Cyprus: Marble And Travertine Market 2020

Marble And Travertine Market Size in Cyprus

The revenue of the marble and travertine market in Cyprus amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, marble and travertine consumption continues to indicate a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the marble and travertine market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Marble And Travertine Exports

Exports from Cyprus

In 2018, the amount of marble and travertine exported from Cyprus amounted to X tons, growing by X% against the previous year. Overall, marble and travertine exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. In that year, marble and travertine exports attained their peak of X tons. From 2014 to 2018, the growth of marble and travertine exports failed to regain its momentum.

In value terms, marble and travertine exports amounted to $X in 2018. Overall, marble and travertine exports continue to indicate notable growth. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, marble and travertine exports attained their peak figure at $X in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Turkey (X tons) was the key exporter of marble and travertine, achieving X% of total exports. Italy (X tons) took the second position in the ranking, followed by Egypt (X tons), Iran (X tons), Portugal (X tons) and Spain (X tons). All these countries together took approx. X% share of total exports. Greece (X tons) and India (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the marble and travertine exports, with a CAGR of +X% from 2007 to 2018. At the same time, Portugal (+X%), Egypt (+X%), Greece (+X%), Italy (+X%) and Iran (+X%) displayed positive paces of growth. India and Spain experienced a relatively flat trend pattern. While the share of Turkey (+X p.p.), Egypt (+X p.p.), Italy (+X p.p.), Portugal (+X p.p.) and Greece (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine supplier from Cyprus, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Iran, with a X% share.

In Turkey, marble and travertine exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Italy (+X% per year) and Iran (+X% per year).

Export Prices by Country

The marble and travertine export price in Cyprus stood at $X per ton in 2018, remaining relatively unchanged against the previous year. Over the period under review, the marble and travertine export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices for marble and travertine attained their peak figure at $X per ton in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Marble And Travertine Imports

Imports into Cyprus

In 2018, approx. X tons of marble and travertine were imported into Cyprus; declining by -X% against the previous year. In general, marble and travertine imports continue to indicate an abrupt reduction. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Cyprus imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, marble and travertine imports amounted to $X in 2018. Over the period under review, marble and travertine imports continue to indicate an abrupt setback. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

China dominates marble and travertine imports structure, finishing at X tons, which was near X% of total imports in 2018. It was distantly followed by India (X tons), comprising a X% share of total imports. Italy (X tons) occupied a minor share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and India (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported marble and travertine into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Italy (-X% per year).

Import Prices by Country

The marble and travertine import price in Cyprus stood at $X per ton in 2018, approximately mirroring the previous year. Over the period under review, the marble and travertine import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. In that year, the import prices for marble and travertine attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for marble and travertine remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform