Northern America: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Northern America

The North American marble and travertine crude market amounted to $X in 2022, with an increase of 3.6% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Marble And Travertine in Northern America

In value terms, marble and travertine crude production reached $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude production decreased by -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports in Northern America

In 2022, shipments abroad of marble and travertine decreased by -9.4% to X tons, falling for the fourth consecutive year after seven years of growth. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 258% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine crude exports reduced markedly to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 475% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United States (X tons) was the largest exporter of marble and travertine, generating 84% of total exports. It was distantly followed by Canada (X tons), mixing up a 16% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to marble and travertine crude exports from the United States stood at +15.3%. At the same time, Canada (+17.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +17.1% from 2012-2022. Canada (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -1.9% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest marble and travertine crude supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +17.5%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, dropping by -10.6% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 crude export price decreased by -21.8% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 61% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 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 the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Imports of Marble And Travertine

Imports in Northern America

In 2022, after two years of growth, there was significant decline in supplies from abroad of marble and travertine, when their volume decreased by -60.7% to X tons. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 100%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, marble and travertine crude imports shrank remarkably to $X in 2022. Overall, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 93%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Canada (X tons) and the United States (X tons) represented roughly 99% of total imports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Canada (with a CAGR of -0.1%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2022.

Among the main importing countries, Canada, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, jumping by 97% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 crude import price increased by +105.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%).

Source: IndexBox Platform

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