Northern America: Marble And Travertine Market 2022

Marble And Travertine Market Size in Northern America

The North American marble and travertine market rose markedly to $X in 2021, picking up by 11% against the previous year. In general, consumption, however, saw a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Northern America

In value terms, marble and travertine production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Marble And Travertine Exports

Exports in Northern America

In 2021, shipments abroad of marble and travertine decreased by -6.7% to X tons, falling for the second year in a row after three years of growth. Overall, exports recorded a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of 76% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine exports declined to $X in 2021. In general, exports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2014 when exports increased by 54%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States represented the key exporter of marble and travertine in Northern America, with the volume of exports resulting at X tons, which was near 59% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 41% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of +2.8%).

In value terms, the United States ($X) remains the largest marble and travertine supplier in Northern America, comprising 85% of total exports. The second position in the ranking was taken by Canada ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, declining by -4% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble and travertine export price decreased by -25.4% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 70%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).

Marble And Travertine Imports

Imports in Northern America

In 2021, the amount of marble and travertine imported in Northern America rose markedly to X tons, surging by 5.9% compared with 2020 figures. Over the period under review, imports, however, recorded a noticeable setback. The growth pace was the most rapid in 2020 when imports increased by 22%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, marble and travertine imports stood at $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 9% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Canada represented the main importing country with an import of about X tons, which resulted at 78% of total imports. It was distantly followed by the United States (X tons), committing a 22% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to marble and travertine imports into Canada stood at -3.5%. At the same time, the United States (+5.9%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +5.9% from 2012-2021. While the share of the United States (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-11.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2021.

Among the main importing countries, the United States, with a CAGR of +4.2%, 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 2021, approximately reflecting the previous year. Import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble and travertine import price decreased by -32.0% against 2017 indices. The pace of growth was the most pronounced in 2013 when the import price increased by 26%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :