Colombia: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Colombia

In 2022, after three years of growth, there was significant decline in the Colombian marble and travertine blocks market, when its value decreased by -8.3% to $X. In general, consumption continues to indicate a perceptible slump. Marble and travertine blocks consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine Blocks And Slabs in Colombia

In value terms, marble and travertine blocks production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of 8.5%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Colombia

In 2022, shipments abroad of marble and travertine blocks and slabs was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 342%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, marble and travertine blocks exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by 223%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for marble and travertine blocks exports from Colombia, with a 97% share of total exports. It was followed by Guatemala (X kg), with a 2.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at -16.7%.

In value terms, China ($X) remains the key foreign market for marble and travertine blocks and slabs exports from Colombia, comprising 83% of total exports. The second position in the ranking was held by Guatemala ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at -10.3%.

Export Prices by Country

In 2022, the average marble and travertine blocks export price amounted to $X per ton, declining by -7% against the previous year. Overall, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.7%).

Imports of Marble And Travertine Blocks And Slabs

Imports into Colombia

In 2022, approx. X tons of marble and travertine blocks and slabs were imported into Colombia; reducing by -28.6% on 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 133%. As a result, imports reached the peak of X tons, and then contracted sharply in the following year.

In value terms, marble and travertine blocks imports declined sharply to $X in 2022. Overall, imports showed a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 147%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest marble and travertine blocks supplier to Colombia, with a 46% share of total imports. Moreover, marble and travertine blocks imports from Spain exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-15.6% per year) and Turkey (-17.3% per year).

In value terms, Spain ($X) constituted the largest supplier of marble and travertine blocks and slabs to Colombia, comprising 45% of total imports. The second position in the ranking was held by Egypt ($X), with a 4.4% share of total imports. It was followed by Turkey, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-16.9% per year) and Turkey (-18.0% per year).

Import Prices by Country

In 2022, the average marble and travertine blocks import price amounted to $X per ton, waning by -1.7% against the previous year. Overall, the import price saw a slight slump. The growth pace was the most rapid in 2020 an increase of 9.7% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Italy ($X per ton), while the price for Spain ($X per ton) and Egypt ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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