In 2023, Italy dominated the European sold production of cut stone, with nearly four times the volume of the second-ranked Spain. However, Italy experienced a year-on-year decline of 7.55%. Notably, Norway saw the most significant increase, soaring by 98.68%, whereas Serbia plummeted by nearly 60%. Portugal and Greece experienced modest declines, while the United Kingdom and Finland posted substantial increases of about 6.7% and 10.56%, respectively. Despite Croatia's smaller market size, it showed a promising growth of 5.93%.
Looking forward, industry experts should monitor the potential stabilization in Italy's production, which could hint at a market correction. Factors to watch include geopolitical influences, technological advancements in extraction and cutting processes, and environmental regulations potentially reshaping supply and demand dynamics. Nations like Norway and Croatia, showing recent growth spurts, could become significant players if these trends continue.
Top countries in Sold Production of Cut Stone by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 8,705,900,000 | 2023 | +11.13% | -7.55% | View data |
| 2 | 2 Spain | 2,463,400,000 | 2023 | +0.56% | +1.23% | View data |
| 3 | 3 Germany | 1,242,400,000 | 2023 | -3.71% | -1.77% | View data |
| 4 | 4 Portugal | 1,098,500,000 | 2023 | +0.083% | -1.43% | View data |
| 5 | 5 Croatia | 805,820,000 | 2023 | +6.06% | +5.93% | View data |
| 6 | 6 Poland | 525,920,000 | 2023 | +0.84% | +1.55% | View data |
| 7 | 7 France | 461,410,000 | 2023 | +0.29% | -1.09% | View data |
| 8 | 8 United Kingdom | 393,050,000 | 2023 | +1.25% | +6.7% | View data |
| 9 | 9 Greece | 385,400,000 | 2023 | +3.29% | -1.09% | View data |
| 10 | 10 Finland | 256,270,000 | 2023 | +3.2% | +10.56% | View data |
