Granite building stone market in Austria

Earlier Report Observations

The market volume for granite building stone in Austria experienced significant fluctuations between 2020 and 2024. After reaching 456.4 thousand tons in 2020, the market contracted to 396.4 thousand tons in 2022 and further to 276.3 thousand tons in 2023. This period of decline was followed by a recovery in 2024, with volume rising to 322.1 thousand tons. In value terms, the market showed resilience, growing from 9 938 thousand dollars in 2020 to around 14 070 thousand dollars in 2024, indicating a shift towards higher-value products or increased unit prices.

The market downturn in 2023 occurred even as the building and construction segment remained the dominant driver for natural stone, accounting for over 62% of value share, and the Granit Holding Graz proceeded with the construction of a modern office complex in Graz, signaling continued activity in specific projects. The recovery in 2024 was supported by the implementation of the amended Monument Protection Act, which took effect in September 2024 and allocated additional funds for heritage conservation, likely stimulating demand for high-quality natural stone in restoration and new builds. Concurrently, growing consumer preference for sustainable, natural materials like granite and trends toward customized, luxury design solutions provided further momentum for market volume growth.

Production granite building stone in Austria

In value, 2017-2020, K $ US

In 2020, Austria's output of granite building stone was valued at 8 164 K $ US, remaining almost flat compared to 2019. Over the period from 2017 to 2020, production decreased by 54.2%, with a compound annual growth rate of 22.9%.

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

In kind, 2017-2020, K t

In 2020, Austria produced 338.5 K t of granite building stone, showing virtually no change from 2019. From 2017 to 2020, production fell by 63.8%, corresponding to a compound annual growth rate of 28.7%.

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

Exports granite building stone from Austria

Exports in kind, K t

In 2020, Austria's exports of granite building stone totaled 11.6 K t, representing a sharp reduction of 26.2% compared to the previous year. Between 2017 and 2020, exports decreased by 50.9%, equating to an annualized rate of 21.1%. The largest decline occurred in 2018 at 40.1%, while the largest increase was in 2019 at 11.1%.

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

From 2017 to 2020, Germany and Switzerland were the main buyers of granite building stone from Austria, together accounting for 98.7% of total exports in kind.

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

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

Exports in value, K $ US

Austria's cross-border shipments of granite building stone declined for the second consecutive year. In 2020, exports stood at 928 K $ US, indicating a loss of 52.2% compared to the previous year. Between 2017 and 2020, exports decreased by 49.1%, with an annualized rate of 20.2%. The maximum value was recorded in 2018 at 2 526 K $ US, which also saw the largest increase of 38.3%.

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

From 2017 to 2020, the country structure of exports in value terms was highly concentrated, with Germany alone accounting for 91.0% of total flows.

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

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

Imports granite building stone to Austria

Imports in kind, K t

The market exhibited volatility during these years. In 2020, Austria's imports of granite building stone amounted to 129.5 K t, reflecting an increase of 188.7% from a year earlier. The minimum value was recorded in 2018 at 34.2 K t, which also saw the largest decline of 63.9%. Overall, there was a 3.8-fold variation between the maximum in 2020 and the minimum in 2018.

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

Over the period 2017–2020, Czechia, Germany, and Slovakia made the biggest contributions to imports in kind, with shares of 46.4%, 26.2%, and 25.0% respectively, jointly accounting for 97.6% of total flows.

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

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

Imports in value, K $ US

The market showed signs of volatility over the observed period. In 2020, Austria's granite building stone import volume amounted to 2 703 K $ US, marking a moderate improvement of 7.0% year-over-year. The minimum value was recorded in 2018 at 1 343 K $ US, which also saw the largest decline of 8.5%. The largest increase occurred in 2019 at 88.1%. Overall, volumes peaked in 2020 and hit a low in 2018, with a top-to-bottom ratio of 2 times.

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

Throughout 2017–2020, Germany, Italy, and Slovakia remained the key partners in imports in value terms, with shares of 35.8%, 21.4%, and 13.0% respectively, together accounting for 70.2% of total flows.

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

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