Asia: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Asia

The Asian marble and travertine blocks market dropped markedly to $X in 2022, with a decrease of -25.4% against the previous year. Overall, consumption, however, saw tangible growth. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Production of Marble And Travertine Blocks And Slabs in Asia

In value terms, marble and travertine blocks production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 114%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports in Asia

In 2022, the amount of marble and travertine blocks and slabs exported in Asia reduced notably to X tons, with a decrease of -17% on the previous year. Overall, exports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2017 when exports increased by 33%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine blocks exports shrank sharply to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. 78% of total exports in 2022. It was distantly followed by Iran (X tons), committing a 9.2% share of total exports. The United Arab Emirates (X tons), India (X tons), Pakistan (X tons) and Cambodia (X tons) took a relatively small share of total exports.

Exports from Turkey decreased at an average annual rate of -1.0% from 2012 to 2022. At the same time, Cambodia (+87.3%) and the United Arab Emirates (+44.7%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +87.3% from 2012-2022. By contrast, Iran (-1.1%), India (-6.6%) and Pakistan (-8.7%) illustrated a downward trend over the same period. Turkey (+3.4 p.p.), the United Arab Emirates (+3.2 p.p.) and Cambodia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while India and Pakistan saw its share reduced by -1.9% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine blocks supplier in Asia, comprising 72% of total exports. The second position in the ranking was taken by Iran ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 4.3% share.

In Turkey, marble and travertine blocks exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+2.3% per year) and the United Arab Emirates (+36.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the export price increased by 9.4% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+3.4%), while the other leaders experienced more modest paces of growth.

Imports of Marble And Travertine Blocks And Slabs

Imports in Asia

In 2022, the amount of marble and travertine blocks and slabs imported in Asia plummeted to X tons, waning by -15.5% against the previous year's figure. Overall, imports saw a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 126%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, marble and travertine blocks imports reduced remarkably to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2022, China (X tons) represented the main importer of marble and travertine blocks and slabs, mixing up 70% of total imports. It was distantly followed by India (X tons), generating a 23% share of total imports.

Imports into China decreased at an average annual rate of -3.0% from 2012 to 2022. At the same time, India (+9.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +9.0% from 2012-2022. While the share of India (+15 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-10.7 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported marble and travertine blocks and slabs in Asia, comprising 72% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports.

In China, marble and travertine blocks imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, waning by -2.5% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 blocks import price increased by +35.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 60% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%).

Source: IndexBox Platform

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