Norway: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Norway

In 2021, the Norwegian market for granules, chippings and powder of monumental stone increased by 269% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Granules, Chippings And Powder Of Monumental Stone in Norway

In value terms, monumental stone granules and powder production shrank rapidly to $X in 2021 estimated in export price. In general, production saw a prominent increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 182%. As a result, production reached the peak level of $X, and then fell remarkably in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Norway

In 2021, after two years of decline, there was significant growth in overseas shipments of granules, chippings and powder of monumental stone, when their volume increased by 23% to X tons. In general, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.8% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 56%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and the Netherlands (X tons) were the main destinations of monumental stone granules and powder exports from Norway, with a combined 66% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +38.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and the Netherlands ($X) constituted the largest markets for monumental stone granules and powder exported from Norway worldwide, together accounting for 50% of total exports.

In terms of the main countries of destination, Sweden, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 Brazil (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Norway

In 2021, purchases abroad of granules, chippings and powder of monumental stone increased by 9.7% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 25%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, monumental stone granules and powder imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), China (X tons) and Denmark (X tons) were the main suppliers of monumental stone granules and powder imports to Norway, with a combined 79% share of total imports. These countries were followed by Germany, France, the Netherlands and Belgium, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +57.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Sweden ($X) and Germany ($X) appeared to be the largest monumental stone granules and powder suppliers to Norway, with a combined 66% share of total imports. These countries were followed by the Netherlands, France, Denmark and Belgium, which together accounted for a further 30%.

Belgium, with a CAGR of +69.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, rising by 48% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 72%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Sweden ($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 (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :