From 2014 to 2023, the European export of natural stone setts, kerbstones, and flagstones demonstrated significant fluctuations. In 2023, the volume stood at 495.71 million kilograms. The year-on-year variation for 2023 was 18.37%, indicating a brief uptick after consecutive declines in the previous years, such as a 37.75% drop in 2022. The five-year CAGR leading up to 2023 was -6.09%, revealing an overall contraction trend.
Looking at the forecasted data from 2024 to 2028, a continual decline is anticipated. By 2028, the volume is projected to drop to 158.82 million kilograms, with a forecasted five-year CAGR of -17.95%, implying a significant reduction of 62.8% from 2023 levels.
Future trends to watch for include potential impacts from changes in construction demand in Europe, advancements in alternative materials for paving and landscaping, and any economic or regulatory shifts that could affect the natural stone market.
