Asia-Pacific: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Asia-Pacific

The Asia-Pacific marble and travertine crude market reduced modestly to $X in 2022, leveling off at the previous year. Over the period under review, consumption saw a pronounced slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Marble And Travertine in Asia-Pacific

In value terms, marble and travertine crude production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 8.5% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports in Asia-Pacific

In 2022, the amount of marble and travertine exported in Asia-Pacific rose significantly to X tons, with an increase of 7.7% on 2021 figures. Over the period under review, exports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2017 with an increase of 29% against the previous year. Over the period under review, the crude exports reached the maximum 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 skyrocketed to $X in 2022. In general, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) and Afghanistan (X tons) represented the key exporters of marble and travertine in Asia-Pacific, together creating 73% of total exports. It was distantly followed by Pakistan (X tons), Vietnam (X tons) and India (X tons), together comprising a 22% share of total exports. Taiwan (Chinese) (X tons) took a little 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, China ($X) emerged as the largest marble and travertine crude supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was held by Afghanistan ($X), with a 24% share of total exports. It was followed by Vietnam, with a 10% share.

In China, marble and travertine crude exports expanded at an average annual rate of +16.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (+37.5% per year) and Vietnam (+4.1% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 39% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 crude export price increased by +86.7% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Pakistan ($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 more modest paces of growth.

Imports of Marble And Travertine

Imports in Asia-Pacific

In 2022, marble and travertine crude imports in Asia-Pacific fell sharply to X tons, which is down by -24.6% on 2021. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 86%. Over the period under review, crude imports hit record highs 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 when imports increased by 41%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China was the largest importing country with an import of around X tons, which accounted for 72% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 14% share, followed by Pakistan (8.3%). Bangladesh (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%) and Bangladesh (+24.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +28.4% from 2012-2022. By contrast, Taiwan (Chinese) (-12.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan, Taiwan (Chinese) and Bangladesh increased by +8.2, +7 and +2.4 percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported marble and travertine in Asia-Pacific, comprising 60% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 19% share of total imports. It was followed by Pakistan, with a 5.2% share.

In China, marble and travertine crude imports decreased 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-Pacific amounted to $X per ton, growing by 9.5% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% 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 crude import price increased by +37.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 61% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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) ($X per ton), while Bangladesh ($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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