Kenya: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Kenya

The Kenyan marble and travertine crude market shrank to $X in 2022, with a decrease of -7.4% against the previous year. Overall, consumption recorded a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in Kenya

In value terms, marble and travertine crude production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 22% against the previous year. Marble and travertine crude production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports from Kenya

In 2022, approx. X tons of marble and travertine were exported from Kenya; jumping by 193% on the year before. Over the period under review, exports, however, recorded a noticeable curtailment. Over the period under review, the crude exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports skyrocketed to $X in 2022. Overall, exports recorded a modest increase. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Democratic Republic of the Congo (X tons) and China (X kg) were the main destinations of marble and travertine crude exports from Kenya, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +13.6%), while the other leaders experienced a decline.

In value terms, Italy ($X) remains the key foreign market for marble and travertine exports from Kenya, comprising 85% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+1.4% per year) and China (-3.3% per year).

Export Prices by Country

The average marble and travertine crude export price stood at $X per ton in 2022, growing by 11% against the previous year. Overall, the export price saw pronounced growth. The pace of growth was the most pronounced in 2014 an increase of 66% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+33.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine

Imports into Kenya

In 2022, overseas purchases of marble and travertine increased by 118% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 42,001% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of crude imports failed to regain momentum.

In value terms, marble and travertine crude imports surged to $X in 2022. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 32,186%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of crude imports failed to regain momentum.

Imports by Country

China (X tons), Italy (X tons) and India (X tons) were the main suppliers of marble and travertine crude imports to Kenya, together accounting for 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine crude suppliers to Kenya were Italy ($X), China ($X) and the United Arab Emirates ($X), together comprising 60% of total imports.

Among the main suppliers, Italy, with a CAGR of +27.4%, 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 2022, the average marble and travertine crude import price amounted to $X per ton, waning by -4% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 import price increased by +32.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 99%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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