Scandinavia: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Scandinavia

The Scandinavia market for granite, sandstone and other building stone rose to $X in 2021, increasing by 2.7% against the previous year. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Granite, Sandstone And Other Building Stone in Scandinavia

In value terms, production of granite, sandstone and other building stone rose rapidly to $X in 2021 estimated in export price. Overall, production showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.2%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports in Scandinavia

In 2021, shipments abroad of granite, sandstone and other building stone decreased by -1% to X tons, falling for the third consecutive year after two years of growth. Overall, exports showed a deep contraction. The growth pace was the most rapid in 2014 with an increase of 41% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone expanded significantly to $X in 2021. In general, exports showed a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Norway (X tons) was the key exporter of granite, sandstone and other building stone, making up 66% of total exports. Sweden (X tons) ranks second in terms of the total exports with a 22% share, followed by Finland (11%).

Norway experienced a relatively flat trend pattern with regard to volume of exports of granite, sandstone and other building stone. Sweden (-7.6%) and Finland (-18.4%) illustrated a downward trend over the same period. Norway (+30 p.p.) significantly strengthened its position in terms of the total exports, while Sweden and Finland saw its share reduced by -2.5% and -27.7% from 2012 to 2021, respectively.

In value terms, Norway ($X) remains the largest granite, sandstone and other building stone supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was held by Sweden ($X), with a 16% share of total exports.

In Norway, exports of granite, sandstone and other building stone decreased by an average annual rate of -2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-7.8% per year) and Finland (-20.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 7.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the export price increased by 48% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Granite, Sandstone And Other Building Stone

Imports in Scandinavia

In 2021, approx. X tons of granite, sandstone and other building stone were imported in Scandinavia; shrinking by -9.9% on the previous year. In general, imports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 161% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, imports of granite, sandstone and other building stone expanded sharply to $X in 2021. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 118%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Denmark prevails in stone structure, accounting for X tons, which was approx. 97% of total imports in 2021. Sweden (X tons) held a minor share of total imports.

Denmark was also the fastest-growing in terms of the granite, sandstone and other building stone imports, with a CAGR of +11.6% from 2012 to 2021. At the same time, Sweden (+8.8%) displayed positive paces of growth. Denmark (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported granite, sandstone and other building stone in Scandinavia, comprising 73% of total imports. The second position in the ranking was taken by Sweden ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +11.6%.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of 21%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sweden ($X per ton), while Denmark stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.0%).

Source: IndexBox Platform