Middle East: Marble And Travertine Market 2022

Marble And Travertine Market Size in the Middle East

In 2021, the Middle Eastern marble and travertine market increased by 4.3% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in the Middle East

In value terms, marble and travertine production stood at $X in 2021 estimated in export price. In general, production, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Marble And Travertine Exports

Exports in the Middle East

In 2021, shipments abroad of marble and travertine increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 33%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, marble and travertine exports reached $X in 2021. Over the period under review, exports, however, showed a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 30%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey was the main exporter of marble and travertine in the Middle East, with the volume of exports recording X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Iran (X tons), mixing up a 10% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to marble and travertine exports from Turkey stood at -2.3%. At the same time, Oman (+2.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +2.2% from 2012-2021. By contrast, Iran (-2.5%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine supplier in the Middle East, comprising 85% of total exports. The second position in the ranking was held by Iran ($X), with a 13% share of total exports.

In Turkey, marble and travertine exports shrank by an average annual rate of -1.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Iran (-1.2% per year) and Oman (-11.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, waning by -4.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 8.1% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+1.3%), while the other leaders experienced mixed trends in the export price figures.

Marble And Travertine Imports

Imports in the Middle East

After two years of decline, purchases abroad of marble and travertine increased by 49% to X tons in 2021. Overall, imports, however, recorded a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, marble and travertine imports expanded rapidly to $X in 2021. In general, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 13%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Jordan (X tons), distantly followed by Qatar (X tons), the United Arab Emirates (X tons), Syrian Arab Republic (X tons), Lebanon (X tons), Turkey (X tons) and Saudi Arabia (X tons) represented the major importers of marble and travertine, together generating 95% of total imports.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of +26.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine importing markets in the Middle East were Jordan ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 56% share of total imports. Lebanon, Turkey, Qatar and Syrian Arab Republic lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Turkey, with a CAGR of +23.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, reducing by -26.8% against the previous year. Overall, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when the import price increased by 20%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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