Scandinavia: Marble Building Stone Market 2024

Marble Building Stone Market Size in Scandinavia

The Scandinavia marble building stone market surged to $X in 2021, picking up by 42% against the previous year. Overall, consumption continues to indicate a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Marble Building Stone Production in Scandinavia

In value terms, marble building stone production shrank to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, production attained the peak level of $X, and then fell modestly in the following year.

Marble Building Stone Exports

Exports in Scandinavia

Marble building stone exports soared to X tons in 2021, picking up by 96% compared with 2020 figures. In general, exports recorded a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 220%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, marble building stone exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 123%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Denmark was the major exporter of marble building stone in Scandinavia, with the volume of exports accounting for X tons, which was near 73% of total exports in 2021. It was distantly followed by Sweden (X tons), comprising a 23% share of total exports. Finland (X tons) held a relatively small share of total exports.

Denmark was also the fastest-growing in terms of the marble building stone exports, with a CAGR of +37.8% from 2012 to 2021. At the same time, Sweden (+9.6%) and Finland (+8.2%) displayed positive paces of growth. Denmark (+54 p.p.) significantly strengthened its position in terms of the total exports, while Finland and Sweden saw its share reduced by -4.5% and -23.9% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest marble building stone supplier in Scandinavia, comprising 80% of total exports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total exports.

In Denmark, marble building stone exports expanded at an average annual rate of +39.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (+18.8% per year) and Finland (+8.2% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with a decrease of -11.1% against the previous year. Overall, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2018 an increase of 54%. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Finland ($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 (+8.4%), while the other leaders experienced more modest paces of growth.

Marble Building Stone Imports

Imports in Scandinavia

In 2021, supplies from abroad of marble building stone was finally on the rise to reach X tons after two years of decline. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, marble building stone imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark was the largest importing country with an import of about X tons, which amounted to 45% of total imports. Norway (X tons) held the second position in the ranking, followed by Sweden (X tons). All these countries together took near 48% share of total imports. The following importers - Finland (X tons) and Iceland (X tons) - together made up 7.2% of total imports.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constitutes the largest market for imported marble building stone in Scandinavia, comprising 52% of total imports. The second position in the ranking was held by Sweden ($X), with a 22% share of total imports. It was followed by Norway, with a 19% share.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +16.3%. In the other countries, the average annual rates were as follows: Sweden (+8.8% per year) and Norway (+6.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, surging by 7.5% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble building stone import price increased by +77.7% against 2012 indices. The most prominent rate of growth was recorded in 2017 an increase of 11%. The level of import peaked in 2021 and is likely to see steady 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 Iceland ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform