Last update: December 2017
Most of the major world economies are doing reasonably well and construction activity is fairly dynamic. However, the granite industry almost everywhere is in serious trouble, having lost a lot of market share this year to artificial stone in several applications and markets. The situation in the marble sector is slightly better, but that is because many companies are in the low priced segment which artificial stone still does not consider interesting enough. The world of beige is suffering from a severe mismatch between supply and demand. The world of grey and white is doing relatively well.
Contradictory signals coming from this most important market. Local quarries are being closed in a big way as a serious cleanup is taking place due to environmental criteria is being strictly enforced. Some marble block exporters are selling more than ever, but most are complaining about a decline in demand.
Currently one of the most economically dynamic region in the world. But still very price sensitive when it comes to placing orders.
Solid economy. Many projects coming into the market. The local industry is doing very well indeed. Biggest problem is shortage of qualified workers.
The construction activity in major cities is dull. Stone companies working well below capacity. But in such a huge country there is always some activity.
The Gulf countries are no longer considered dynamic markets even though there are many projects being implemented, especially in Dubai and Qatar. The cheap Egyptian pound has made its stones extremely competitive.
There is a lot of rehabilitation and renovation work going on in cities like Madrid and Barcelona, on the coast and the Baleares. In the interior there is still no significant increase in demand. However, in many renovation projects artificial stone has replaced natural stone, for now. The stonemasons are doing very well, but that is because they also work with artificial stone. The medium and big sized companies are extremely worried since their share of market is being replaced by artificial stone and suppliers from Portugal.
The construction activity surely cannot get much better. Both the housing and commercial markets are extremely dynamic.Natural stone exporters from other countries have noted a sharp decline in orders from their American buyers since October, but that is mostly due to oversupply and seasonal factors. The American fabricators are having their best Christmas and winter holidays in several years. Natural stone exporters from other countries have noted a sharp decline in orders from their American buyers since October, but that is mostly due to oversupply and seasonal factors. The American fabricators are having their best Christmas and winter holidays in several years.