Average Price of Marble Building Stone in Turkey Is $455 per Ton

Turkey Marble Building Stone Export Price in July 2023

In July 2023, the marble building stone price amounted to $455 per ton (FOB, Turkey), remaining relatively unchanged against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 3.5% m-o-m. Over the period under review, the average export prices reached the peak figure at $459 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Australia ($638 per ton), while the average price for exports to Israel ($302 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Turkey Marble Building Stone Export Prices by Type

Average prices varied noticeably for the major types of exported product. In July 2023, the product with the highest price was marble, travertine and alabaster; articles thereof, (other than simply cut or sawn, with a flat or even surface) ($478 per ton), while the average price for exports of marble, travertine and alabaster; simply cut or sawn, with a flat or even surface amounted to $432 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: marble, travertine and alabaster; simply cut or sawn, with a flat or even surface (+0.8%).

Turkey Marble Building Stone Exports

In July 2023, the amount of marble building stone exported from Turkey declined to 209K tons, reducing by -9.7% compared with the previous month's figure. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 with an increase of 38% against the previous month. As a result, the exports reached the peak of 302K tons. From September 2022 to July 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, marble building stone exports declined to $95M (IndexBox estimates) in July 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 with an increase of 36% m-o-m. As a result, the exports reached the peak of $130M. From September 2022 to July 2023, the growth of the exports remained at a lower figure.

Turkey Marble Building Stone Exports by Type

Marble, travertine and alabaster; articles thereof, (other than simply cut or sawn, with a flat or even surface) (107K tons) and marble, travertine and alabaster; simply cut or sawn, with a flat or even surface (102K tons) were the main products of marble building stone exports from Turkey.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by marble, travertine and alabaster; articles thereof, (other than simply cut or sawn, with a flat or even surface) (with a CAGR of +0.4%).

In value terms, marble, travertine and alabaster; articles thereof, (other than simply cut or sawn, with a flat or even surface) ($51M) and marble, travertine and alabaster; simply cut or sawn, with a flat or even surface ($44M) appeared to be the most exported types of marble building stone from Turkey worldwide.

In terms of the main product categories, marble, travertine and alabaster; articles thereof, (other than simply cut or sawn, with a flat or even surface), with a CAGR of +0.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Turkey Marble Building Stone Exports by Country

The United States (56K tons) was the main destination for marble building stone exports from Turkey, with a 27% share of total exports. Moreover, marble building stone exports to the United States exceeded the volume sent to the second major destination, Iraq (26K tons), twofold. Israel (22K tons) ranked third in terms of total exports with an 11% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Iraq (-0.1% per month) and Israel (-2.0% per month).

In value terms, the United States ($30M) remains the key foreign market for marble building stone exports from Turkey, comprising 32% of total exports. The second position in the ranking was taken by Iraq ($8.6M), with a 9% share of total exports. It was followed by Saudi Arabia, with an 8.9% share.

From July 2022 to July 2023, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Iraq (+1.0% per month) and Saudi Arabia (+1.1% per month).

Source: IndexBox Market Intelligence Platform