New Zealand: Marble Building Stone Market 2024

Marble Building Stone Market Size in New Zealand

The New Zealand marble building stone market soared to $X in 2021, surging by 42% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a remarkable increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Marble Building Stone Exports

Exports from New Zealand

In 2021, after three years of decline, there was significant growth in shipments abroad of marble building stone, when their volume increased by 87% to X tons. In general, exports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 883%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, marble building stone exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by 292%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for marble building stone exports from New Zealand, with a 85% share of total exports. Moreover, marble building stone exports to Australia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold. Canada (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Australia totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+37.2% per year) and Canada (-9.6% per year).

In value terms, Australia ($X) remains the key foreign market for marble building stone exports from New Zealand, comprising 86% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 4.8% share of total exports. It was followed by Cook Islands, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+65.8% per year) and Cook Islands (-5.1% per year).

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, dropping by -10.1% against the previous year. In general, the export price showed a pronounced decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Tonga ($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 China (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.

Marble Building Stone Imports

Imports into New Zealand

In 2021, approx. X tons of marble building stone were imported into New Zealand; jumping by 34% on 2020. In general, imports showed a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 49%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, marble building stone imports skyrocketed to $X in 2021. Overall, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of marble building stone imports to New Zealand, with a combined 71% share of total imports. Greece, India, Oman and Germany lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +67.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marble building stone suppliers to New Zealand were China ($X), Italy ($X) and Turkey ($X), with a combined 69% share of total imports. Greece, India, Oman and Germany lagged somewhat behind, together accounting for a further 13%.

Oman, with a CAGR of +65.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, growing by 12% against the previous year. In general, the import price, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 12%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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