Stone granules and powder market in Greece

Earlier Report Observations

The stone granules and powder market in Greece experienced considerable value appreciation from 2018 to 2024, with the market size in monetary terms expanding from $1.1 million to $13.0 million. This growth was primarily driven by rising raw material and energy costs, which elevated product prices, and a shift in consumer preferences towards higher-value, eco-friendly, and designer stone products. The entry of new specialized players and ongoing activity from state-owned companies further stimulated competition and innovation, while legislative changes focusing on quality certification and labeling introduced stricter standards that influenced market dynamics.

During the COVID-19 pandemic in 2020, the market adapted through enhanced safety protocols and a focus on maintaining production, supported by continued demand from the construction sector. The subsequent recovery in 2021 was bolstered by government investments for market revival, the reopening of major production facilities with improved safety measures, and increased demand for sustainable stone products. These factors led to a peak in physical volume, reaching 1 396 thousand tons in 2021, while the market value continued to climb due to improved supply chains and a consumer shift towards premium materials.

In the following years, stricter environmental regulations and sustained cost pressures influenced production volumes, which fluctuated between 757 thousand tons and 1 396 thousand tons. The market value, however, maintained its upward trajectory, reaching $13.0 million in 2024, reflecting a structural move towards more sustainable and higher-value stone granules and powder products, despite periodic adjustments in physical output.

Production stone granules and powder in Greece

In value, 2017-2020, K $ US

Stone granules and powder production in Greece experienced a two-year period of growth before declining. In 2020, output was valued at 15 636 K $ US, representing a moderate decrease of 3.1% compared to the previous year. Over the period from 2017 to 2020, production increased by 67.5%, which translates to an annualized growth rate of 18.8%. The peak value was recorded in 2019 at 16 141 K $ US, with the largest annual increase of 48.1% also occurring that year.

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

In kind, 2017-2020, K t

In 2020, Greece produced 1 364 K t of stone granules and powder, marking a significant increase of 29.7% compared to the previous year. From 2017 to 2020, production grew by 38.2%, equating to an annualized rate of 11.4%. The largest decline was observed in 2019, with a decrease of 10.8%.

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

Exports stone granules and powder from Greece

Exports in kind, K t

Greece exported 174.4 K t of stone granules and powder in 2020, which represents a 27.8% decrease compared to the previous year. Over the period from 2017 to 2020, exports declined by 38.8%, with a compound annual growth rate (CAGR) of -15.1%. The largest increase occurred in 2019, with a rise of 14.5%.

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

Between 2017 and 2020, Greece's export portfolio for stone granules and powder was diverse. Bulgaria accounted for 15.7% of exports in kind, the Netherlands for 15.0%, and Chile for 14.7%, together making up 45.4% of total exports. Many other countries held smaller but notable shares, contributing to the broad distribution.

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

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

Exports in value, K $ US

Stone granules and powder exports from Greece rose for two years before declining. In 2020, exports reached 9 051 K $ US, down by 19.4% year-over-year. From 2017 to 2020, exports decreased by 8.2%, with an annualized rate of -2.8%. The highest value was recorded in 2019 at 11 230 K $ US, while the largest increase occurred in 2018 with a rise of 7.3%.

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

During 2017–2020, the export landscape in value terms was wide-ranging. Bulgaria contributed 20.9% of exports in value, Algeria 11.4%, and Poland 10.5%, together accounting for 42.9% of total flows. The remaining 57.1% was distributed among numerous other countries, highlighting a diverse partner base.

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

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

Imports stone granules and powder to Greece

Imports in kind, K t

Imports of stone granules and powder into Greece increased for two years before declining. In 2020, imports totaled 3.0 K t, showing a notable decrease of 12.2% compared to the previous year. Over the period from 2017 to 2020, imports grew by 6.2%, with a CAGR of 2.0%. The peak was in 2019 at 3.4 K t, and the largest increase was in 2018 with a rise of 20.4%.

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

From 2017 to 2020, Turkey was the dominant and nearly exclusive source for imports of stone granules and powder into Greece, accounting for 90.6% of total flows.

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

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

Imports in value, K $ US

Imports of stone granules and powder into Greece declined for the second consecutive year. In 2020, import volume totaled 607 K $ US, reflecting a robust reduction of 10.7% compared to the previous year. Between 2017 and 2020, imports increased by 14.9%, with a CAGR of 4.7%. The maximum value was recorded in 2018 at 761 K $ US, which also saw the largest increase of 43.9%.

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

In the period 2017–2020, the import structure in value terms was heavily concentrated on Turkey, which held a share of 87.7% of total flows. Other partners accounted for the remaining volume.

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

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