EU: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in the EU

In 2022, the EU marble and travertine crude market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Marble And Travertine in the EU

In value terms, marble and travertine crude production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 8.3% against the previous year. Over the period under review, crude production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports in the EU

In 2022, exports of marble and travertine in the European Union declined to X tons, reducing by -14.3% against the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 27%. The volume of export 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 contracted dramatically to $X in 2022. Over the period under review, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2017 when exports increased by 54% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Italy (X tons) and Greece (X tons) were the key exporters of marble and travertine in the European Union, together committing 85% of total exports. It was distantly followed by Spain (X tons), constituting an 11% share of total exports. Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Greece (with a CAGR of -0.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Italy ($X) remains the largest marble and travertine crude supplier in the European Union, comprising 61% of total exports. The second position in the ranking was taken by Greece ($X), with a 30% share of total exports. It was followed by Spain, with a 5.3% share.

In Italy, marble and travertine crude exports increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Greece (-0.5% per year) and Spain (-18.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, dropping by -11.1% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 crude export price increased by +1.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Marble And Travertine

Imports in the EU

In 2022, marble and travertine crude imports in the European Union declined remarkably to X tons, waning by -18.5% on the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. Over the period under review, crude imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, marble and travertine crude imports fell to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 57%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) represented the largest importer of marble and travertine, making up 43% of total imports. Greece (X tons) ranks second in terms of the total imports with a 22% share, followed by Germany (21%) and Spain (5.7%). The following importers - Denmark (X tons) and Portugal (X tons) - each reached a 3.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +49.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constitutes the largest market for imported marble and travertine in the European Union, comprising 69% of total imports. The second position in the ranking was taken by Greece ($X), with a 13% share of total imports. It was followed by Spain, with a 6.6% share.

In Italy, marble and travertine crude imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Greece (+0.8% per year) and Spain (+5.4% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, growing by 16% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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