Scandinavia: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Scandinavia

The Scandinavia market for granules, chippings and powder of monumental stone soared to $X in 2021, with an increase of 37% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +79.2% against 2014 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Granules, Chippings And Powder Of Monumental Stone in Scandinavia

In value terms, monumental stone granules and powder production shrank dramatically to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 67% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Scandinavia

In 2021, overseas shipments of granules, chippings and powder of monumental stone increased by 23% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 54% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports soared to $X in 2021. In general, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Norway (X tons), together resulting at 99% of total export.

Norway was also the fastest-growing in terms of the granules, chippings and powder of monumental stone exports, with a CAGR of +2.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) also remains the largest monumental stone granules and powder supplier in Scandinavia.

In Norway, monumental stone granules and powder exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 10% against the previous year. In general, the export price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by 10% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2021, the rate of growth in terms of prices for Norway amounted to -2.1% per year.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in Scandinavia

In 2021, purchases abroad of granules, chippings and powder of monumental stone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 168%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, monumental stone granules and powder imports soared to $X in 2021. Total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 70%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden prevails in imports structure, resulting at X tons, which was near 91% of total imports in 2021. It was distantly followed by Denmark (X tons), comprising a 6.8% share of total imports. Finland (X tons) held a relatively small share of total imports.

Sweden was also the fastest-growing in terms of the granules, chippings and powder of monumental stone imports, with a CAGR of +34.8% from 2012 to 2021. Finland (-1.2%) and Denmark (-8.7%) illustrated a downward trend over the same period. Sweden (+66 p.p.) significantly strengthened its position in terms of the total imports, while Finland and Denmark saw its share reduced by -7.5% and -54.2% from 2012 to 2021, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Scandinavia, comprising 78% of total imports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +13.9%. The remaining importing countries recorded the following average annual rates of imports growth: Denmark (-6.0% per year) and Finland (-5.1% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 3.6% against the previous year. Over the period under review, the import price, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 37%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Denmark (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform