Egypt: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Egypt

The Egyptian marble and travertine crude market contracted slightly to $X in 2022, waning by -4% against the previous year. Over the period under review, consumption saw a noticeable contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Marble And Travertine in Egypt

In value terms, marble and travertine crude production fell to $X in 2022 estimated in export price. Overall, production showed a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of 81% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, crude production growth failed to regain momentum.

Exports of Marble And Travertine

Exports from Egypt

In 2022, overseas shipments of marble and travertine decreased by -15.5% to X tons, falling for the third year in a row after three years of growth. In general, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 33% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine crude exports dropped sharply to $X in 2022. Over the period under review, exports saw a dramatic slump. The pace of growth was the most pronounced in 2018 when exports increased by 9.3%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Jordan (X tons) was the main destination for marble and travertine crude exports from Egypt, with a 44% share of total exports. Moreover, marble and travertine crude exports to Jordan exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan stood at +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-19.3% per year) and China (-40.2% per year).

In value terms, Jordan ($X) remains the key foreign market for marble and travertine exports from Egypt, comprising 44% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jordan stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-18.0% per year) and China (-39.3% per year).

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, which is down by -9% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the average export price increased by 61% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and China ($X per ton), while the average price for exports to Italy ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into Egypt

In 2022, after six years of growth, there was decline in purchases abroad of marble and travertine, when their volume decreased by -0.4% to X tons. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, marble and travertine crude imports rose notably to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 123% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Turkey (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of marble and travertine crude imports to Egypt, together comprising 90% of total imports. Greece and India lagged somewhat behind, together comprising a further 8.3%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +48.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine crude suppliers to Egypt were Turkey ($X), Italy ($X) and Spain ($X), with a combined 88% share of total imports. Greece and India lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, Greece, with a CAGR of +40.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average marble and travertine crude import price amounted to $X per ton, growing by 9.9% against the previous year. In general, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 22%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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