Canada: Marble And Travertine Market 2022

Marble And Travertine Market Size in Canada

The Canadian marble and travertine market rose remarkably to $X in 2021, picking up by 11% against the previous year. In general, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Canada

In value terms, marble and travertine production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 33%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Marble And Travertine Exports

Exports from Canada

In 2021, the amount of marble and travertine exported from Canada expanded modestly to X tons, surging by 2.3% compared with the previous year's figure. In general, exports showed a perceptible increase. The pace of growth appeared the most rapid in 2017 with an increase of 40%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, marble and travertine exports dropped rapidly to $X in 2021. Overall, exports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 58% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for marble and travertine exports from Canada, accounting for a 93% share of total exports. Moreover, marble and travertine exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+4.0% per year) and China (-29.3% per year).

In value terms, the United States ($X) remains the key foreign market for marble and travertine exports from Canada, comprising 81% of total exports. The second position in the ranking was taken by China ($X), with an 8.3% share of total exports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-26.0% per year) and Italy (+4.2% per year).

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, declining by -21.8% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Marble And Travertine Imports

Imports into Canada

Marble and travertine imports into Canada rose modestly to X tons in 2021, increasing by 1.5% compared with the previous year. In general, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2020 when imports increased by 26% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, marble and travertine imports reduced markedly to $X in 2021. Overall, imports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2016 when imports increased by 12%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main marble and travertine supplier to Canada, accounting for a 97% share of total imports. It was followed by China (X tons), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -2.7%.

In value terms, the United States ($X) constituted the largest supplier of marble and travertine to Canada, comprising 93% of total imports. The second position in the ranking was taken by China ($X), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -1.9%.

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, shrinking by -20.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.8%).

Source: IndexBox Platform

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