Africa: Marble And Travertine Market 2022

Marble And Travertine Market Size in Africa

The African marble and travertine market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Marble And Travertine Production in Africa

In value terms, marble and travertine production stood at $X in 2021 estimated in export price. In general, production continues to indicate a mild expansion. The pace of growth was the most pronounced in 2017 with an increase of 83% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Marble And Travertine Exports

Exports in Africa

After three years of decline, shipments abroad of marble and travertine increased by 27% to X tons in 2021. Overall, exports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2013 when exports increased by 88% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, marble and travertine exports skyrocketed to $X in 2021. In general, exports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 44% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Togo (X tons) represented the largest exporter of marble and travertine, comprising 44% of total exports. It was distantly followed by Tunisia (X tons), Morocco (X tons), Namibia (X tons) and Egypt (X tons), together creating a 48% share of total exports. Benin (X tons) and Angola (X tons) followed a long way behind the leaders.

Exports from Togo decreased at an average annual rate of -3.3% from 2012 to 2021. At the same time, Angola (+29.1%), Morocco (+6.8%), Namibia (+5.0%) and Tunisia (+1.8%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of +29.1% from 2012-2021. By contrast, Benin (-14.3%) and Egypt (-25.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Togo, Tunisia, Morocco, Namibia and Angola increased by +44, +7.9, +6.6, +5.3 and +2 percentage points, respectively.

In value terms, Tunisia ($X), Namibia ($X) and Morocco ($X) constituted the countries with the highest levels of exports in 2021, with a combined 74% share of total exports. Togo, Egypt, Angola and Benin lagged somewhat behind, together accounting for a further 24%.

Angola, with a CAGR of +26.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, waning by -3.6% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2018 when the export price increased by 31%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Namibia ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Marble And Travertine Imports

Imports in Africa

In 2021, the amount of marble and travertine imported in Africa skyrocketed to X tons, increasing by 47% compared with the previous year's figure. Over the period under review, imports, however, saw a mild setback. The most prominent rate of growth was recorded in 2013 when imports increased by 953% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, marble and travertine imports soared to $X in 2021. In general, imports, however, showed a mild descent. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Algeria (X tons) and Egypt (X tons) represented the largest importers of marble and travertine in Africa, together mixing up 77% of total imports. It was distantly followed by Tunisia (X tons), creating a 12% share of total imports. Libya (X tons) and Morocco (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Egypt (with a CAGR of +20.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Egypt ($X) constitutes the largest market for imported marble and travertine in Africa, comprising 58% of total imports. The second position in the ranking was held by Algeria ($X), with a 25% share of total imports. It was followed by Tunisia, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in Egypt totaled +10.6%. In the other countries, the average annual rates were as follows: Algeria (-0.5% per year) and Tunisia (-3.6% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 1,082%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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