Mexico: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Mexico

In 2022, the Mexican marble and travertine blocks market decreased by -2.2% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption showed a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Marble And Travertine Blocks And Slabs in Mexico

In value terms, marble and travertine blocks production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a perceptible setback. The growth pace was the most rapid in 2013 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Mexico

In 2022, the amount of marble and travertine blocks and slabs exported from Mexico shrank slightly to X tons, waning by -4.8% on 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 156% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine blocks exports rose sharply to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 491% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for marble and travertine blocks exports from Mexico, with a 59% share of total exports. Moreover, marble and travertine blocks exports to Brazil exceeded the volume sent to the second major destination, China (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at +23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.0% per year) and Spain (+42.4% per year).

In value terms, Brazil ($X) remains the key foreign market for marble and travertine blocks and slabs exports from Mexico, comprising 70% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Spain, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-12.6% per year) and Spain (+39.0% per year).

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 380% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the United States ($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 Brazil (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine Blocks And Slabs

Imports into Mexico

In 2022, supplies from abroad of marble and travertine blocks and slabs decreased by 0% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a sharp descent. The growth pace was the most rapid in 2018 with an increase of 189% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, marble and travertine blocks imports stood at $X in 2022. Overall, imports faced a sharp reduction. The growth pace was the most rapid in 2018 when imports increased by 126%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Oman (X tons) constituted the largest supplier of marble and travertine blocks to Mexico, accounting for a 54% share of total imports. Moreover, marble and travertine blocks imports from Oman exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. Guatemala (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Oman amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-28.7% per year) and Guatemala (-9.9% per year).

In value terms, Oman ($X) constituted the largest supplier of marble and travertine blocks and slabs to Mexico, comprising 36% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Oman amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-27.0% per year) and Spain (-34.6% per year).

Import Prices by Country

In 2022, the average marble and travertine blocks import price amounted to $X per ton, flattening at the previous year. Overall, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2015 when the average import price increased by 202%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat 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 Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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