Armenia: Marble And Travertine Market 2020

Marble And Travertine Market Size in Armenia

The revenue of the marble and travertine market in Armenia amounted to $X in 2018, dropping by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Armenia marble and travertine consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Marble And Travertine Production in Armenia

In value terms, marble and travertine production amounted to $X in 2018 estimated in export prices. In general, marble and travertine production, however, continues to indicate an abrupt decline. The most prominent rate of growth was recorded in 2017 when production volume increased by X% y-o-y. Armenia marble and travertine production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Marble And Travertine Exports

Exports from Armenia

In 2018, the amount of marble and travertine exported from Armenia stood at X tons, falling by -X% against the previous year. Over the period under review, marble and travertine exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. Armenia exports peaked at X tons in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, marble and travertine exports totaled $X in 2018. Overall, marble and travertine exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Armenia exports peaked at $X in 2014; however, from 2015 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, Turkey (X tons) was the main exporter of marble and travertine, creating X% of total exports. Italy (X tons) took the second position in the ranking, followed by Egypt (X tons), Iran (X tons), Portugal (X tons) and Spain (X tons). All these countries together held near X% share of total exports. Greece (X tons) and India (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the marble and travertine exports, with a CAGR of +X% from 2007 to 2018. At the same time, Portugal (+X%), Egypt (+X%), Greece (+X%), Italy (+X%) and Iran (+X%) displayed positive paces of growth. India and Spain experienced a relatively flat trend pattern. From 2007 to 2018, the share of Turkey, Egypt, Italy, Portugal and Greece increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine supplier from Armenia, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Iran, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Turkey amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+X% per year) and Iran (+X% per year).

Export Prices by Country

In 2018, the marble and travertine export price in Armenia amounted to $X per ton, dropping by -X% against the previous year. Overall, the marble and travertine export price continues to indicate an abrupt decrease. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices for marble and travertine attained their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Marble And Travertine Imports

Imports into Armenia

In 2018, the marble and travertine imports into Armenia amounted to X tons, increasing by X% against the previous year. Over the period under review, marble and travertine imports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Armenia imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, marble and travertine imports totaled $X in 2018. Over the period under review, marble and travertine imports continue to indicate a skyrocketing expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, marble and travertine imports reached their maximum in 2018 and are likely to see steady growth in the near future.

Imports by Country

China dominates marble and travertine imports structure, recording X tons, which was approx. X% of total imports in 2018. It was distantly followed by India (X tons), mixing up a X% share of total imports. Italy (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to marble and travertine imports into China stood at +X%. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China and India increased by +X% and +X% percentage points, while Italy (-X p.p.) saw their share reduced.

In value terms, China ($X) constitutes the largest market for imported marble and travertine into Armenia, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

In China, marble and travertine imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and Italy (-X% per year).

Import Prices by Country

The marble and travertine import price in Armenia stood at $X per ton in 2018, growing by X% against the previous year. Over the period under review, the marble and travertine import price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. In that year, the import prices for marble and travertine attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for marble and travertine failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform