Europe: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Europe

In 2022, the Europe marble and travertine crude market increased by 1.5% to $X for the first time since 2015, thus ending a six-year declining trend. Overall, consumption, however, showed a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine in Europe

In value terms, marble and travertine crude production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 5.7% against the previous year. Over the period under review, crude production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports in Europe

In 2022, approx. X tons of marble and travertine were exported in Europe; shrinking by -9.2% against 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 27% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports dropped notably to $X in 2022. Over the period under review, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) and Greece (X tons) dominates exports structure, together creating 78% of total exports. Spain (X tons) held the next position in the ranking, followed by North Macedonia (X tons). All these countries together held near 15% share of total exports. Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +17.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Italy ($X) remains the largest marble and travertine crude supplier in Europe, comprising 57% of total exports. The second position in the ranking was held by Greece ($X), with a 29% share of total exports. It was followed by Spain, with a 5% share.

In Italy, marble and travertine crude exports expanded 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 Europe stood at $X per ton in 2022, which is down by -11.6% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +3.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 21% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped 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 North Macedonia (+8.1%), while the other leaders experienced more modest paces of growth.

Imports of Marble And Travertine

Imports in Europe

In 2022, approx. X tons of marble and travertine were imported in Europe; with a decrease of -16.3% against the previous year. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, marble and travertine crude imports contracted to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 56%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) was the largest importer of marble and travertine, committing 38% of total imports. It was distantly followed by Greece (X tons), Germany (X tons), Albania (X tons) and Spain (X tons), together mixing up a 49% share of total imports. Switzerland (X tons) and Denmark (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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 ($X) constitutes the largest market for imported marble and travertine in Europe, comprising 66% of total imports. The second position in the ranking was held by Greece ($X), with a 12% share of total imports. It was followed by Spain, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value in Italy was relatively modest. 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 Europe amounted to $X per ton, surging by 13% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 mixed trends in the import price figures.

Source: IndexBox Platform