A new study produced for the Marble Institute of America (MIA) takes a look at how the international natural stone industry will fare over the next five years, including potential trends in mergers and acquisitions, growth potential , capital spending, the perception of U.S trade policies, and more.
Conducted and compiled for MIA by
the HEG (Hudson Economics Group, Ltd.), this important new study follows
another major industry study conducted five years ago, also by HEG, said Gary
Distelhorst, executive vice president and ceo of MIA, one of the world’s
leading resources for information on the natural stone industry.
“This new study, called the2010 Survey of the Natural Stone Industry,
can be a powerful resource for quarriers, distributors and fabricators as they
ponder future directions of the business,” Distelhorst explained. The survey,
based on hundreds of personal interviews, is now available from MIA for $500
”One of the most compelling things
about the study is the diversity of opinion on U.S. trade policy around the
world,” said Lloyd Henry of the Hudson Economic Group. “It is also interesting
to note the number of companies which are planning to spend capital in this
year and the next five years.”
“Obviously, the dynamics of the
global stone industry have changed over the past five years, especially with
China emerging as a major player in the stone supply arena,” Distelhorst said.
Five years ago, he noted, the survey
pointed to the Euro as a currency that offered hopes for a quick return on
“Those days have come and gone,” the
survey summary says. “The Euro is in trouble, in the short term. However, it
seems as though the dollar is still holding its own, when measured against the
other currency values.”
The summary cautions that the
Chinese Juan may soon start escalating in value, thereby making purchases from
China more expensive. The possibility bears watching.
With currency values always changing
and the industry heavily based on foreign imports of stone, the summary
suggests that it may make sense for stone industry companies to actually
develop policies on stone in relation to currency values, which could give
companies a competitive advantage.
The survey focused on respondents in
Asia, Central America and the Caribbean, Europe, North America and South
America and there are sections on each of the geographic areas.
In North America, for instance,
almost 55% of the respondents said they were affected by currency exchange
rates, while 58.3% said that American trade policies were “average” an 18.3% rated
them as “good.”
A majority (62.5%) of North American
respondents said they would be investing in the companies in 2010. Almost a
third said they were unsure about the investments, by 21.7% said they would be
buying equipment and roughly the same percentage listed potential investments
in property and human resources.
“There are a lot of people planning
to spend this year, which may indicate the recovery for the industry,” the
The survey can be ordered online athereor by calling MIA at
New study reveals upcoming stone industry trends
June 16, 2010