Eastern Europe: Marble And Travertine Market 2022

Marble And Travertine Market Size in Eastern Europe

The East European marble and travertine market reduced modestly to $X in 2021, remaining relatively unchanged against the previous year. In general, consumption, however, continues to indicate a pronounced decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Marble And Travertine Production in Eastern Europe

In value terms, marble and travertine production fell slightly to $X in 2021 estimated in export price. In general, production, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2017 with an increase of 16%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Marble And Travertine Exports

Exports in Eastern Europe

In 2021, overseas shipments of marble and travertine decreased by -2.6% to X tons, falling for the third year in a row after three years of growth. In general, exports saw a mild reduction. The growth pace was the most rapid in 2013 with an increase of 45%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, marble and travertine exports soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

In 2021, Bulgaria (X tons) was the largest exporter of marble and travertine, creating 78% of total exports. Russia (X tons) ranks second in terms of the total exports with an 11% share, followed by Poland (5.3%). Romania (X tons) followed a long way behind the leaders.

Exports from Bulgaria decreased at an average annual rate of -1.3% from 2012 to 2021. At the same time, Poland (+7.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +7.3% from 2012-2021. Russia experienced a relatively flat trend pattern. By contrast, Romania (-8.0%) illustrated a downward trend over the same period. Poland (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Romania saw its share reduced by -2.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) remains the largest marble and travertine supplier in Eastern Europe, comprising 53% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by Romania, with an 8.6% share.

In Bulgaria, marble and travertine exports increased at an average annual rate of +8.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+5.4% per year) and Romania (+8.8% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+18.2%), while the other leaders experienced more modest paces of growth.

Marble And Travertine Imports

Imports in Eastern Europe

In 2021, marble and travertine imports in Eastern Europe contracted slightly to X tons, which is down by -2.3% on the previous year's figure. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, marble and travertine imports reduced rapidly to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.7% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 61%. The level of import peaked at $X in 2020, and then fell markedly in the following year.

Imports by Country

The purchases of the six major importers of marble and travertine, namely Romania, Bulgaria, Russia, the Czech Republic, Belarus and Slovakia, represented more than two-thirds of total import. It was distantly followed by Poland (X tons), generating a 4.6% share of total imports.

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine importing markets in Eastern Europe were Russia ($X), Romania ($X) and the Czech Republic ($X), together comprising 53% of total imports.

The Czech Republic, with a CAGR of +14.8%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, shrinking by -13.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Slovakia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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