Middle East: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in the Middle East

The Middle Eastern marble and travertine crude market fell to $X in 2022, which is down by -8.5% against the previous year. Overall, consumption saw a pronounced decrease. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Marble And Travertine in the Middle East

In value terms, marble and travertine crude production shrank to $X in 2022 estimated in export price. In general, production saw a pronounced descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 56%. As a result, production reached the peak level of $X. From 2018 to 2022, crude production growth remained at a somewhat lower figure.

Exports of Marble And Travertine

Exports in the Middle East

For the sixth year in a row, the Middle East recorded decline in overseas shipments of marble and travertine, which decreased by -4.8% to X tons in 2022. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 40% against the previous year. Over the period under review, the crude 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 crude exports reduced to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 32% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey represented the largest exporter of marble and travertine in the Middle East, with the volume of exports accounting for X tons, which was near 59% of total exports in 2022. It was distantly followed by Iran (X tons), mixing up a 30% share of total exports. Saudi Arabia (X tons), the United Arab Emirates (X tons) and Oman (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +18.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine crude supplying countries in the Middle East were Iran ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 92% share of total exports. Oman and Saudi Arabia lagged somewhat behind, together accounting for a further 5.3%.

Saudi Arabia, with a CAGR of +17.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, reducing by -6.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 11%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($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 (+2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Marble And Travertine

Imports in the Middle East

In 2022, supplies from abroad of marble and travertine decreased by -11.4% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. Over the period under review, crude imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, marble and travertine crude imports contracted dramatically to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2019 with an increase of 39%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lebanon (X tons) and Turkey (X tons) were the key importers of marble and travertine in 2022, amounting to near 38% and 26% of total imports, respectively. Oman (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Iran (11%) and the United Arab Emirates (7.3%). Syrian Arab Republic (X tons) and Jordan (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iran (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine crude importing markets in the Middle East were Lebanon ($X), Turkey ($X) and the United Arab Emirates ($X), together comprising 71% of total imports. Iran, Oman, Jordan and Syrian Arab Republic lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Iran, with a CAGR of +45.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, declining by -16.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2021 an increase of 30%. As a result, import price attained the peak level of $X per ton, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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