Denmark: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Denmark

The Danish natural stone sett market expanded modestly to $X in 2022, growing by 3% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Natural stone sett consumption peaked in 2022 and is expected to retain growth in the near future.

Natural Stone Sett Production in Denmark

In value terms, natural stone sett production dropped to $X in 2022 estimated in export price. Overall, production faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Natural Stone Sett Exports

Exports from Denmark

After four years of decline, overseas shipments of natural stone setts, kerbstones and flagstones increased by 27% to X tons in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 215%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports skyrocketed to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2015 when exports increased by 199% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for natural stone sett exports from Denmark, accounting for a 68% share of total exports. Moreover, natural stone sett exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Finland (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +69.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+87.5% per year) and Finland (+32.6% per year).

In value terms, Sweden ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Denmark, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 26% share of total exports. It was followed by Finland, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +94.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+119.4% per year) and Finland (+31.5% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 46%. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($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 UK (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into Denmark

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones decreased by -0.2% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, natural stone sett imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 58%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Portugal (X tons), Germany (X tons) and China (X tons) were the main suppliers of natural stone sett imports to Denmark, together comprising 74% of total imports. India, Sweden and Belgium lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +63.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest natural stone sett suppliers to Denmark were China ($X), Germany ($X) and Portugal ($X), with a combined 61% share of total imports. India, Sweden and Belgium lagged somewhat behind, together accounting for a further 26%.

Belgium, with a CAGR of +72.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, growing by 6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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