GCC: Marble And Travertine Market 2022

Marble And Travertine Market Size in GCC

The GCC marble and travertine market surged to $X in 2021, jumping by 39% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.3% against 2014 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Marble And Travertine Production in GCC

In value terms, marble and travertine production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 15% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Marble And Travertine Exports

Exports in GCC

In 2021, overseas shipments of marble and travertine decreased by -52.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, continue to indicate notable growth. The growth pace was the most rapid in 2017 with an increase of 356% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, marble and travertine exports declined remarkably to $X in 2021. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 173% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Oman was the main exporting country with an export of about X tons, which reached 71% of total exports. Saudi Arabia (X tons) ranks second in terms of the total exports with a 24% share, followed by the United Arab Emirates (4.6%).

Exports from Oman increased at an average annual rate of +2.2% from 2012 to 2021. At the same time, Saudi Arabia (+11.4%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +11.4% from 2012-2021. By contrast, the United Arab Emirates (-3.6%) illustrated a downward trend over the same period. Saudi Arabia (+12 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Oman saw its share reduced by -4.1% and -7.7% from 2012 to 2021, respectively.

In value terms, Oman ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 100% of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +5.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, shrinking by -33% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 39%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.0%), while the other leaders experienced a decline in the export price figures.

Marble And Travertine Imports

Imports in GCC

Marble and travertine imports surged to X tons in 2021, jumping by 31% against 2020. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 79% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, marble and travertine imports shrank remarkably to $X in 2021. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 44% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Qatar was the main importing country with an import of around X tons, which reached 51% of total imports. It was distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons), together making up a 47% share of total imports.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together comprising 80% of total imports. Oman lagged somewhat behind, accounting for a further 10%.

Among the main importing countries, Oman, with a CAGR of +4.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, which is down by -38.1% against the previous year. In general, the import price faced a deep downturn. The growth pace was the most rapid in 2019 when the import price increased by 10% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform