Scandinavia: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Scandinavia

The Scandinavia marble and travertine blocks market declined to $X in 2022, waning by -7.1% against the previous year. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine Blocks And Slabs in Scandinavia

In value terms, marble and travertine blocks production fell to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -18.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 38%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports in Scandinavia

In 2022, shipments abroad of marble and travertine blocks and slabs increased by 1,514% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, marble and travertine blocks exports skyrocketed to $X in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,522%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Norway prevails in exports structure, amounting to X tons, which was near 93% of total exports in 2022. It was distantly followed by Sweden (X tons), constituting a 7% share of total exports.

Norway was also the fastest-growing in terms of the marble and travertine blocks and slabs exports, with a CAGR of +124.1% from 2012 to 2022. At the same time, Sweden (+3.8%) displayed positive paces of growth. From 2012 to 2022, the share of Norway increased by +92 percentage points.

In value terms, the largest marble and travertine blocks supplying countries in Scandinavia were Norway ($X) and Sweden ($X).

Among the main exporting countries, Norway, with a CAGR of +98.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, dropping by -72.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The growth pace was the most rapid in 2021 when the export price increased by 202%. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+12.6%).

Imports of Marble And Travertine Blocks And Slabs

Imports in Scandinavia

Marble and travertine blocks imports reached X tons in 2022, picking up by 8.2% against the year before. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 581%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, marble and travertine blocks imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Finland (X tons) represented the major importer of marble and travertine blocks and slabs, generating 74% of total imports. Norway (X tons) ranks second in terms of the total imports with a 17% share, followed by Sweden (8.6%).

Finland was also the fastest-growing in terms of the marble and travertine blocks and slabs imports, with a CAGR of +53.5% from 2012 to 2022. At the same time, Norway (+13.7%) displayed positive paces of growth. By contrast, Sweden (-7.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Finland increased by +70 percentage points.

In value terms, the largest marble and travertine blocks importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

Norway, with a CAGR of +18.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, growing by 29% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when the import price increased by 126%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+12.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform