Portugal’s natural stone industry has long been a cornerstone of its export economy. However, the latest statistics for the first nine months of 2024 reveal a mixed picture. While the industry continues to perform strongly, there have been notable declines in both value and volume compared to the same period in 2023.
Key Figures and Trends
According to data from ASSIMAGRA and the Market Trends Analysis Office of CONFINDUSTRIA MARMOMACCHINE Association, Portugal exported over 352 million euros worth of stone products in the first three quarters of 2024. This represents a total of 1,364,475 tons, marking a -7.44% decline in value and a -9.91% drop in quantity compared to the same period in 2023.
On a positive note, the average price per ton rose to 258.54 euros, reflecting an increase of 2.74%. This suggests a shift toward higher-value exports or an adjustment in pricing strategies.
Comparative Pricing in the Global Market
Portugal’s natural stone industry remains competitive on the international stage. For reference, the “final” average price per ton of natural stone exported by leading countries in 2023 was:
- India: USD 158.89/ton
- Portugal: USD 283.76/ton
- Turkey: USD 307.04/ton
- Spain: USD 508.01/ton
- Brazil: USD 610.37/ton
- China: USD 815.56/ton
- Italy: USD 1,092.74/ton
This pricing highlights Portugal’s position as a high-quality yet relatively affordable producer, balancing value and cost.
Regional Export Insights
The European market remains Portugal’s largest export destination, accounting for 53.8% of total exports. However, this segment experienced a -10.22% decline. Exports to non-European markets also dropped by -9.51%, though they still make up 47% of total exports.
Top Destination Countries
- France: Demonstrated growth, with exports increasing by +7.55%, reaffirming its status as Portugal’s largest importer of natural stone.
- China: Experienced a significant drop of -11.76%.
- Spain: Also saw a decline, with a reduction of -10.54%.
Conclusion
Despite the challenges faced in 2024, including reductions in both value and volume, Portugal’s natural stone industry continues to hold its ground in global markets. The rise in average price per ton reflects a potential focus on quality and premium offerings, which could strengthen its competitive position in the years to come.
As the industry moves forward, targeting growth in emerging markets and further optimizing value chains will be crucial for sustaining long-term success.
Source: ASSIMAGRA and Markets Trends Analysis Office of CONFINDUSTRIA MARMOMACCHINE Association