Luxembourg: Marble Building Stone Market 2024

Marble Building Stone Market Size in Luxembourg

The Luxembourg marble building stone market soared to $X in 2021, growing by 70% 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 recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Marble Building Stone Exports

Exports from Luxembourg

In 2021, the amount of marble building stone exported from Luxembourg skyrocketed to X tons, picking up by 37% against the year before. In general, exports showed a strong expansion. The growth pace was the most rapid in 2017 when exports increased by 177% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, marble building stone exports dropped markedly to $X in 2021. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 321%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for marble building stone exports from Luxembourg, with a 97% share of total exports. It was followed by Belgium (X kg), with a 3.2% share of total exports. The third position in this ranking was held by Italy (X kg), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-21.8% per year) and Italy (-42.3% per year).

In value terms, France ($X) emerged as the key foreign market for marble building stone exports from Luxembourg, comprising 78% of total exports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total exports. It was followed by Switzerland, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-11.8% per year) and Switzerland (-30.0% per year).

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, reducing by -51.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 96%. The export price peaked at $X per ton in 2020, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to France ($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 the UK (+503.0%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Luxembourg

In 2021, approx. X tons of marble building stone were imported into Luxembourg; increasing by 50% compared with 2020. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +149.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, marble building stone imports skyrocketed to $X in 2021. Overall, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Portugal (X tons), Italy (X tons) and Croatia (X tons) were the main suppliers of marble building stone imports to Luxembourg, with a combined 61% 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 Croatia (with a CAGR of +115.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of marble building stone to Luxembourg, comprising 33% of total imports. The second position in the ranking was held by Portugal ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+22.7% per year) and Germany (+2.9% per year).

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, increasing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2018 an increase of 20% 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 near future.

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 Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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