Luxembourg: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Luxembourg

For the third year in a row, the Luxembourg natural stone sett market recorded growth in sales value, which increased by 5.6% to $X in 2022. Overall, consumption, however, saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Natural Stone Sett Exports

Exports from Luxembourg

In 2022, shipments abroad of natural stone setts, kerbstones and flagstones decreased by -52.5% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 152%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, natural stone sett exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main destinations of natural stone sett exports from Luxembourg, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -4.5%), while the other leaders experienced a decline.

In value terms, Germany ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from Luxembourg, comprising 65% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.9% per year) and Belgium (-15.4% per year).

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, picking up by 46% against the previous year. Over the period under review, the export price enjoyed a mild expansion. The pace of growth appeared the most rapid in 2021 an increase of 87%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Stone Sett Imports

Imports into Luxembourg

After two years of growth, purchases abroad of natural stone setts, kerbstones and flagstones decreased by -7.7% to X tons in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 75%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, natural stone sett imports totaled $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of natural stone sett to Luxembourg, with a 61% share of total imports. Moreover, natural stone sett imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+0.1% per year) and Belgium (+10.1% per year).

In value terms, Germany ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Luxembourg, comprising 54% of total imports. The second position in the ranking was held by Portugal ($X), with a 27% share of total imports. It was followed by Belgium, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+14.0% per year) and Belgium (+6.8% per year).

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($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 (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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