granite to Spain

Imports in kind, K t

After a two-year drop, Spain's imports of crude or roughly trimmed granite increased. In 2020, Spain imported a total of 340.7 K t, up by 2.7% over the previous year. Over the period from 2017 to 2020, imports decreased by 3.3%, with a compound annual growth rate of 1.1%. The minimum value was recorded in 2019 at 331.7 K t, and the largest decline occurred in 2018, with a drop of 3.1%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K t

From 2017 to 2020, the main sources for Spain's imports of crude or roughly trimmed granite in kind were Portugal, accounting for 67.3% of imports, Angola at 7.8%, and Mozambique at 7.1%. Together, these three countries represented 82.3% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

Spain's import volume of crude or roughly trimmed granite declined for the second consecutive year. In 2020, 45 067 K $ US was imported, showing a slight decline of 1.9% relative to the prior year. Over the period from 2017 to 2020, imports decreased by 13.5%, with a compound annual growth rate of 4.7%. The maximum value was recorded in 2018 at 53 292 K $ US. The largest decline occurred in 2019, with a drop of 13.8%, while the largest increase was in 2018, at 2.3%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

From 2017 to 2020, the main destinations for Spain's imports of crude or roughly trimmed granite in value terms were Portugal, accounting for 32.3% of imports, Mozambique at 16.7%, and Norway at 11.4%. Together, these three countries accounted for 60.4% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020