Asia: Marble And Travertine Market 2022

Marble And Travertine Market Size in Asia

In 2021, the Asian marble and travertine market increased by 2.2% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Marble And Travertine Production in Asia

In value terms, marble and travertine production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Marble And Travertine Exports

Exports in Asia

After three years of decline, shipments abroad of marble and travertine increased by 20% to X tons in 2021. Overall, exports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine exports totaled $X in 2021. In general, exports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 29%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was near 74% of total exports in 2021. Iran (X tons) held a 9% share (based on physical terms) of total exports, which put it in second place, followed by India (4.7%) and Pakistan (4.7%). The following exporters - Oman (X tons) and Cambodia (X tons) - each amounted to a 3.2% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to marble and travertine exports from Turkey stood at -2.3%. At the same time, Cambodia (+171.8%), Oman (+2.2%) and India (+1.9%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +171.8% from 2012-2021. By contrast, Pakistan (-1.6%) and Iran (-2.5%) illustrated a downward trend over the same period. Cambodia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -1.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine supplier in Asia, comprising 75% of total exports. The second position in the ranking was held by Iran ($X), with an 11% share of total exports. It was followed by India, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled -1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (-1.2% per year) and India (+1.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, falling by -5.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 6.3% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Marble And Travertine Imports

Imports in Asia

After three years of decline, supplies from abroad of marble and travertine increased by 27% to X tons in 2021. Over the period under review, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, marble and travertine imports soared to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the major importer of marble and travertine, constituting 78% of total imports. It was distantly followed by India (X tons), committing a 12% share of total imports. Jordan (X tons) held a relatively small share of total imports.

Imports into China decreased at an average annual rate of -3.3% from 2012 to 2021. At the same time, India (+5.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +5.6% from 2012-2021. By contrast, Jordan (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +6.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported marble and travertine in Asia, comprising 82% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports.

In China, marble and travertine imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (+1.0% per year) and Jordan (-1.7% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, rising by 9.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2016 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Jordan ($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 (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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