Scandinavia: Granite Building Stone Market 2024

Granite Building Stone Market Size in Scandinavia

In 2021, the Scandinavia granite building stone market increased by 30% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Granite Building Stone Production in Scandinavia

In value terms, granite building stone production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Granite Building Stone Exports

Exports in Scandinavia

After three years of decline, overseas shipments of granite building stone increased by 104% to X tons in 2021. Overall, exports saw notable growth. The pace of growth was the most pronounced in 2014 with an increase of 147%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, granite building stone exports skyrocketed to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Finland (X tons), distantly followed by Sweden (X tons) and Norway (X tons) represented the largest exporters of granite building stone, together generating 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +26.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest granite building stone supplying countries in Scandinavia were Finland ($X), Sweden ($X) and Norway ($X).

Norway, with a CAGR of +31.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, jumping by 18% against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Granite Building Stone Imports

Imports in Scandinavia

After three years of growth, supplies from abroad of granite building stone decreased by -48.4% to X tons in 2021. In general, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 when imports increased by 27%. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped sharply in the following year.

In value terms, granite building stone imports dropped to $X in 2021. Overall, imports showed a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of 24%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons) and Sweden (X tons) dominates imports structure, together achieving 97% of total imports. Finland (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +4.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Sweden, with a CAGR of +2.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 72% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform