India: Marble And Travertine Market 2022

Marble And Travertine Market Size in India

The Indian marble and travertine market rose notably to $X in 2021, with an increase of 12% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Marble And Travertine Production in India

In value terms, marble and travertine production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 3.1% against the previous year. Marble and travertine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Marble And Travertine Exports

Exports from India

In 2021, marble and travertine exports from India soared to X tons, surging by 33% against the year before. Over the period under review, total exports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, marble and travertine exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X tons), China (X tons) and Nepal (X tons) were the main destinations of marble and travertine exports from India, with a combined 62% share of total exports. Egypt, the United States, Ireland, France, Bangladesh, Italy and Canada lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +83.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for marble and travertine exports from India, comprising 30% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Nepal, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.5% per year) and Nepal (+2.6% per year).

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, with a decrease of -4.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Marble And Travertine Imports

Imports into India

In 2021, approx. X tons of marble and travertine were imported into India; picking up by 65% on 2020. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 68%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, marble and travertine imports skyrocketed to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of marble and travertine to India, accounting for a 62% share of total imports. Moreover, marble and travertine imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.8% per year) and the United Arab Emirates (+208.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of marble and travertine to India, comprising 57% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.2% per year) and the United Arab Emirates (+179.4% per year).

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, surging by 3.9% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.3% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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