Moralemeter

By Anil Taneja,

anil.litosweb@gmail.com

 


World, February 21, 2024

It has been a very slow season during the last two months in the industry. The Red Sea turbulence is not making things easier.

 

Brazil, February 21, 2024

A slow start to the year but orders from USA and elsewhere are beginning to come in. Closer collaborations with interior designers is a very positive trend in the local market.

 

China, February 21, 2024

 

Morale (and some business) always picks up soon after the start of the Chinese New Year.

 

Far East, February 21, 2024

Many companies in the Far East countries are returning to China for their stone supplies. Indonesia and South Korea are the more dynamic markets. Vietnam stone industry is struggling, a problem of oversupply.

 

India, February 21, 2024

The stone industry in the North are extremely positive, with new quarries being opened in the state of Rajasthan all the time and investments in new processing units. The exporters of blocks and of semi-finished stone from the South are really struggling.

 

Latin America, February 21, 2024

Demand is steady in many countries. Mexican market is picking up.

 

Middle East and North Africa, February 21, 2024

Construction activity is now strong in the energy rich countries of the Gulf region. But the mass market is very price sensitive.

 

New Central/East EU Countries, February 21, 2024

The Polish market remains in the dumps but is likely to pick up soon. Other countries in the region are stable but they have also noted a slowdown in activity.

 

U.S.A., February 21, 2024

The market is showing signs of a pickup in demand very soon. Interest rates are likely to decline somewhat in the months ahead. There is real demand in housing, both new and in renovation. With luck we could see a good period soon. Cross your fingers!

 

 

Western Europe,  February 21, 2024

 

Extremely slow start to the year. A cold winter does not help.