Libya: Marble And Travertine Market 2022

Marble And Travertine Market Size in Libya

The Libyan marble and travertine market soared to $X in 2021, jumping by 55% 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). Overall, consumption, however, saw a precipitous descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Marble And Travertine Exports

Exports from Libya

Marble and travertine exports from Libya surged to X tons in 2021, growing by 397% against the previous year's figure. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 511% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, marble and travertine exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,067% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for marble and travertine exports from Libya, accounting for a 73% share of total exports. Moreover, marble and travertine exports to Italy exceeded the volume sent to the second major destination, Oman (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Tunisia (-20.0% per year).

In value terms, Italy ($X) remains the key foreign market for marble and travertine exports from Libya, comprising 86% of total exports. The second position in the ranking was held by Oman ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Tunisia (-13.3% per year).

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, rising by 31% against the previous year. In general, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 91% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Oman ($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 Italy (+10.2%).

Marble And Travertine Imports

Imports into Libya

Marble and travertine imports into Libya skyrocketed to X tons in 2021, jumping by 81% on 2020. Over the period under review, imports, however, saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 137% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, marble and travertine imports soared to $X in 2021. In general, imports, however, continue to indicate a sharp decline. The growth pace was the most rapid in 2018 with an increase of 132% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest marble and travertine supplier to Libya, with a 50% share of total imports. Moreover, marble and travertine imports from Greece exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Tunisia (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Greece totaled -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.5% per year) and Tunisia (-17.7% per year).

In value terms, the largest marble and travertine suppliers to Libya were Greece ($X), Turkey ($X) and Italy ($X), with a combined 72% share of total imports. These countries were followed by Pakistan, North Macedonia, Tunisia, Morocco and Spain, which together accounted for a further 21%.

Among the main suppliers, North Macedonia, with a CAGR of -5.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average marble and travertine import price stood at $X per ton in 2021, with a decrease of -19.1% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average 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 Spain ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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