Norway: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Norway

The Norwegian marble and travertine blocks market declined to $X in 2022, which is down by -7.8% against the previous year. Overall, consumption recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.3%. Marble and travertine blocks consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine Blocks And Slabs in Norway

In value terms, marble and travertine blocks production fell modestly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Norway

In 2022, shipments abroad of marble and travertine blocks and slabs was finally on the rise to reach X tons after two years of decline. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 6,713%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, marble and travertine blocks exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of 2,293% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for marble and travertine blocks exports from Norway, with a 80% share of total exports. Moreover, marble and travertine blocks exports to China exceeded the volume sent to the second major destination, Italy (X tons), eightfold. Portugal (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.8% per year) and Portugal (+11.2% per year).

It was followed by Portugal, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.6% per year) and Portugal (+9.2% per year).

Export Prices by Country

In 2022, the average marble and travertine blocks export price amounted to $X per ton, which is down by -66% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 an increase of 331%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Poland (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine Blocks And Slabs

Imports into Norway

In 2022, approx. X tons of marble and travertine blocks and slabs were imported into Norway; increasing by 1,766% on the previous year. In general, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, marble and travertine blocks imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), India (X tons) and China (X tons) were the main suppliers of marble and travertine blocks imports to Norway, together comprising 21% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of marble and travertine blocks and slabs to Norway, comprising 17% of total imports. The second position in the ranking was taken by India ($X), with a 3.9% share of total imports. It was followed by Denmark, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.6% per year) and Denmark (+0.0% per year).

Import Prices by Country

The average marble and travertine blocks import price stood at $X per ton in 2022, falling by -60.8% against the previous year. Over the period under review, the import price, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2021 an increase of 401%. As a result, import price reached the peak level of $X per ton, and then dropped rapidly in the following year.

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 Denmark ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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