Benelux: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Benelux

The Benelux market for granules, chippings and powder of monumental stone was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a slight downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Granules, Chippings And Powder Of Monumental Stone in Benelux

In value terms, monumental stone granules and powder production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 42%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Benelux

In 2021, overseas shipments of granules, chippings and powder of monumental stone were finally on the rise to reach X tons after two years of decline. In general, exports posted resilient growth. The growth pace was the most rapid in 2016 when exports increased by 150%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports expanded remarkably to $X in 2021. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 79%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Belgium (X tons) represented the key exporter of granules, chippings and powder of monumental stone, constituting 88% of total exports. It was distantly followed by the Netherlands (X tons), achieving an 11% share of total exports.

Belgium was also the fastest-growing in terms of the granules, chippings and powder of monumental stone exports, with a CAGR of +30.3% from 2012 to 2021. The Netherlands experienced a relatively flat trend pattern. From 2012 to 2021, the share of Belgium increased by +51 percentage points.

In value terms, Belgium ($X) remains the largest monumental stone granules and powder supplier in Benelux, comprising 67% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 33% share of total exports.

In Belgium, monumental stone granules and powder exports expanded at an average annual rate of +14.5% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, falling by -4.9% against the previous year. Overall, the export price showed a pronounced reduction. The growth pace was the most rapid in 2013 an increase of 10% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%).

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in Benelux

In 2021, supplies from abroad of granules, chippings and powder of monumental stone decreased by -18.3% to X tons for the first time since 2017, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 30%. The volume of import peaked at X tons in 2020, and then reduced sharply in the following year.

In value terms, monumental stone granules and powder imports contracted to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 29% against the previous year. The level of import peaked at $X in 2020, and then reduced slightly in the following year.

Imports by Country

In 2021, the Netherlands (X tons) was the largest importer of granules, chippings and powder of monumental stone, committing 68% of total imports. It was distantly followed by Belgium (X tons) and Luxembourg (X tons), together making up a 32% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to monumental stone granules and powder imports into the Netherlands stood at +4.0%. At the same time, Luxembourg (+11.7%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +11.7% from 2012-2021. By contrast, Belgium (-6.5%) illustrated a downward trend over the same period. While the share of the Netherlands (+14 p.p.) and Luxembourg (+7.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-20.9 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Benelux, comprising 76% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to +7.4%. In the other countries, the average annual rates were as follows: Belgium (-3.3% per year) and Luxembourg (+8.8% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, growing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform