United Kingdom: Marble And Travertine Market 2022

Marble And Travertine Market Size in the UK

In 2021, the UK marble and travertine market increased by 66% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.4% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Marble And Travertine Production in the UK

In value terms, marble and travertine production rose notably to $X in 2021 estimated in export price. In general, production, however, faced a deep downturn. Marble and travertine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Marble And Travertine Exports

Exports from the UK

In 2021, approx. X tons of marble and travertine were exported from the UK; which is down by -21.7% against the previous year. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced markedly in the following year.

In value terms, marble and travertine exports rose remarkably to $X in 2021. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 100%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for marble and travertine exports from the UK, accounting for a 77% share of total exports. Moreover, marble and travertine exports to Ireland exceeded the volume sent to the second major destination, Spain (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+341.3% per year) and Italy (+127.0% per year).

In value terms, Ireland ($X) remains the key foreign market for marble and travertine exports from the UK, comprising 26% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Denmark, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Ireland totaled +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+331.9% per year) and Denmark (+50.1% per year).

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, picking up by 43% against the previous year. Overall, the export price, however, showed a perceptible reduction. The growth pace was the most rapid in 2013 an increase of 47%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Ireland ($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 Sweden (+2.6%), while the prices for the other major destinations experienced a decline.

Marble And Travertine Imports

Imports into the UK

In 2021, imports of marble and travertine into the UK soared to X tons, rising by 70% compared with 2020. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 88%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, marble and travertine imports soared to $X in 2021. Overall, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest marble and travertine supplier to the UK, accounting for a 89% share of total imports. Moreover, marble and travertine imports from India exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+35.9% per year) and Italy (-1.6% per year).

In value terms, India ($X) constituted the largest supplier of marble and travertine to the UK, comprising 67% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by China, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.9% per year) and China (+7.2% per year).

Import Prices by Country

The average marble and travertine import price stood at $X per ton in 2021, with a decrease of -4.5% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 25%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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