Report Update Nov 1, 2024

Luxembourg - Granite Blocks and Slabs - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Granite Block Market 2024

Granite Block Market Size in Luxembourg

The Luxembourg granite block market skyrocketed to $X in 2022, rising by 92% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Granite Block Exports

Exports from Luxembourg

Granite block exports from Luxembourg shrank markedly to X tons in 2022, which is down by -59.8% on 2021. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 104% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, granite block exports fell significantly to $X in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 375%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

France (X tons) was the main destination for granite block exports from Luxembourg, accounting for a 84% share of total exports. Moreover, granite block exports to France exceeded the volume sent to the second major destination, Portugal (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Belgium (-61.1% per year).

In value terms, France ($X) remains the key foreign market for granite blocks and slabs exports from Luxembourg, comprising 87% of total exports. The second position in the ranking was taken by Portugal ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France totaled +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Belgium (-60.5% per year).

Export Prices by Country

The average granite block export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 132%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (+16.2%).

Granite Block Imports

Imports into Luxembourg

In 2022, purchases abroad of granite blocks and slabs increased by 27% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2017 when imports increased by 34%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, granite block imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 196% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) was the main granite block supplier to Luxembourg, with a 93% share of total imports. Moreover, granite block imports from Portugal exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.0% per year) and Belgium (-44.2% per year).

In value terms, Portugal ($X) constituted the largest supplier of granite blocks and slabs to Luxembourg, comprising 85% of total imports. The second position in the ranking was taken by Spain ($X), with a 4.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+17.1% per year) and Belgium (-31.8% per year).

Import Prices by Country

In 2022, the average granite block import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price saw a buoyant expansion. The growth pace was the most rapid in 2020 when the average import price increased by 320% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for granite blocks and slabs in the world?

The countries with the highest volumes of granite block consumption in 2020 were China, the United States and India, together comprising 38% of global consumption.

What are the largest producers of granite blocks and slabs in the world?

The countries with the highest volumes of granite block production in 2020 were India, Brazil and China, together accounting for 38% of global production. The United States, Italy, Japan, Russia, Pakistan, Turkey, Spain, Mexico, Portugal and Iran lagged somewhat behind, together accounting for a further 34%.

What are the leading suppliers of granite blocks and slabs to Luxembourg?

In value terms, Portugal constituted the largest supplier of granite block to Luxembourg, comprising 83% of total imports. The second position in the ranking was occupied by Belgium, with a 9.2% share of total imports.

What is the average export price for granite blocks and slabs in Luxembourg?

In 2020, the average granite block export price amounted to $5,892 per ton, growing by 535% against the previous year.

What is the average import price for granite blocks and slabs in Luxembourg?

The average granite block import price stood at $1,394 per ton in 2020, rising by 200% against the previous year.

This report provides an in-depth analysis of the granite block market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111236 - Granite merely cut into rectangular (including square) blocks or slabs

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023