Sweden: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Sweden

For the third consecutive year, the Swedish gravel and crushed stone market recorded decline in sales value, which decreased by -76.8% to $X in 2021. Overall, consumption recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the market value increased by 6.2% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Gravel And Crushed Stone in Sweden

In value terms, gravel and crushed stone production reduced markedly to $X in 2021 estimated in export price. In general, production saw a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 5.6%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from Sweden

In 2021, the amount of gravel and crushed stone exported from Sweden shrank to X tons, remaining constant against the previous year's figure. Overall, exports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 57% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, gravel and crushed stone exports rose markedly to $X in 2021. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 53% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X tons) was the main destination for gravel and crushed stone exports from Sweden, with a 54% share of total exports. Moreover, gravel and crushed stone exports to Denmark exceeded the volume sent to the second major destination, Russia (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Denmark totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-9.1% per year) and Poland (-9.5% per year).

In value terms, Denmark ($X) remains the key foreign market for gravel and crushed stone exports from Sweden, comprising 47% of total exports. The second position in the ranking was taken by Norway ($X), with a 14% share of total exports. It was followed by Russia, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+0.0% per year) and Russia (-12.8% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the export price, however, continues to indicate a slight slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Gravel And Crushed Stone

Imports into Sweden

In 2021, the amount of gravel and crushed stone imported into Sweden contracted modestly to X tons, which is down by -3.5% on 2020. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 58% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, gravel and crushed stone imports stood at $X in 2021. Over the period under review, imports, however, showed a mild expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest gravel and crushed stone supplier to Sweden, with a 71% share of total imports. Moreover, gravel and crushed stone imports from Norway exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sevenfold. Finland (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Norway stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+8.7% per year) and Finland (-2.9% per year).

In value terms, Norway ($X) constituted the largest supplier of gravel and crushed stone to Sweden, comprising 76% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.6% share of total imports. It was followed by Denmark, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Norway totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-13.5% per year) and Denmark (+3.4% per year).

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, rising by 16% against the previous year. In general, the import price, however, recorded a pronounced decline. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :