Luxembourg: Granite Building Stone Market 2024

Granite Building Stone Market Size in Luxembourg

The Luxembourg granite building stone market contracted to $X in 2021, waning by -6.3% 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). In general, consumption saw a perceptible downturn. Granite building stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Granite Building Stone Exports

Exports from Luxembourg

In 2021, overseas shipments of granite building stone were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, granite building stone exports expanded to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 13%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main destinations of granite building stone exports from Luxembourg, together accounting for 99.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +23.1%), while shipments for the other leaders experienced a decline.

In value terms, Germany ($X) remains the key foreign market for granite building stone exports from Luxembourg, comprising 69% of total exports. The second position in the ranking was taken by Belgium ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.3% per year) and France (-5.2% per year).

Export Prices by Country

The average granite building stone export price stood at $X per ton in 2021, which is down by -5.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 44%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Belgium (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Granite Building Stone Imports

Imports into Luxembourg

In 2021, overseas purchases of granite building stone decreased by -15.2% to X tons, falling for the fourth year in a row after two years of growth. In general, imports saw a deep reduction. The growth pace was the most rapid in 2017 when imports increased by 32% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, granite building stone imports stood at $X in 2021. Overall, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2017 with an increase of 3.4% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of granite building stone imports to Luxembourg, together accounting for 74% of total imports. Portugal, France, Spain and China lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +8.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest granite building stone suppliers to Luxembourg, together comprising 76% of total imports. Italy, Portugal, Spain and China lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Portugal, with a CAGR of +11.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average granite building stone import price amounted to $X per ton, increasing by 18% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, granite building stone import price increased by +89.7% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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