Eastern Asia: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Eastern Asia

The East Asian marble and travertine blocks market plummeted to $X in 2022, with a decrease of -24% against the previous year. In general, consumption showed a pronounced slump. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Marble And Travertine Blocks And Slabs in Eastern Asia

In value terms, marble and travertine blocks production fell modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports in Eastern Asia

In 2022, approx. X tons of marble and travertine blocks and slabs were exported in Eastern Asia; picking up by 1.7% against the previous year. Over the period under review, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine blocks exports skyrocketed to $X in 2022. In general, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was near 84% of total exports in 2022. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by Democratic People's Republic of Korea (X tons). All these countries together took approx. 15% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to marble and travertine blocks exports from China stood at -6.0%. At the same time, Democratic People's Republic of Korea (+8.9%) and Taiwan (Chinese) (+2.9%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.9% from 2012-2022. While the share of Democratic People's Republic of Korea (+5.2 p.p.) and Taiwan (Chinese) (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest marble and travertine blocks supplier in Eastern Asia, comprising 96% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +19.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.2% per year) and Democratic People's Republic of Korea (-2.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by 106% against the previous year. Overall, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Marble And Travertine Blocks And Slabs

Imports in Eastern Asia

Marble and travertine blocks imports dropped markedly to X tons in 2022, which is down by -26.6% on the year before. Over the period under review, imports showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 155%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, marble and travertine blocks imports dropped significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 40%. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

The countries with the highest levels of marble and travertine blocks imports in 2022 were China (X tons), together recording 99% of total import.

China was also the fastest-growing in terms of the marble and travertine blocks and slabs imports, with a CAGR of -3.0% from 2012 to 2022. China (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported marble and travertine blocks and slabs in Eastern Asia.

In China, marble and travertine blocks imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, shrinking by -2.1% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 blocks import price increased by +45.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 92% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.9% per year.

Source: IndexBox Platform

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