Scandinavia: Granite Block Market 2024

Granite Block Market Size in Scandinavia

The Scandinavia granite block market fell remarkably to $X in 2022, waning by -72.1% against the previous year. Over the period under review, consumption showed a deep contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Granite Block Production in Scandinavia

In value terms, granite block production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Granite Block Exports

Exports in Scandinavia

In 2022, granite block exports in Scandinavia surged to X tons, with an increase of 113% on 2021 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,886% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, granite block exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 2,015% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Norway was the major exporting country with an export of about X tons, which accounted for 84% of total exports. It was distantly followed by Sweden (X tons), constituting a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to granite block exports from Norway stood at +28.3%. At the same time, Sweden (+35.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +35.3% from 2012-2022. Norway (+8.3 p.p.) and Sweden (+7.3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest granite block supplier in Scandinavia, comprising 89% of total exports. The second position in the ranking was held by Sweden ($X), with an 11% share of total exports.

In Norway, granite block exports increased at an average annual rate of +22.3% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-1.7%).

Granite Block Imports

Imports in Scandinavia

After four years of growth, supplies from abroad of granite blocks and slabs decreased by -23.1% to X tons in 2022. In general, imports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2018 when imports increased by 253%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted dramatically in the following year.

In value terms, granite block imports fell to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 141%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

Sweden was the main importing country with an import of about X tons, which amounted to 65% of total imports. It was distantly followed by Norway (X tons), constituting a 34% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +25.9%).

In value terms, the largest granite block importing markets in Scandinavia were Sweden ($X) and Norway ($X).

Sweden, with a CAGR of +24.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, jumping by 27% against the previous year. Import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, granite block import price increased by +52.9% against 2019 indices. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.2%).

Source: IndexBox Platform