By Anil Taneja,
World, July 2, 2025
Uncertainty, not just related to the tariffs to be imposed by US, but also weak economic growth almost everywhere, now consider the huge oversupply of slabs, means the mood is not good even during the months which are considered to be the peak season for business.
Brazil, July 15, 2025
The 50% tariffs announced by the US government on Brazilian exports has been like an earthquake for the local industry. Overnight orders from USA (its main market for processed stone) have been put on hold. For now, there is little clarity on the way forward.
Central / East Europe,, July 2, 2025
The bright spot is eastern EU countries where the business mood is upbeat. The stone industry in Poland is doing well but there is a shortage of workers. Other countries continue to be stable markets.
China, July 2, 2025
A very difficult situation for the traditional stone companies which are facing severe price pressures even by Chinese standards of ruthless competition. But many stone companies are now focusing on high design component in their offerings and on furniture in natural stone. There seems to be a general feeling that Chinese machinery manufacturers have caught up with the Italians in technology, but there are simply not enough investments currently taking place anywhere.
Far East, July 2, 2025
The East Asian countries economies are noting the effect of the slowdown in China and the huge oversupply of stone of all varieties. Indonesia is doing well.
India, July 2, 2025
The local market looks solid. Those companies working with local materials and selling in the local market are doing very well. Those working with imported blocks are not doing badly even though they are complaining. The companies which are export focused, are struggling.
Latin America, July 2, 2025
México is a fairly dynamic market. Other countries are doing reasonably well.
Middle East and North Africa, July 2, 2025
There are several big size projects going on in the Gulf countries, especially in Saudi Arabia and the Emirates. But not everyone is able to sell in these markets.The North African countries are positioned in the low priced segment, which is never a good place to be in.
U.S.A., July 15, 2025
The unexpectedly high tariffs announced by the US government on imports from suppliers like EU, Brazil, Mexico has created tremendous uncertainty among distributors. Most think that raising prices is not viable. For now, many purchase orders have been paralysed, it is currently a wait and see situation.
Western Europe, July 2, 2025
This is being a year of weak demand, and the severe shortage of skilled workers only makes everything worse. South Europe is in a better situation.
