Jordan: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Jordan

The Jordanian marble and travertine blocks market reduced modestly to $X in 2022, with a decrease of -3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Marble And Travertine Blocks And Slabs

Exports from Jordan

After three years of growth, overseas shipments of marble and travertine blocks and slabs decreased by -66.7% to X tons in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 298% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine blocks exports shrank remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 238%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for marble and travertine blocks exports from Jordan, with a 98% share of total exports. It was followed by Saudi Arabia (X tons), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq stood at +8.7%.

In value terms, Iraq ($X) emerged as the key foreign market for marble and travertine blocks and slabs exports from Jordan, comprising 98% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iraq totaled +9.8%.

Export Prices by Country

In 2022, the average marble and travertine blocks export price amounted to $X per ton, which is down by -3.1% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 103% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine Blocks And Slabs

Imports into Jordan

Marble and travertine blocks imports into Jordan reduced to X tons in 2022, shrinking by -7.6% on the previous year. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,068%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, marble and travertine blocks imports reduced slightly to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 844%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest marble and travertine blocks supplier to Jordan, accounting for a 62% share of total imports. Moreover, marble and travertine blocks imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Sweden (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.3% per year) and Sweden (+87.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of marble and travertine blocks and slabs to Jordan, comprising 62% of total imports. The second position in the ranking was held by Italy ($X), with a 22% share of total imports. It was followed by Sweden, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled +58.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.1% per year) and Sweden (+160.8% per year).

Import Prices by Country

In 2022, the average marble and travertine blocks import price amounted to $X per ton, picking up by 4.4% against the previous year. Overall, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2020 when the average import price increased by 242%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per ton) and Spain ($X per ton), while the price for Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform