Decline in Portuguese Natural Stone Exports in 2024 Despite Higher Average Prices

Photo by Mariana Proença on Unsplash
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According to data from Assimagra, the Portuguese stone industry association, Portugal’s exports of natural stones — both raw and finished — experienced a notable decline in 2024, both in value and volume. Total exports reached €470.1 million, marking a 5.4% decrease compared to the previous year.

The drop in volume was even more significant, with exports falling by 9.7% to 1.76 million tons. This imbalance between value and volume led to an increase in the average price of stone products sold abroad, which rose by 4.7% to €267.80 per ton.

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It is worth recalling that 2023 had set a record in export value, with Portuguese stone companies achieving €469.7 million in sales abroad, despite a 5% decline in volume to around 1.94 million tons.

In 2024, the European market remained the primary destination for Portuguese natural stone exports, absorbing €250.1 million worth of products — 53.19% of the total — representing a 7.5% decrease compared to 2023.

France was the top importer, purchasing €103.4 million worth of materials, a 3.3% increase. It was followed by China (€61.6 million, -11.8%), Spain (€51.2 million, -10.7%), the United States (€32.5 million, +2%), Germany (€24.6 million, -11.2%), the United Kingdom (€24.3 million, -5.1%), and Vietnam (€19.7 million, +8.4%).

Despite the general downturn, the increase in the average price per ton suggests a shift towards higher added value — whether through pricing or growing demand for processed and premium-quality materials.

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