MENA: Marble Building Stone Market 2025

Marble Building Stone Market Size in MENA

In 2021, the MENA's marble building stone market decreased by -29% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a pronounced increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Marble Building Stone Production in MENA

In value terms, marble building stone production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 60%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Marble Building Stone Exports

Exports in MENA

In 2021, the amount of marble building stone exported in MENA skyrocketed to X tons, rising by 68% compared with the year before. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, marble building stone exports soared to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.8% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, accounting for X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Oman (X tons), making up a 6% share of total exports. Egypt (X tons) took a minor share of total exports.

Turkey was also the fastest-growing in terms of the marble building stone exports, with a CAGR of +11.8% from 2012 to 2021. At the same time, Oman (+6.7%) displayed positive paces of growth. By contrast, Egypt (-1.1%) illustrated a downward trend over the same period. Turkey (+11 p.p.) significantly strengthened its position in terms of the total exports, while Oman and Egypt saw its share reduced by -2% and -6.3% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest marble building stone supplier in MENA, comprising 82% of total exports. The second position in the ranking was taken by Egypt ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +8.5%. In the other countries, the average annual rates were as follows: Egypt (+2.5% per year) and Oman (+1.4% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, picking up by 2.7% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the export price increased by 72%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.7%), while the other leaders experienced a decline in the export price figures.

Marble Building Stone Imports

Imports in MENA

In 2021, supplies from abroad of marble building stone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 36% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, marble building stone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main importers of marble building stone in 2021, resulting at near 25% and 18% of total imports, respectively. Libya (X tons) held the next position in the ranking, followed by Iraq (X tons), Morocco (X tons), Kuwait (X tons) and Qatar (X tons). All these countries together held approx. 41% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +38.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble building stone importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Libya ($X), with a combined 51% share of total imports.

Saudi Arabia, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, picking up by 9.4% against the previous year. Over the period under review, the import price, however, showed a mild slump. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform