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

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

For the third year in a row, the Finnish market for granules, chippings and powder of monumental stone recorded growth in sales value, which increased by 9% to $X in 2021. Overall, consumption continues to indicate a remarkable increase. Monumental stone granules and powder consumption peaked in 2021 and is likely to continue growth in the immediate term.

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

In value terms, monumental stone granules and powder production expanded slightly to $X in 2021 estimated in export price. In general, production, however, saw a slight contraction. The growth pace was the most rapid in 2016 with an increase of 168%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Finland

In 2021, overseas shipments of granules, chippings and powder of monumental stone increased by 24% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,184%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 744% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for monumental stone granules and powder exports from Finland, accounting for a 87% share of total exports. Moreover, monumental stone granules and powder exports to Estonia exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The third position in this ranking was held by Denmark (X tons), with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia amounted to +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+24.8% per year) and Denmark (-40.5% per year).

In value terms, Estonia ($X) remains the key foreign market for granules, chippings and powder of monumental stone exports from Finland, comprising 79% of total exports. The second position in the ranking was taken by Sweden ($X), with a 13% share of total exports. It was followed by Denmark, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to Estonia stood at +47.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+30.0% per year) and Denmark (-36.3% per year).

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, growing by 7.9% against the previous year. Overall, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+71.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Finland

In 2021, supplies from abroad of granules, chippings and powder of monumental stone was finally on the rise to reach X tons after three years of decline. Overall, imports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 783%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, monumental stone granules and powder imports contracted to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 343%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Norway (X tons) was the main monumental stone granules and powder supplier to Finland, accounting for a 91% share of total imports. Moreover, monumental stone granules and powder imports from Norway exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume from Norway amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.1% per year) and Sweden (-5.9% per year).

In value terms, Norway ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to Finland, comprising 66% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Sweden, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.4% per year) and Sweden (-0.2% per year).

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, with a decrease of -16.9% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 87% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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