Norway: Marble And Travertine Market 2022

Marble And Travertine Market Size in Norway

The Norwegian marble and travertine market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Norway

In value terms, marble and travertine production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 7.8% against the previous year. Marble and travertine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Marble And Travertine Exports

Exports from Norway

In 2021, after two years of growth, there was significant decline in overseas shipments of marble and travertine, when their volume decreased by -96.3% to X tons. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 321%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, marble and travertine exports shrank sharply to $X in 2021. In general, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 246% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for marble and travertine exports from Norway, accounting for a 53% share of total exports. Moreover, marble and travertine exports to Sweden exceeded the volume sent to the second major destination, Poland (X tons), twofold. Finland (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden amounted to -15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-47.3% per year) and Finland (+241.8% per year).

In value terms, Sweden ($X) emerged as the key foreign market for marble and travertine exports from Norway, comprising 47% of total exports. The second position in the ranking was held by Finland ($X), with a 16% share of total exports. It was followed by Poland, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+142.9% per year) and Poland (-43.4% per year).

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, jumping by 36% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 64%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Germany (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Marble And Travertine Imports

Imports into Norway

In 2021, supplies from abroad of marble and travertine decreased by -32.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 79% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, marble and travertine imports surged to $X in 2021. In general, imports showed a noticeable decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Sweden (X tons) and India (X tons) were the main suppliers of marble and travertine imports to Norway, with a combined 53% share of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +73.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Portugal ($X) and China ($X) constituted the largest marble and travertine suppliers to Norway, together accounting for 51% of total imports. These countries were followed by Spain, Turkey, Sweden, India and Egypt, which together accounted for a further 33%.

Turkey, with a CAGR of +71.0%, recorded the highest growth rate of 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 marble and travertine import price stood at $X per ton in 2021, picking up by 196% against the previous year. Overall, the import price saw a buoyant increase. As a result, import price reached 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 2021, the country with the highest price was Portugal ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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