Granite Building Stone Price in Estonia - 2023
Contents:
- Granite Building Stone Price in Estonia (FOB) - 2022
- Granite Building Stone Price in Estonia (CIF) - 2023
- Granite Building Stone Exports in Estonia
- Granite Building Stone Imports in Estonia
Granite Building Stone Price in Estonia (FOB) - 2022
The average granite building stone export price stood at $4,604 per ton in 2022, increasing by 13% against the previous year. Overall, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23%. The export price peaked at $7,542 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($10,246 per ton), while the average price for exports to the Netherlands ($1,629 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 Norway (+2.4%), while the prices for the other major destinations experienced a decline.
Granite Building Stone Price in Estonia (CIF) - 2023
The average granite building stone import price stood at $1,107 per ton in September 2023, picking up by 8% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 53% m-o-m. The import price peaked at $1,449 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Lithuania ($1,302 per ton), while the price for China ($267 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Granite Building Stone Exports in Estonia
In 2022, approx. 2.9K tons of granite building stone were exported from Estonia; with a decrease of -22.1% compared with the year before. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of 3.7K tons, and then fell dramatically in the following year.
In value terms, granite building stone exports dropped to $13M in 2022. The total export value increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of $15M, and then contracted in the following year.
| Export of Granite Building Stone in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 5.0 | 5.3 | 7.6 | 7.5 | 14.5% |
| Sweden | 2.6 | 2.1 | 3.0 | 2.0 | -8.4% |
| Netherlands | N/A | N/A | N/A | 1.4 | 0% |
| Finland | 2.7 | 2.8 | 3.2 | 1.3 | -21.6% |
| Denmark | 0.7 | 0.8 | 0.6 | 0.4 | -17.0% |
| Germany | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Others | 0.6 | 0.5 | 0.3 | 0.5 | -5.9% |
| Total | 11.6 | 11.5 | 15.0 | 13.2 | 4.4% |
Top Export Markets for Granite Building Stone from Estonia in 2022:
- Netherlands (886.7 tons)
- Norway (733.6 tons)
- Sweden (552.1 tons)
- Finland (516.9 tons)
- Germany (49.2 tons)
- Denmark (29.6 tons)
Granite Building Stone Imports in Estonia
Granite building stone imports into Estonia surged to 9.2K tons in 2022, jumping by 38% compared with 2021 figures. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 107%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, granite building stone imports skyrocketed to $12M in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Granite Building Stone in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 573 | 75.8 | 2,387 | 4,380 | 97.0% |
| Italy | 1,448 | 1,046 | 2,247 | 3,796 | 37.9% |
| Finland | 46.0 | 460 | 1,092 | 1,074 | 185.8% |
| Czech Republic | 68.3 | 91.8 | 17.7 | 847 | 131.5% |
| China | 890 | 376 | 443 | 585 | -13.1% |
| India | 634 | 364 | 597 | 524 | -6.2% |
| Ukraine | 89.9 | 82.7 | 130 | 149 | 18.3% |
| Russia | 43.5 | 97.7 | 83.7 | 71.7 | 18.1% |
| Turkey | N/A | N/A | 356 | 39.3 | -89.0% |
| Indonesia | 170 | 133 | 43.2 | N/A | -49.6% |
| Others | 188 | 612 | 534 | 599 | 47.1% |
| Total | 4,150 | 3,339 | 7,932 | 12,066 | 42.7% |
Top Suppliers of Granite Building Stone to Estonia in 2022:
- Spain (3218.0 tons)
- Italy (2340.7 tons)
- Finland (837.2 tons)
- Czech Republic (674.8 tons)
- Ukraine (564.5 tons)
- China (517.7 tons)
- India (465.5 tons)
- Turkey (110.9 tons)
- Russia (107.7 tons)
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