Malaysia: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Malaysia

The Malaysian marble and travertine blocks market reduced to $X in 2022, waning by -9.3% against the previous year. Overall, consumption showed a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine Blocks And Slabs in Malaysia

In value terms, marble and travertine blocks production stood at $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 48%. Marble and travertine blocks production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Marble And Travertine Blocks And Slabs

Exports from Malaysia

In 2022, after eight years of decline, there was significant growth in shipments abroad of marble and travertine blocks and slabs, when their volume increased by 86% to X tons. Overall, exports, however, showed a mild downturn. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine blocks exports skyrocketed to $X in 2022. In general, exports, however, saw a pronounced reduction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for marble and travertine blocks exports from Malaysia, accounting for a 99% share of total exports. It was followed by Brunei Darussalam (X tons), with a 0.2% share of total exports. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (-19.6% per year) and Taiwan (Chinese) (-36.3% per year).

In value terms, China ($X) remains the key foreign market for marble and travertine blocks and slabs exports from Malaysia, comprising 96% of total exports. The second position in the ranking was held by Indonesia ($X), with a 0.2% share of total exports. It was followed by Brunei Darussalam, with a 0.2% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-35.1% per year) and Brunei Darussalam (-26.9% per year).

Export Prices by Country

In 2022, the average marble and travertine blocks export price amounted to $X per ton, shrinking by -4.4% against the previous year. In general, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 6.5%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China ($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 (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Marble And Travertine Blocks And Slabs

Imports into Malaysia

In 2022, the amount of marble and travertine blocks and slabs imported into Malaysia fell remarkably to X tons, dropping by -29.4% compared with the previous year. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 143% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, marble and travertine blocks imports shrank rapidly to $X in 2022. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 112% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Greece (X tons), Iran (X tons) and Turkey (X tons) were the main suppliers of marble and travertine blocks imports to Malaysia, with a combined 56% share of total imports. Portugal, Namibia, Tunisia, Cyprus and Italy lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +37.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) constituted the largest supplier of marble and travertine blocks and slabs to Malaysia, comprising 30% of total imports. The second position in the ranking was held by Iran ($X), with a 13% share of total imports. It was followed by Italy, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Greece was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (-16.8% per year) and Italy (+1.5% per year).

Import Prices by Country

In 2022, the average marble and travertine blocks import price amounted to $X per ton, with an increase of 4.2% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth was the most pronounced in 2019 an increase of 42%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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