July 1, 2010
/ Print / Reprints /
/ Text Size+

A major new study produced for the Marble Institute of America (MIA) takes an intimate 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 Hudson Economics Group, Ltd. (HEG), 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.

“This new study, called the 2010 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 said. The survey, based on hundreds of personal interviews, is now available from MIA for $500 per copy.

“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 investment.

“Those days have come and gone,” the survey summary states. “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 Yuan 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,” and 18.3% rated them as “good.”

A majority (62.5%) of North American respondents said they would be investing in their companies in 2010. Almost a third said they were unsure about the investments, and 21.7% said they would be buying equipment. Roughly that same percentage of one out of five 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 survey said.

The survey can be ordered online at or by calling MIA at 440-250-9222.

Did you enjoy this article? Click here to subscribe to Stone World 

You must login or register in order to post a comment.



Image Galleries

November 2013 Stone Products Gallery

Take a look at some of the latest stone industry products.


Stone World Magazine

April 2014 stone world cover

2014 April

In this month's issue of Stone World, check out an extensive preview of Coverings 2014, which will be celebrating its 25th anniversary in April. Also learn more about various types of limestone that were used to build private residences.

Table Of Contents Subscribe

Contemporary Stone & Tile Design Magazine


2014 Spring

This issue of Contemporary Stone & Tile Design includes our annual focus on Kitchen and Bath design

Table Of Contents Subscribe

Training Program

How formal is your training program for new employees?
View Results Poll Archive

The Stone World Store

How to Polish & Restore Marble Flooring

This video will show you step-by-step how to resurface and polish marble flooring from grinding and removing lippage and scratches to achieving a highly reflective polish.

More Products

Italian Trade Commission Coverings exhibitor preview

Italian Trade Commission logo 2

The Italian Trade Commission is presenting a large group of the most innovative and internationally renowned Italian suppliers of dimensional natural stones. We hope your busy schedule will allow you to join us for a “genuine” espresso in booth N. 4045 and explore the exciting Italian natural stone resources offered by our exhibitors. Check out Italian stone producers exhibiting at Coverings 2014 here!


Stone Industry Education

stone industry educationStone Industry Education is sponsored by Stone World Magazine and Marble Institute of America. The SIE events will help you: strengthen your skills, build your business, and  increase profit in your shop.  Check out to register for upcoming fabricator and installer seminars.


facebook logo Twitter  YouTube