Sweden: Crude Granite Market 2024

Crude Granite Market Size in Sweden

The Swedish crude granite market stood at $X in 2022, increasing by 4.6% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.0% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Crude Granite Production in Sweden

In value terms, crude granite production declined to $X in 2022 estimated in export price. Overall, production showed a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 2.9% against the previous year. Crude granite production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crude Granite Exports

Exports from Sweden

In 2022, approx. X tons of granite (crude) were exported from Sweden; waning by -44.8% on the year before. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 167%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, crude granite exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 26%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for crude granite exports from Sweden, with a 63% share of total exports. Moreover, crude granite exports to Poland exceeded the volume sent to the second major destination, Denmark (X tons), threefold. Lithuania (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled -17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-26.1% per year) and Lithuania (-9.5% per year).

In value terms, Poland ($X) remains the key foreign market for granite (crude) exports from Sweden, comprising 64% of total exports. The second position in the ranking was held by Lithuania ($X), with a 10% share of total exports. It was followed by Denmark, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland amounted to -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-4.0% per year) and Denmark (-18.0% per year).

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, increasing by 36% against the previous year. In general, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 71% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into Sweden

Crude granite imports into Sweden dropped sharply to X tons in 2022, falling by -21% against the previous year. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, crude granite imports fell remarkably to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of crude granite to Sweden, with a 56% share of total imports. Moreover, crude granite imports from Norway exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+3.3% per year) and China (-0.7% per year).

In value terms, the largest crude granite suppliers to Sweden were China ($X), Norway ($X) and Denmark ($X), with a combined 86% share of total imports. India lagged somewhat behind, accounting for a further 9.2%.

In terms of the main suppliers, India, with a CAGR of +65.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average crude granite import price amounted to $X per ton, leveling off at the previous year. In general, the import price saw a mild decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 33%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 China ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :