Asia: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Asia

The Asian marble and travertine crude market fell to $X in 2022, dropping by -2.8% against the previous year. Overall, consumption saw a noticeable descent. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in Asia

In value terms, marble and travertine crude production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. Over the period under review, crude production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports in Asia

For the sixth year in a row, Asia recorded decline in overseas shipments of marble and travertine, which decreased by -1.4% to X tons in 2022. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2016 when exports increased by 29% against the previous year. Over the period under review, the crude exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports expanded sharply to $X in 2022. Over the period under review, exports faced a deep downturn. The pace of growth was the most pronounced in 2016 when exports increased by 25%. Over the period under review, the crude exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey was the key exporting country with an export of around X tons, which accounted for 44% of total exports. Iran (X tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by China (9.5%) and Afghanistan (9.3%). Saudi Arabia (X tons), Pakistan (X tons) and the United Arab Emirates (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Afghanistan (with a CAGR of +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Turkey ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 76% share of total exports. Afghanistan, Pakistan, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, Afghanistan, with a CAGR of +37.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Marble And Travertine

Imports in Asia

Marble and travertine crude imports fell markedly to X tons in 2022, which is down by -22.7% compared with 2021. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 70%. Over the period under review, crude imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, marble and travertine crude imports shrank remarkably to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, crude imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China represented the largest importing country with an import of around X tons, which reached 60% of total imports. Taiwan (Chinese) (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (7%) and Lebanon (5.9%). Turkey (X tons), Bangladesh (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to marble and travertine crude imports into China stood at -20.4%. At the same time, Pakistan (+28.4%), Bangladesh (+24.3%), Turkey (+17.5%) and Oman (+11.1%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +28.4% from 2012-2022. By contrast, Lebanon (-9.4%) and Taiwan (Chinese) (-12.8%) illustrated a downward trend over the same period. Pakistan (+6.9 p.p.), Taiwan (Chinese) (+5.5 p.p.), Turkey (+4 p.p.), Lebanon (+3.7 p.p.), Bangladesh (+2 p.p.) and Oman (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -21% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported marble and travertine in Asia, comprising 53% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total imports. It was followed by Pakistan, with a 4.6% share.

In China, marble and travertine crude imports shrank by an average annual rate of -17.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-12.5% per year) and Pakistan (+39.0% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, picking up by 5.2% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marble and travertine crude import price increased by +31.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 49%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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