Mexico: Marble And Travertine Market 2022

Marble And Travertine Market Size in Mexico

In 2021, the Mexican marble and travertine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a slight descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Marble And Travertine Production in Mexico

In value terms, marble and travertine production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 67% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Marble And Travertine Exports

Exports from Mexico

In 2021, after three years of decline, there was significant growth in overseas shipments of marble and travertine, when their volume increased by 50% to X tons. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of 133% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine exports skyrocketed to $X in 2021. In general, exports, however, saw a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 166% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for marble and travertine exports from Mexico, accounting for a 49% share of total exports. Moreover, marble and travertine exports to Brazil exceeded the volume sent to the second major destination, China (X tons), twofold. Italy (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-26.6% per year) and Italy (-14.6% per year).

In value terms, Brazil ($X), China ($X) and Italy ($X) appeared to be the largest markets for marble and travertine exported from Mexico worldwide, together accounting for 77% of total exports. These countries were followed by Spain, the United States and Taiwan (Chinese), which together accounted for a further 23%.

The United States, with a CAGR of +20.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, declining by -14.7% against the previous year. In general, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Brazil ($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 the United States (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Marble And Travertine Imports

Imports into Mexico

In 2021, overseas purchases of marble and travertine decreased by -8.2% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by 28%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, marble and travertine imports rose modestly to $X in 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 25% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main marble and travertine supplier to Mexico, with a 97% share of total imports. Moreover, marble and travertine imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +3.6%.

In value terms, the United States ($X) constituted the largest supplier of marble and travertine to Mexico, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +14.8%.

Import Prices by Country

The average marble and travertine import price stood at $X per ton in 2021, rising by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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