Ethiopia: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Ethiopia

The Ethiopian marble and travertine blocks market fell modestly to $X in 2022, approximately reflecting the previous year. In general, consumption saw a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Marble And Travertine Blocks And Slabs in Ethiopia

In value terms, marble and travertine blocks production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by 43%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Ethiopia

In 2022, overseas shipments of marble and travertine blocks and slabs were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 252%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, marble and travertine blocks exports rose slightly to $X in 2022. Over the period under review, exports saw prominent growth. The growth pace was the most rapid in 2019 with an increase of 132% against the previous year. As a result, the exports reached the peak of $X. From 2020 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 Ethiopia, with a 58% share of total exports. Moreover, marble and travertine blocks exports to China exceeded the volume sent to the second major destination, Djibouti (X tons), twofold. India (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Djibouti (+27.8% per year) and India (+0.8% per year).

In value terms, the largest markets for marble and travertine blocks exported from Ethiopia were China ($X), Djibouti ($X) and India ($X), with a combined 98% share of total exports.

In terms of the main countries of destination, China, with a CAGR of +33.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-5.7%), while the prices for the other major destinations experienced a decline.

Imports of Marble And Travertine Blocks And Slabs

Imports into Ethiopia

After two years of growth, overseas purchases of marble and travertine blocks and slabs decreased by -13.3% to X tons in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 2,180%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, marble and travertine blocks imports dropped notably to $X in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 2,340%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Egypt (X tons), India (X tons) and China (X tons) were the main suppliers of marble and travertine blocks imports to Ethiopia, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +99.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of marble and travertine blocks and slabs to Ethiopia, comprising 75% of total imports. The second position in the ranking was held by Egypt ($X), with an 18% share of total imports. It was followed by India, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +123.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+45.8% per year) and India (+59.3% per year).

Import Prices by Country

The average marble and travertine blocks import price stood at $X per ton in 2022, waning by -28.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 216% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 China ($X per ton), while the price for Tunisia ($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 (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform