Kuwait: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Kuwait

In 2022, the Kuwaiti marble and travertine blocks market decreased by -3.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a abrupt shrinkage. Marble and travertine blocks consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine Blocks And Slabs in Kuwait

In value terms, marble and travertine blocks production soared to $X in 2022 estimated in export price. In general, production showed a moderate expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 161%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Kuwait

In 2022, marble and travertine blocks exports from Kuwait contracted markedly to X tons, shrinking by -15.1% on the previous year. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,084% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine blocks exports reduced to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,127%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for marble and travertine blocks exports from Kuwait, with a 95% share of total exports. Moreover, marble and travertine blocks exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to +36.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+26.4% per year) and Italy (+13.7% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for marble and travertine blocks and slabs exports from Kuwait, comprising 65% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +40.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+33.9% per year) and Italy (+28.3% per year).

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, surging by 6.9% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 blocks export price decreased by -8.5% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 79%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia ($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 Italy (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine Blocks And Slabs

Imports into Kuwait

In 2022, the amount of marble and travertine blocks and slabs imported into Kuwait declined to X tons, which is down by -5.1% on the year before. Overall, imports faced a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 66%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, marble and travertine blocks imports dropped to $X in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest marble and travertine blocks supplier to Kuwait, with a 29% share of total imports. Moreover, marble and travertine blocks imports from Italy exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was taken by Tunisia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+6.8% per year) and Tunisia (+17.4% per year).

In value terms, Italy ($X) constituted the largest supplier of marble and travertine blocks and slabs to Kuwait, comprising 39% of total imports. The second position in the ranking was taken by Jordan ($X), with an 18% share of total imports. It was followed by Egypt, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+32.6% per year) and Egypt (-20.2% per year).

Import Prices by Country

The average marble and travertine blocks import price stood at $X per ton in 2022, waning by -9.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 26% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Jordan ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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