Luxembourg: Market for Granite, Sandstone And Other Building Stone 2022

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

In 2021, the Luxembourg market for granite, sandstone and other building stone increased by 6% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, enjoyed a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from Luxembourg

In 2021, shipments abroad of granite, sandstone and other building stone decreased by -81.8% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 159% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for exports of granite, sandstone and other building stone from Luxembourg, accounting for a 18% share of total exports. Moreover, exports of granite, sandstone and other building stone to France exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled -20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-42.0% per year) and Belgium (-68.5% per year).

In value terms, France ($X) emerged as the key foreign market for granite, sandstone and other building stone exports from Luxembourg, comprising 23% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1.6% per year) and Belgium (-23.1% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, with an increase of 1,429% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 (+143.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Luxembourg

In 2021, imports of granite, sandstone and other building stone into Luxembourg shrank to X tons, which is down by -3.2% on the year before. Over the period under review, imports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 338%. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone soared to $X in 2021. In general, imports, however, recorded noticeable growth. The pace of growth appeared the most rapid in 2020 when imports increased by 253% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Luxembourg, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +14.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest granite, sandstone and other building stone suppliers to Luxembourg, with a combined 87% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +6.4%, recorded the highest growth rate of 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 import price for granite, sandstone and other building stone amounted to $X per ton, surging by 21% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 142% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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