Scandinavia: Marble And Travertine Market 2022

Marble And Travertine Market Size in Scandinavia

In 2021, the Scandinavia marble and travertine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Scandinavia

In value terms, marble and travertine production rose sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2017 with an increase of 40% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Marble And Travertine Exports

Exports in Scandinavia

In 2021, after two years of growth, there was significant decline in shipments abroad of marble and travertine, when their volume decreased by -91.3% to X tons. Overall, exports showed a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 177% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, marble and travertine exports dropped markedly to $X in 2021. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 177% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Denmark (X tons) and Norway (X tons) were the main exporters of marble and travertine in 2021, resulting at approx. 41% and 40% of total exports, respectively. It was distantly followed by Sweden (X tons), achieving a 17% share of total exports. Finland (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +0.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Denmark ($X) emerged as the largest marble and travertine supplier in Scandinavia, comprising 80% of total exports. The second position in the ranking was held by Sweden ($X), with a 13% share of total exports. It was followed by Norway, with a 6.3% share.

In Denmark, marble and travertine exports expanded at an average annual rate of +14.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-4.6% per year) and Norway (-26.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 560% against the previous year. In general, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+22.8%), while the other leaders experienced more modest paces of growth.

Marble And Travertine Imports

Imports in Scandinavia

In 2021, approx. X tons of marble and travertine were imported in Scandinavia; increasing by 197% against the previous year's figure. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 239%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, marble and travertine imports surged to $X in 2021. Overall, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons) and Finland (X tons) dominates imports structure, together committing 94% of total imports. Sweden (X tons) and Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Finland (with a CAGR of +63.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) were the countries with the highest levels of imports in 2021, with a combined 87% share of total imports. These countries were followed by Finland, which accounted for a further 13%.

Finland, with a CAGR of +23.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, falling by -32.5% against the previous year. In general, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 53% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the 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 Norway ($X per ton), while Finland ($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 (+15.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform