Denmark: Granite Block Market 2024

Granite Block Market Size in Denmark

In 2022, after four years of growth, there was significant decline in the Danish granite block market, when its value decreased by -19.8% to $X. In general, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank notably in the following year.

Granite Block Production in Denmark

In value terms, granite block production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Granite Block Exports

Exports from Denmark

In 2022, shipments abroad of granite blocks and slabs decreased by -14.9% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 101% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, granite block exports contracted notably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

Sweden (X tons) was the main destination for granite block exports from Denmark, accounting for a 96% share of total exports. Moreover, granite block exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +13.7%.

In value terms, Sweden ($X) remains the key foreign market for granite blocks and slabs exports from Denmark, comprising 95% of total exports. The second position in the ranking was taken by Norway ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +6.3%.

Export Prices by Country

In 2022, the average granite block export price amounted to $X per ton, dropping by -3.3% against the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Norway stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+32.3%), while the prices for the other major destinations experienced a decline.

Granite Block Imports

Imports into Denmark

In 2022, after two years of growth, there was significant decline in purchases abroad of granite blocks and slabs, when their volume decreased by -27.8% to X tons. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 411% against the previous year. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, granite block imports dropped significantly to $X in 2022. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 461%. Over the period under review, imports hit record highs at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of granite block to Denmark, with a 88% share of total imports. Moreover, granite block imports from Sweden exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.6% per year) and Italy (+47.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of granite blocks and slabs to Denmark, comprising 70% of total imports. The second position in the ranking was held by Italy ($X), with a 25% share of total imports. It was followed by Norway, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from Sweden totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+53.5% per year) and Norway (+2.0% per year).

Import Prices by Country

In 2022, the average granite block import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 56%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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