Iceland: Market for Granite, Sandstone And Other Building Stone 2019

Market Size for Granite, Sandstone And Other Building Stone in Iceland

The revenue of the market for granite, sandstone and other building stone in Iceland amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, consumption of granite, sandstone and other building stone continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the market value increased by X% against the previous year. Iceland consumption of granite, sandstone and other building stone peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Production of Granite, Sandstone And Other Building Stone in Iceland

In value terms, production of granite, sandstone and other building stone stood at $X in 2018 estimated in export prices. Overall, production of granite, sandstone and other building stone continues to indicate a slight downturn. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. In that year, production of granite, sandstone and other building stone reached its peak level of $X. From 2012 to 2018, production of granite, sandstone and other building stone growth remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Iceland

Exports of granite, sandstone and other building stone from Iceland totaled X tons in 2018, coming down by -X% against the previous year. Over the period under review, exports of granite, sandstone and other building stone continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. In that year, exports of granite, sandstone and other building stone attained their peak of X tons, and then declined slightly in the following year.

In value terms, exports of granite, sandstone and other building stone totaled $X in 2018. Overall, exports of granite, sandstone and other building stone continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, exports of granite, sandstone and other building stone reached their peak of $X, and then declined slightly in the following year.

Exports by Country

India represented the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Indonesia (X tons), Norway (X tons), Brazil (X tons) and China (X tons), together committing a X% share of total exports. Sweden (X tons), South Africa (X tons), Portugal (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +X% from 2007 to 2018. At the same time, Sweden (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Brazil (-X%), Spain (-X%), China (-X%), Norway (-X%), Indonesia (-X%) and Portugal (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) and Sweden (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Portugal (-X p.p.), China (-X p.p.), Norway (-X p.p.) and Indonesia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest granite, sandstone and other building stone supplier from Iceland, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Norway, with a X% share.

In India, exports of granite, sandstone and other building stone increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (-X% per year) and Norway (-X% per year).

Export Prices by Country

In 2018, the export price for granite, sandstone and other building stone in Iceland amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price for granite, sandstone and other building stone continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Over the period under review, the export prices for granite, sandstone and other building stone reached their peak figure at $X per ton in 2016; however, from 2017 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Brazil ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Norway, while the other leaders experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Iceland

Imports of granite, sandstone and other building stone into Iceland amounted to X tons in 2018, picking up by X% against the previous year. In general, imports of granite, sandstone and other building stone, however, continue to indicate a mild drop. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Iceland imports peaked at X tons in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone stood at $X in 2018. Overall, imports of granite, sandstone and other building stone, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of granite, sandstone and other building stone attained their peak figure at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

China dominates imports of granite, sandstone and other building stone structure, accounting for X tons, which was near X% of total imports in 2018. It was distantly followed by the UK (X tons), creating a X% share of total imports. Taiwan, Chinese (X tons), Spain (X tons), Germany (X tons), Bangladesh (X tons), Italy (X tons), France (X tons), the U.S. (X tons), Belgium (X tons), Switzerland (X tons) and Poland (X tons) took a little share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Bangladesh (+X%), the UK (+X%) and Switzerland (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, France (-X%), Poland (-X%), the U.S. (-X%), Belgium (-X%), Germany (-X%), Spain (-X%), Taiwan, Chinese (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Bangladesh and the UK increased by +X%, +X% and +X% percentage points, while Italy (-X p.p.) and Taiwan, Chinese (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported granite, sandstone and other building stone into Iceland, comprising X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by Spain, with a X% share.

In China, imports of granite, sandstone and other building stone expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the UK (+X% per year) and Spain (-X% per year).

Import Prices by Country

The import price for granite, sandstone and other building stone in Iceland stood at $X per ton in 2018, surging by X% against the previous year. Overall, the import price for granite, sandstone and other building stone continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. Iceland import price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Switzerland, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform