Denmark: Crude Granite Market 2024

Crude Granite Market Size in Denmark

The Danish crude granite market declined remarkably to $X in 2022, dropping by -50.8% against the previous year. Overall, consumption, however, showed measured growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Crude Granite Production in Denmark

In value terms, crude granite production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 725%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Crude Granite Exports

Exports from Denmark

In 2022, the amount of granite (crude) exported from Denmark contracted markedly to X tons, declining by -80.3% compared with 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 1,304% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, crude granite exports reduced rapidly to $X in 2022. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2017 with an increase of 1,211% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of crude granite exports from Denmark, together accounting for 96% of total exports. These countries were followed by Norway, which accounted for a further 3.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +47.5%), while the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) emerged as the key foreign market for granite (crude) exports from Denmark, comprising 68% of total exports. The second position in the ranking was taken by Germany ($X), with a 19% share of total exports. It was followed by Sweden, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-24.3% per year) and Sweden (-2.3% per year).

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, surging by 108% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 315%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Granite Imports

Imports into Denmark

In 2022, the amount of granite (crude) imported into Denmark declined dramatically to X tons, reducing by -43.2% against the previous year. Overall, imports, however, continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2020 when imports increased by 172% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crude granite imports contracted sharply to $X in 2022. Over the period under review, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2020 when imports increased by 266% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of crude granite to Denmark, accounting for a 74% share of total imports. Moreover, crude granite imports from Sweden exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to +10.7%.

In value terms, the largest crude granite suppliers to Denmark were Sweden ($X) and Norway ($X).

Norway, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average crude granite import price stood at $X per ton in 2022, with a decrease of -16.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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