Italy: Marble And Travertine Market 2022

Marble And Travertine Market Size in Italy

In 2021, after two years of decline, there was growth in the Italian marble and travertine market, when its value increased by 0.6% to $X. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Marble and travertine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Marble And Travertine Production in Italy

In value terms, marble and travertine production rose remarkably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.9% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 42% against the previous year. Marble and travertine production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Marble And Travertine Exports

Exports from Italy

After three years of decline, shipments abroad of marble and travertine increased by 22% to X tons in 2021. In general, exports, however, saw a pronounced decrease. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, marble and travertine exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for marble and travertine exports from Italy, accounting for a 48% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, India (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-8.3% per year) and Egypt (+2.8% per year).

In value terms, China ($X) remains the key foreign market for marble and travertine exports from Italy, comprising 56% of total exports. The second position in the ranking was taken by India ($X), with an 8.8% share of total exports. It was followed by Egypt, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-10.5% per year) and Egypt (+4.0% per year).

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, rising by 8.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Jordan ($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 Libya (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Marble And Travertine Imports

Imports into Italy

In 2021, approx. X tons of marble and travertine were imported into Italy; jumping by 21% against 2020. In general, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 60%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, marble and travertine imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Croatia (X tons) and Turkey (X tons) were the main suppliers of marble and travertine imports to Italy, with a combined 38% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +33.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine suppliers to Italy were China ($X), Turkey ($X) and Brazil ($X), with a combined 39% share of total imports. Namibia, Iran, Croatia, Tunisia, Greece, Albania, India, Belgium, Morocco and Egypt lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, Albania, with a CAGR of +33.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, surging by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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