Central Asia: Marble And Travertine Market 2022

Marble And Travertine Market Size in Central Asia

After two years of decline, the Central Asian marble and travertine market increased by 120% to $X in 2021. Over the period under review, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Marble And Travertine Production in Central Asia

In value terms, marble and travertine production stood at $X in 2021 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 279%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Marble And Travertine Exports

Exports in Central Asia

In 2021, overseas shipments of marble and travertine increased by 59% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a noticeable setback. The growth pace was the most rapid in 2015 when exports increased by 2,703% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine exports soared to $X in 2021. Overall, exports continue to indicate a strong increase. The growth pace was the most rapid in 2015 with an increase of 447% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons) and Uzbekistan (X tons) dominates exports structure, together making up 95% of total exports. The following exporters - Kazakhstan (X tons) and Tajikistan (X tons) - each amounted to a 3.8% share of total exports.

From 2012 to 2021, the biggest increases were in Uzbekistan (with a CAGR of +43.5%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Uzbekistan ($X) emerged as the largest marble and travertine supplier in Central Asia, comprising 69% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 29% share of total exports. It was followed by Kazakhstan, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan stood at +99.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (+5.4% per year) and Kazakhstan (-14.3% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, rising by 81% against the previous year. Over the period under review, the export price posted significant growth. The most prominent rate of growth was recorded in 2014 an increase of 320%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+38.8%), while the other leaders experienced more modest paces of growth.

Marble And Travertine Imports

Imports in Central Asia

In 2021, after two years of growth, there was decline in overseas purchases of marble and travertine, when their volume decreased by -1% to X tons. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, marble and travertine imports dropped remarkably to $X in 2021. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 993%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Tajikistan represented the main importer of marble and travertine in Central Asia, with the volume of imports reaching X tons, which was near 65% of total imports in 2021. It was distantly followed by Kazakhstan (X tons), committing a 27% share of total imports. Kyrgyzstan (X tons), Uzbekistan (X tons) and Turkmenistan (X tons) followed a long way behind the leaders.

Tajikistan was also the fastest-growing in terms of the marble and travertine imports, with a CAGR of +59.9% from 2012 to 2021. Kyrgyzstan (-3.1%), Kazakhstan (-18.2%), Uzbekistan (-19.6%) and Turkmenistan (-24.6%) illustrated a downward trend over the same period. Tajikistan (+65 p.p.) and Uzbekistan (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan and Kazakhstan saw its share reduced by -9.2% and -58.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X) constitutes the largest market for imported marble and travertine in Central Asia, comprising 52% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 25% share of total imports. It was followed by Kyrgyzstan, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Tajikistan totaled +66.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-11.5% per year) and Kyrgyzstan (+2.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, reducing by -29.3% against the previous year. In general, the import price, however, posted mild growth. The most prominent rate of growth was recorded in 2017 an increase of 1,141% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 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 Turkmenistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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