Middle East: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in the Middle East

The Middle Eastern marble and travertine blocks market shrank remarkably to $X in 2022, dropping by -36.1% against the previous year. Over the period under review, consumption, however, showed a prominent increase. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Production of Marble And Travertine Blocks And Slabs in the Middle East

In value terms, marble and travertine blocks production dropped remarkably to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 122% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports in the Middle East

In 2022, marble and travertine blocks exports in the Middle East shrank dramatically to X tons, with a decrease of -17.5% on 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 35%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine blocks exports shrank significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 33% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey represented the major exporting country with an export of around X tons, which resulted at 85% of total exports. It was distantly followed by Iran (X tons), generating a 10% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of -1.0% from 2012 to 2022. At the same time, the United Arab Emirates (+44.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +44.7% from 2012-2022. By contrast, Iran (-1.1%) illustrated a downward trend over the same period. The United Arab Emirates (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine blocks supplier in the Middle East, comprising 80% of total exports. The second position in the ranking was held by Iran ($X), with a 14% share of total exports.

In Turkey, marble and travertine blocks exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+2.3% per year) and the United Arab Emirates (+36.8% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of -1.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while Turkey ($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 (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Marble And Travertine Blocks And Slabs

Imports in the Middle East

In 2022, after two years of decline, there was significant growth in supplies from abroad of marble and travertine blocks and slabs, when their volume increased by 14% to X tons. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 48% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, marble and travertine blocks imports stood at $X in 2022. In general, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2019 when imports increased by 22% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Syrian Arab Republic (X tons), Jordan (X tons), Lebanon (X tons), Turkey (X tons) and the United Arab Emirates (X tons) was the main importer of marble and travertine blocks and slabs in the Middle East, creating 81% of total import. Saudi Arabia (X tons) held a 6% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (5.2%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of +46.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine blocks importing markets in the Middle East were Jordan ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined 59% share of total imports.

Turkey, with a CAGR of +37.4%, recorded the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per ton in 2022, shrinking by -5.8% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marble and travertine blocks import price increased by +61.2% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 25%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 (+15.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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