Published in August, 2018
Those who are currently doing well or relatively well.
- Most US fabricators.
- Most wholesalers who have incorporated artificial stone in their product mix in a big way.
- The mining industry in Carrara
- Many companies specialised only in white limestone or granite and no other colours.
- Companies specialised in the funerary monument industry.
- Almost the entire Polish stone industry.
- Almost the entire stone industry in Central and Eastern Europe.
- Companies dealing with pavestones in Russia, be they quarry owners or manufacturers.
- Many companies specialised in non standard products and also diversified in markets.
- Those companies specialised in the craftsmanship segment of the market.
- Small companies in India working in local market not focused on the upmarket segment.
- Quarry owners of exotic materials.
- Many companies working with small quarries of somewhat exclusive or special stones
- Companies which have always focused on the premium segment of the market but with a consistent emphasis on quality AND on reaching the end customer.
- Those retailers of natural stone which have understood that a luxury experience is an intrinsic part of a luxury product and have organised their showrooms reflecting this philosophy.
- Chinese stone suppliers which have diversified into the home decoration segment in Chinese market.
- The shameless people who do not pay their suppliers but always find another sucker trying to sell to them.(Reliable sources insist there is a special place in hell reserved for them).
- Some companies with excellent political contacts in the Middle East (also applicable to many other countries).
- Companies which have realised they need to specialise in those applications of Natural Stone which cannot be done by artificial stone.
- The few companies which have (quietly) diversified into furniture or other new applications.
- A large part of the stone industry in South East Asia.
Who is not doing well in 2018?
- Most of the granite slab producing countries all over the world.( That makes it a LOT of companies, a very significant part of the natural stone industry).
- Most of the industry revolving around standard beige limestone- be they blocks, slabs, tiles.
- Those who think they just have to be patient and do nothing different or new because the good times will be back sooner or later.
- Brazilian companies focused on the local market.
- Those who think reducing their price and/or giving extended payment terms to buyers is the only way to do business when selling is a struggle.(That accounts for a LARGE majority of the industry people and companies).
- A very large number of companies whose only market has been the Middle East.
- Most Turkish processing factories.
- Many quarry companies of dark coloured materials.
- Most stone companies who still have a B to B approach to their business and have little knowledge of what the end customer is looking for.
- Those companies whose product range has a large number of companies offering exactly same products and are not able to differentiate themselves from the rest.
- Those who have still not understood that materials like quartz and the new generation of porcelain tiles and slabs are now going to be a fixed part of the competitive landscape and which will continue to make inroads in applications previously almost exclusive to natural stone.