Bahrain: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Bahrain

The Bahraini marble and travertine blocks market fell markedly to $X in 2022, declining by -47.6% against the previous year. In general, consumption recorded a noticeable decline. Marble and travertine blocks consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine Blocks And Slabs in Bahrain

In value terms, marble and travertine blocks production declined significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 399% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Bahrain

In 2022, the amount of marble and travertine blocks and slabs exported from Bahrain reduced sharply to X tons, with a decrease of -41.3% against 2021 figures. Overall, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 476% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine blocks exports dropped sharply to $X in 2022. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 393% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for marble and travertine blocks exports from Bahrain, with a 99% share of total exports. It was followed by Qatar (X kg), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for marble and travertine blocks and slabs exports from Bahrain, comprising 93% of total exports. The second position in the ranking was held by Qatar ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, picking up by 2.5% against the previous year. Overall, the export price posted a notable expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 142%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine Blocks And Slabs

Imports into Bahrain

In 2022, supplies from abroad of marble and travertine blocks and slabs decreased by -47.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a slight downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 146%. Imports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, marble and travertine blocks imports declined notably to $X in 2022. In general, imports saw a slight decline. The pace of growth appeared the most rapid in 2014 when imports increased by 214% against the previous year. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of marble and travertine blocks to Bahrain, with a 48% share of total imports. Moreover, marble and travertine blocks imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. The third position in this ranking was taken by Pakistan (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +86.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+12.5% per year) and Pakistan (+20.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of marble and travertine blocks and slabs to Bahrain, comprising 38% of total imports. The second position in the ranking was held by Egypt ($X), with a 17% share of total imports. It was followed by Pakistan, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +41.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+10.6% per year) and Pakistan (+20.6% per year).

Import Prices by Country

The average marble and travertine blocks import price stood at $X per ton in 2022, waning by -20% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 184% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform