China: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in China

The Chinese marble and travertine crude market declined to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in China

In value terms, marble and travertine crude production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 24%. As a result, production attained the peak level of $X. From 2017 to 2022, crude production growth failed to regain momentum.

Exports of Marble And Travertine

Exports from China

In 2022, after four years of decline, there was significant growth in overseas shipments of marble and travertine, when their volume increased by 41% to X tons. In general, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 91%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the crude exports remained at a lower figure.

In value terms, marble and travertine crude exports skyrocketed to $X in 2022. Overall, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for marble and travertine crude exports from China, with a 61% share of total exports. Moreover, marble and travertine crude exports to India exceeded the volume sent to the second major destination, Pakistan (X tons), ninefold. Japan (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+79.1% per year) and Japan (+28.1% per year).

In value terms, India ($X) remains the key foreign market for marble and travertine exports from China, comprising 65% of total exports. The second position in the ranking was held by Vietnam ($X), with a 6.7% share of total exports. It was followed by Japan, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +54.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+31.9% per year) and Japan (+39.9% per year).

Export Prices by Country

The average marble and travertine crude export price stood at $X per ton in 2022, rising by 135% against the previous year. Overall, the export price enjoyed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into China

In 2022, imports of marble and travertine into China plummeted to X tons, which is down by -27.3% on 2021 figures. Over the period under review, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 97% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, marble and travertine crude imports fell dramatically to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by 47% against the previous year. Over the period under review, crude imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Portugal (X tons) and Turkey (X tons) were the main suppliers of marble and travertine crude imports to China, with a combined 62% share of total imports. Iran, Greece, Namibia, Tunisia, Spain, Egypt and Pakistan lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Namibia (with a CAGR of +23.7%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of marble and travertine to China, comprising 40% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Portugal, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-25.0% per year) and Portugal (-9.4% per year).

Import Prices by Country

The average marble and travertine crude import price stood at $X per ton in 2022, shrinking by -4.9% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +17.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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